$6.2M in total NFT traded volume.

Nearly 500,000 new users since January.

Now Sei is evolving beyond Sei v2 with a groundbreaking step:

Introducing the Parallel Stack.

Let’s dive in! 🧵👇

✨ Motivation Behind the Parallel Stack:

• Sei Labs is dedicated to a developer-first approach.

• Acknowledging EVM’s popularity, they aim to overcome its limitations.

• The goal is to boost creativity and innovation by removing constraints.

🤔 Despite EVM’s dominance, developers face throughput and innovation space challenges.

Sei’s mission?

Expand these boundaries.

The Parallel Stack is the answer to these challenges.

🌐 The Parallel Stack:

• Current EVM blockchains run on a single thread, limiting performance.

• @Sei_Labs envisions a future where developers prefer parallel processing.

• The Parallel Stack promises higher performance and scalability.

Img Source:

@CryptoTimes_io

The Parallel Stack isn’t just an idea; it’s a robust, open-source framework for building faster Layer 2s and rollups.

It’s inspired by Sei v2, aiming to tackle Ethereum’s performance bottlenecks.

⭐This innovation could drastically reduce transaction fees.

🌟 Key Benefits:

• Utilizes modern hardware advances for lower fees and a better user experience.

• Offers a rich foundation for Ethereum builders, enhancing customization and security.

• Includes an option to leverage Sei’s validator set for project sequencing.

Sei’s Parallel Stack offers faster transactions and lower fees.

This means:

⚡NFT collections can be minted, bought, and sold more efficiently.

🌎Reduced costs make NFTs more accessible.

🖼️ New creative possibilities for NFT artists and developers.

Here’s why traders should take note:

⚡Speedier trades let you capitalize on market moves instantly.

💰Reduced fees mean more profit and broader access.

💻Scalability ensures smooth trading, even during peak times.

Hess on Twitter: "6) On-chain Trading@astroport_fi, the leading DEX on Sei, accounted for over 95% of the volume and user base.The total trading volume reached 288m USD across 864k txns involving 62k users.In January, amidst the growth in Sei price, the trading volume peaked at 137m USD. pic.twitter.com/USvKd8tCFZ / Twitter"

6) On-chain Trading@astroport_fi, the leading DEX on Sei, accounted for over 95% of the volume and user base.The total trading volume reached 288m USD across 864k txns involving 62k users.In January, amidst the growth in Sei price, the trading volume peaked at 137m USD. pic.twitter.com/USvKd8tCFZ

Read more below!

How Sei Became the Fastest Blockchain: Twin Turbo Consensus

https://blog.sei.io/twin-turbo-consensus/

Introducing the Parallel Stack on Seinetwork.io was originally published in Nswap.com on Medium, where people are continuing the conversation by highlighting and responding to this story.