Sei Network, designed for high-performance DeFi applications, has completed its V2 upgrade and introduced the FastUSD stablecoin amidst ongoing price corrections.
SEI V2 Upgrade and Its Features
The SEI V2 upgrade introduces parallelized EVM execution, ensuring Ethereum compatibility and high throughput for transactions. This enhancement also targets latency reduction and improved smart contract performance.
FastUSD Stablecoin and Proposal 55
The FastUSD stablecoin aims to increase the speed of DeFi transactions. Additionally, Proposal 55 has been introduced to streamline token utility and reward mechanisms within the DAO governance model.
Current Market Performance of SEI
Currently, SEI is trading at $0.2071, with a daily gain of 6.92%. However, over the past six months, the token has lost 51.08% of its value.
Sei Network continues to evolve in a volatile market, aiming to establish itself in the high-performance DeFi applications space.
