Welcome back to the Sei Overview. We’re creating the best place for the Sei community to get the latest updates, metrics, insights on the blockchain, its ecosystem developments and more – all in one place. Every Monday.

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The percentages and metrics are calculated from its change over a 7-day time frame, unless noted otherwise.

Highlighting some of the biggest announcements from Sei. 

💨 What’s happening: Sei Labs released the whitepaper for its Giga upgrade, outlining plans to achieve more than 200,000 transactions per second (TPS) and sub 400ms finality.

💨 Why it matters: The Sei Giga upgrade aims to make transactions as fast and seamless, where it could meet the demands needed to become a chain to support “Google-level throughput,” Sei Labs Co-Founder Jay Jog previously shared.

Unlike traditional blockchains like Ethereum or Bitcoin that may encounter slow processing and high costs, the Giga network upgrade is designed to handle 200,000 transactions per second. This would mean Sei would become 50 times faster than its current v2. 

Sei leverages Ethereum’s framework to create an environment where its developers are able to use familiar tools to create applications. In turn, Sei hopes to flourish a wide range of innovative applications that could change how users interact with technology daily.

In addition, the Giga upgrade could have a greater impact on its ecosystem, particularly in areas like decentralized finance (DeFi), decentralized science (DeSci) and gaming; sectors Sei has previously expressed efforts in. Sei’s Giga upgrade could bring these specific technologies to everyday users by making blockchain transactions more smooth compared to traditional apps.

Beyond Giga’s utility for sectors like DeFi, DeSci and gaming, the network upgrade could be used by everyday business owners. This means a retail business owner could integrate the network in order to process thousands of payments per second, track supply inventory in real-time and offer up-to-date digital loyalty programs.

💨 The bigger picture: The Sei Giga upgrade could extend beyond technical upgrades because of its real-world use case for brick and mortar or digital businesses. 

The combination of speed that rivals web2 services like Google and the transparency of blockchain may provide a solution for outdated systems.

If Sei Labs can successfully drive developer interest and prove its reliability, Giga could become the technology businesses may need for faster, more transparent systems. In turn, paving the way for a future where decentralized technology powers everyday life as effortlessly as today’s internet.

Updates on the latest games, validators, builders and more that are helping Sei expand

Highlighting the builders, users and ecosystem players within the Sei blockchain.

Want to get involved in the ecosystem? Find the latest job postings here or get involved with an activation below. 

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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.