MultiversX Tracker is Live!

Is Sei Network the fastest L1 on crypto? TL;DR: It isn't.

All Cryptocurrencies

by COINS NEWS 183 Views

Is Sei Network the fastest L1 on crypto? TL;DR: It isn't.

Sei Network is calling itself "the fastest layer 1 blockchain", with a time to finality of 500ms from testnet results, self-reported by Sei Labs.

Sei Network testnet results. Source: Sei Labs (registered on August 17, at 17h UTC)

This would indeed make Sei one of the fastest layer-1 if the testnet results can be replicated on the production network (they usually can't).

But still losing to faster networks like #nano????, with a reported average of less than 400ms time to finality, by the independent network explorer, NanoLooker, on the mainnet.

Nano live network data. Source: Nanolooker (registered on August 17, at 17h UTC)

On a simple 'market perception' comparison, SEI already has over $320M market cap; while XNO has less than $100M market cap.

The Sei Network is programmed to have a total supply of 10 billion SEI, of which only 1.8 billion (18%) are already circulating. This makes SEI’s fully diluted market cap to be over $1.77 billion in current prices.

While XNO has a fully distributed supply of Ӿ133.24 million.

Now you take your own conclusions. ????

What do you think about both networks?

submitted by /u/vinibarbosa
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments