RECAP: FACE OFF - SEI vs SOLANA (2024)

• Sei is a Layer 1 blockchain built using the Cosmos SDK and Tendermint Core

  See Also

  Beyond the Hype: Understanding why Solana is thrivingHow Sei Became the Fastest Blockchain: Twin Turbo ConsensusAppLayer Unveils Fastest EVM Network and $1.5M Network Incentive ProgramTop 10 Fastest Blockchain Platforms in 2024 - HeLa

• Sei is building a scalable and interoperable blockchain optimized for DeFi

• The Nakamoto coefficient of SEI is 7 versus 21 for Solana—3x more decentralized

• Sei is nearly three times faster when it comes to finality

• Sei only has 4 developers compared to Solana, with 322 weekly developers

  See Also

  The Open Network (TON) Proves it is the World’s Fastest and Most Scalable Blockchain

• Inflation will be heavy for Sei over the foreseeable future

• The total value locked for Sei is $10.6 million versus $1.52 billion for Solana

• Solana is substantially more mature and capable as a chain

• Solana is still the consensus trade for 2024

Today's lesson will focus on one of the most requested face-off matchups between Sei and Solana. Everyone has been asking if Sei is the new killer and if it will take the crown from SOL. Solana was certainly the consensus trade in 2023, but what exactly is happening in 2024?

Our analysis will be based entirely on data, which is the same approach I have used for nearly 35 years in other markets.

Here is a link to my full Face Off playlist:
https://www.youtube.com/playlist?list=PLWTRLGkkf1kQO2-ChWg1KKWf8uh3yQryF