The SEI token is scheduled to be listed on Binance next week. According to data published by Aevo, a new cryptocurrency futures platform, the token is likely to open at 26 cents, which would give it a market cap of over $500 million, making it one of the most successful launches this year.
SEI is the 36th project to be launched on Binance Launchpool. The SEI ecosystem will also produce other blockchains, such as Bella Protocol, Alpha Venture DAO, Apollo DAO and Astroport. The Twin-Turbo reduces latency by using multiple parallelization levels and consensus.
The challenge for SEI and other new layer-1 and layer-2 networks is that the industry is saturated, with the majority of activity taking place in Ethereum. For example, PayPal selected Ethereum for their new PYUSD Stablecoin. Many Layer-2 networks, such as Arbitrum, Optimism and Polygon, have not been able to gain traction.
It is likely that SEI token prices will increase shortly after the listing, but then decline shortly afterwards.