Sei Network Larry: Build the fastest parallel EVM Layer 1, TVL soared 85.62% in the past month, breaking through 400 million dollars

According to the official news, Larry, the head of Sei Network DeFi, delivered the keynote speech "The Fastest Parallelized EVM Layer 1" at the "OKX Web3 Night" event. Larry said that Sei is committed to scaling the Ethereum Virtual Machine (EVM) with the goal of achieving 5 billion gas throughput per second. Through parallel execution, fast consensus and optimized storage, Sei has built the highest performance EVM in history. In the future, EVM will be rebuilt from scratch, focusing on the three major areas of consensus, storage and execution. The Giga upgrade will further enhance Sei performance by optimizing the consensus mechanism and improving network throughput. After the upgrade, Sei's TPS (transaction volume per second) is expected to double to 10,000 TPS, meeting the needs of enterprise-level large-scale applications.
According to Defillama data, the TVL of the Sei network has increased by 85% in the past month, ranking first among all public chains. It is worth noting that a number of high-growth projects have emerged in the Sei ecosystem, such as Yei Finance, Sailor Finance, Silo, etc. Among them, the leading DeFi protocol Yei Finance is relying on the characteristics of Sei's high-performance public chain to create a full-chain liquidity market, integrate multi-chain lending and trading, and bring a CEX-like experience to users on the chain.