Odaily Planet Daily reported that according to official news, Larry, the head of DeFi at $Sei Network, delivered a keynote speech titled "The Fastest Parallelized EVM Layer 1" at the "OKX Web3 Night" event. Larry stated that $Sei is committed to scaling the Ethereum Virtual Machine (EVM) with the goal of achieving a throughput of 5 billion gas per second through parallel execution, fast consensus, and optimized storage. In the future, EVM will be rebuilt from the ground up, focusing on three main areas: consensus, storage, and execution. The Giga upgrade will further enhance $Sei's performance by optimizing the consensus mechanism and increasing network throughput. After the upgrade, $Sei's TPS (transactions per second) is expected to double to 10,000 TPS, meeting the needs of enterprise-level large-scale applications.
According to Defillama data, $Sei Network's TVL has grown by 85% over the past month, ranking first among all public chains. Notably, several high-growth projects have emerged within the $Sei ecosystem, such as Yei Finance, Sailor Finance, and Silo, among which the DeFi protocol Yei Finance is relying on $Sei to create an all-chain liquidity market that integrates multi-chain lending and trading, providing on-chain users with a user experience comparable to that of CEX.