Sei Labs Releases White Paper for Sei Giga – EVM L1 Blockchain
Sei Labs, a major contributor to the Sei Layer 1 blockchain, has just released the official white paper for Sei Giga, marking a major milestone in the network’s development journey. Aiming to become the first multi-proposal Ethereum Virtual Machine (EVM) L1, Sei Giga promises to bring breakthroughs in scalability, speed, and availability of the blockchain network.
Sei Giga – A Comprehensive Overhaul Towards EVM Layer 1
According to an announcement from Sei Labs sent to crypto.news, Sei Giga is a major upgrade of the Sei blockchain, with an advanced design using Autobahn, a new consensus protocol that allows for parallel block generation. This design directly addresses the backlog of problems with network latency, data congestion, and storage performance – traditional bottlenecks that many Layer 1 blockchains are facing.
With Sei Giga, Sei is not just a high-performance blockchain, but also shaping itself as a truly horizontally scalable, multi-protocol, multi-tasking platform that serves the increasingly complex needs of decentralized applications (dApps) and decentralized finance (DeFi).
Impressive performance: 200,000 TPS and 400 millisecond finality
Sei Giga is equipped with incredible performance numbers:
Throughput reaches 5 gigagas
Process up to 200,000 transactions per second (TPS)
Finality under 400 milliseconds
According to Sei Labs, this helps Sei Giga achieve 40x more execution efficiency, 70x faster block production, and 50x higher throughput than traditional L1 solutions.
EVM Compatibility – Direct Bridge to the Ethereum Ecosystem
A key design feature of Sei Giga is EVM compatibility, which allows for direct execution of Ethereum smart contracts. This facilitates seamless integration with existing DeFi and DEX applications in the Ethereum ecosystem, while also expanding opportunities for developers to deploy products on a higher-performance platform without rewriting source code.
Sei – Fastest Growing Ecosystem Today?
According to a report from Nansen, Sei is currently one of the fastest growing blockchains in terms of user growth thanks to the explosion of Web3 games and decentralized applications. In the last 24 hours:
Active addresses increased by 44%, reaching over 457,000 addresses
Transaction volume increased by 43%, surpassing 1.03 million transactions
Sei has also raised over $30 million from leading investment funds such as Jump Crypto, Multicoin Capital, and Coinbase Ventures, solidifying its position as one of the most promising and well-backed blockchain projects in the market.
The Future of Sei Giga: Ushering in the New Generation L1 Era
With the release of the Sei Giga white paper, Sei Labs not only introduces a technical upgrade, but also lays out a clear vision for an EVM L1 blockchain that is fully optimized for performance, scalability, and compatibility. This move puts Sei at the forefront of the race to provide world-class blockchain infrastructure for Web3, DeFi, and GameFi.
Conclusion
Sei Giga is a clear demonstration that Sei Labs is serious about expanding its influence in the global blockchain market. With its parallel block structure, extremely high speed, and deep compatibility with Ethereum, Sei Giga has the potential to redefine the standard for L1 blockchains in the new era.
