Sei

A Cosmos-SDK L1 optimised for orderbook-style trading, with an EVM-compatible parallel execution layer (Sei v2).

Sei v2 (live since 2024) added EVM compatibility while keeping the original Cosmos chain machinery. Stablecoin float is dominated by USDC; the orderbook DEX surface (Vortex, Levana) makes it a niche venue for stablecoin perp strategies.

Related terms

L1 (Layer-1)A base-layer blockchain that settles its own state and provides its own security — Ethereum, Solana, BNB Chain.
EVM (Ethereum Virtual Machine)The runtime that executes Ethereum smart-contract bytecode — replicated across all EVM-compatible chains.