Solana Competitor Explodes Over 110% in Two Weeks Amid New Investment From USDC Issuer Circle

A Solana (SOL) competitor is instantly hovering amid information that stablecoin issuer Circle (USDC) is investing in the blockchain venture.

The Sei Community (SEI), the brand new layer-1 blockchain that claims to be a blockchain sooner than Solana, reached a excessive of $0.250 after the Circle announcement, a greater than 110% improve from its worth of $0.118 on November tenth.

Circle mentioned they have been investing in the SEI community to increase use instances for USDC, its dollar-pegged digital asset.

SEI has barely retraced and is buying and selling for $0.239 at time of writing.

Said SEI,

“SEI is designed particularly to handle the first use case of cryptocurrency – the alternate of digital property. This blockchain isn’t simply quick; it’s the quickest, attaining 390ms time to finality and boasts unparalleled pace.

By way of integration with SEI, USDC will present builders and entrepreneurs around the globe one thing they’ve by no means had earlier than: the power to construct merchandise and commerce on an open platform globally, shortly, and cheaply with instantaneous transaction settlement.”

In line with SEI, its trading-focused blockchain community is faster than Solana’s primarily based on sure key information.

SEI says its transaction finality on its blockchain is 500 milliseconds whereas Solana’s transaction finality is round 2.5 seconds. SEI additionally compares its transactional throughput with Solana by saying Sei Community has the aptitude of 20,000 orders per second (ops) and Solana can deal with 10,000 transactions per second (tps).

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