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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,632.83
    ethereum
    Ethereum (ETH) $ 3,038.28
    tether
    Tether (USDT) $ 0.999934
    bnb
    BNB (BNB) $ 384.55
    usd-coin
    USDC (USDC) $ 0.999808
    xrp
    XRP (XRP) $ 0.544145
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.086072
    cardano
    Cardano (ADA) $ 0.588881
    solana
    Solana (SOL) $ 102.71
    matic-network
    Polygon (MATIC) $ 0.97491
    polkadot
    Polkadot (DOT) $ 7.76
    tron
    TRON (TRX) $ 0.137559

    Binance helps Sei community upgrades and cryptocurrency hits all-time excessive

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    The SEI cryptocurrency, belonging to the layer 1 community specialised in open supply sensible contracts, Sei, has reached an all-time excessive after the Binance alternate introduced its assist for updates to mentioned protocol.

    It’s due to that The cryptocurrency skilled a 208% enhance within the final monthand established itself as essentially the most distinguished cryptocurrency in the marketplace within the first days of January.

    The worth of SEI went from $0.26 in the beginning of December to $0.82 at present, as may be seen within the following chart offered by TradingView.

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    With the current information of the Sei community replace supported by Binance, it’s making ready to hold out this transformation in block 49,519,931, in keeping with an announcement from the alternate.

    As a part of this course of Binance introduced that it’s going to quickly droop SEI deposits and withdrawals efficient at present, January 3, 2024. This measure is critical to make sure a easy transition and to permit customers to adapt to the brand new options and enhancements that might be carried out.

    Each Sei and exchanges comparable to Binance, which assist its native cryptocurrency, are making ready for the implementation of an replace that the workforce behind the community has known as “the primary parallelized EVM (Ethereum Digital Machine).

    This seeks to “leverage the confirmed benefits of Sei and make them accessible to a worldwide base of EVM builders. “This enables Sei to get the perfect out of Solana and Ethereum: a hyper-optimized execution layer that advantages from the tooling and shared mindset round EVM.”

    See also  Bullish bitcoin value forecasts: $150,000 by summer time 2025

    The EVM is a digital machine able to fixing mathematical issues and, due to this fact, executing virtually any instruction. Every kind of pc applications are constructed on this machine, as defined by Criptopedia, the tutorial part of CriptoNoticias.

    The SEI cryptocurrency has important utilities on the community. Along with serving as a medium of alternate for digital belongings, it’s also used to pay gasoline charges (commissions) and performs an necessary function as a governance foreign money within the Sei protocol. This multiplicity of features provides worth and flexibility to the SEI.

    For its half, the entire worth locked (TVL) in decentralized purposes (dApps) based mostly on Sei has additionally skilled marked development because the starting of December, when it was $3 million. At the moment it’s 4.9 million {dollars}, which suggests a rise of 63%, in keeping with knowledge from DeFiLlama.

    The SEI cryptocurrency It’s not the one digital asset within the ecosystem that has skilled an upward motion; even the network-pegged SEIYAN memecoin has seen a major rise in worth.

    SEIYAN—title by which SEI holders name themselves— had a rise of 103% within the final seven days, as may be seen within the graph. Its present worth is $0.049, in keeping with knowledge from CoinGecko.

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