Jay
@jayendra_jog
Co-Founder @Sei_Labs. Building the Blockchain for Trading. Previously @RobinhoodApp
1.6K Following 26.2K Followers
There's a lot of alpha happening on @SeiNetwork today, for those who are paying attention.
Progress towards Giga is accelerating.
Sub-250ms finality. 200,000TPS throughput. CEX quality execution onchain.
Giga will be the ultimate trading blockchain.
Just finished the biggest migration on Sei since 2024.
Performance improvement is nothing short of incredible.
Sei's EVM store now lives on FlatKV, about 70% of the chains total keys. Remaining 30% will ship in future migrations.
Giga is coming.
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It appears that the same mistake that OpenAI made formally verifying their Navier-Stokes solution has made it's way into blockchain.
If this had gone to production it could have been a multi-billion dollar issue.
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Sei is at the forefront of quantum-readiness. From a research standpoint, we're prepared for scenarios like ECDSA breaking.
As an industry, more research into post-AI and post-quantum cryptography is critical.
We need cryptographic solutions that scale if we want high-performance chains to be viable.
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become a maximalist if you're not a trader
never become a maximalist when you are a trader
Last week Sei Labs engineers completed the first full test of the new Sei Giga architecture.
The successful test showcased unprecedented throughput and finality for an EVM chain.
Next steps are continuing tests and getting it production ready.
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⚡️ NEW: Canary Capital files Amendment No. 2 to its S-1 for a Staked $SEI ETF that will hold spot $SEI.
iphone duo reminds me of the apple vision pro
an interesting (and expensive) novelty that ppl wont buy/use
Lots of people have been asking me how I feel about Robinhood Chain's success.
Truth is: good. Onchain trading is going mainstream.
With Giga (and some other cool projects) Sei Labs is building the end state of onchain trading.
Robinhood wins today. We win tomorrow.
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why did stock-paired memecoins ever become a thing
Robinhood chain is extremely positive for crypto
Tons of net new users and activity coming onchain, many of whom will also explore other ecosystems
Robinhood Chain: two months in.
🔷Total DEX volume: $34.6B
🔷Protocol TVL: $1.27B
🔷190+ Stock Tokens live, with $3B+ in cumulative DEX volume
🔷Total transactions: 576M
🔷Total addresses: 12.3M
🔷Perps trading on Lighter: $7.29B in total volume
Gratitude to every user and builder behind the numbers.
Onward.
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The first pieces of Giga storage are already live on mainnet. Much more will go live before the end of the year.
Afaik the Giga upgrade will make @SeiNetwork the first EVM chain to fully replace merkle trees.
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FlatKV is the upcoming state store utilized by Sei Giga.
Sei Labs benchmarked it against @SeiNetwork's current event store for 24 hrs.
FlatKV averaged 205,913 transactions per second. ~13.7x more than its predecessor.
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Sei Labs has built an in house AI code reviewer for the primary sei-chain repo.
The median wait time for a first code review decreased from 54 minutes to 6. The p75 review time decreased from 8 hours to 12 minutes.
Code changes now merge 25% faster than before.
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Getting institutions onchain is about building confidence at an organizational level, not just blockchain performance.
Happy to announce a joint report from @SeiNetwork and @Mastercard on how financial institutions decide whether to use a blockchain.
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When a chain mentions blocktime they usually mean average blocktime (or p50 to be technical).
The speed of the slowest 1% of blocks (the p99) matters more.
As of v6.6, @SeiNetwork has a p50 of around 400ms, and an extremely fast p99 of roughly 600ms.
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crazy how much morale for the crypto industry can change in 24 hours
Scaling an L1 means scaling consensus, execution and storage.
The first part of Giga going live is storage.
Every transaction that runs has to be stored. If the database can't keep pace, the speed of the other components is irrelevant.
Eidos is scaling @SeiNetwork's storage.
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Have spent probably dozens of hours internally debating what the appropriate strategy for quantum-readiness is.
Very happy with our current approach.
Yes quantum computers are coming. No they are not around the corner and we absolutely should NOT be panicking.
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Introducing SIP-5: bringing quantum security to @SeiNetwork.
If a quantum threat emerges, every account has a route to become quantum-secure.
Simultaneously, @Sei_Labs will identify new, more performant cryptographic solutions for future implementation.
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Today marks three years of Sei on mainnet.
I am incredibly proud to look back and think of everything that has happened on Sei to get it to this point.
Three years ago today, Sei mainnet produced its first block.
What's your favorite memory from your time on Sei?
