The Sei Network has officially entered its Mainnet beta phase, marking a significant milestone with the introduction of its native token, SEI. In a move to broaden participation, the Sei Foundation has significantly increased the number of wallets eligible for its cross-bridge airdrop, now extending to 1.5 million addresses.
Major Airdrop Expansion Underway
Initially planned for 500,000 wallets, the airdrop allocation was tripled due to overwhelming demand. This initiative now includes users across multiple major blockchain ecosystems, such as Ethereum, Polygon, Arbitrum, BNB Chain, Solana, Optimism, and Osmosis.
By expanding eligibility, the foundation aims to reward a larger community of early supporters and encourage wider adoption of the Sei ecosystem. The airdrop coincides with the Mainnet beta launch, which went live on August 15.
Several leading cryptocurrency exchanges, including Binance, Bybit, Huobi, and Kraken, have already listed the SEI token. On its first day, trading volume reached $1.14 billion, with Upbit and Binance leading most of the activity.
Inside Sei’s High-Speed Blockchain Architecture
Sei Network is designed as a high-performance blockchain focused on speed and scalability. It achieves transaction finality in just 500 milliseconds, making it one of the fastest networks available.
The platform uses parallel processing and instant block finality to maximize throughput, outperforming even the theoretical limits of Ethereum rollups. Its innovative block propagation and processing mechanisms set a new standard for efficiency in decentralized networks.
To support its development, Sei Labs secured $30 million in funding from investors like Jump Crypto, Multicoin Capital, and MH Ventures. This backing has helped accelerate network growth and ecosystem development.
Airdrops play a key role in Sei’s community-building strategy, rewarding early users and testers while decentralizing token distribution. 👉 Explore more about token distribution strategies
Frequently Asked Questions
What is the Sei Network?
Sei is a high-throughput blockchain built for speed, offering rapid transaction finality and optimized performance for decentralized applications.
How do I check my airdrop eligibility?
The Sei Foundation has expanded eligibility to 1.5 million wallets across chains like Ethereum, Solana, and BNB Chain. Users can check eligibility through the official Sei network airdrop portal.
Which exchanges support SEI trading?
Major exchanges including Binance, Kraken, Bybit, and Huobi have listed SEI. Trading volume exceeded $1 billion on the first day.
What makes Sei’s technology unique?
Sei uses parallel processing and optimized consensus to achieve sub-second finality and high throughput, surpassing many Layer 1 and Layer 2 solutions.
Is the airdrop available globally?
The airdrop is accessible to users in most regions, though some restrictions may apply based on local regulations.
What was the funding background of Sei Labs?
Sei Labs raised $30 million from top-tier crypto investors to support network development and ecosystem expansion.
SEI is currently trading at $0.1818 according to latest market data.