Sei Labs Raises $30M for Trading-Focused Layer 1 Blockchain

Sei Labs contributes to the Sei blockchain, an open-source layer 1 blockchain focused on asset trading. The chain is optimized to allow decentralized exchanges and trading apps to offer users a fast, scalable user experience. Sei’s public testnet went live on March 13 and has attracted more than 3.6 million unique users in that time, according to the company.