Engineering Talent Moves In-House@Sei_Labs has acquired @bilinearlabs, bringing the firm's Rust-based engineering talent and data analytics capabilities directly into the $SEI ecosystem. The Bilinear team is transitioning into core development roles focused on Sei Network and the upcoming Sei Giga scaling initiative, deepening the in-house technical bench at a critical moment for the protocol.
The move follows Bilinear's track record of delivering real-time financial insights and on-chain intelligence for high-velocity decentralized markets, a profile that fits squarely with Sei's performance-first positioning in DeFi infrastructure.
What Is Sei Giga and Why Does It Matter?Sei Giga is @Sei_Labs' most ambitious technical undertaking to date. The initiative targets over 50x throughput, 70x faster block production, and 40x execution efficiency, with the broader goal of making Sei the first multi-proposer EVM Layer 1. It leverages parallel block proposals to solve bottlenecks, scaling the EVM with innovations across data availability, consensus, execution, and storage.
Key targets include 5 gigagas of throughput at roughly 200,000 transactions per second, alongside sub-400ms finality for low-latency, high-speed applications. Achieving that throughput would deliver execution speeds 50 times faster than any other mainnet chain, comparable to Web2-level transaction performance.
Advanced features including Autobahn consensus, a multi-proposer architecture, and the 5 gigagas throughput target are currently in development. Sei Labs has already achieved 5 gigagas of throughput in an internal devnet using Autobahn, a new consensus protocol designed for high throughput and low latency in globally distributed validator networks.
Bringing Bilinear's engineering resources in-house signals that Sei Labs is consolidating specialist talent rather than relying on external contributors as Giga moves closer to production. For the $SEI ecosystem, the acquisition adds depth on the data and systems side at a point when the protocol's technical roadmap is at its most complex.
Sources
Sei Labs publishes Sei Giga whitepaper, Sei Blog
Sei Labs releases Giga roadmap, Business Wire
FlatKV Clears 200,000 TPS in Internal Testing@Sei_Labs has published benchmark results showing its new FlatKV storage engine averaged 205,913 transactions per second across a 24-hour test window. That figure stands 13.7 times above the roughly 15,000 TPS recorded by @SeiNetwork's current MemIAVL store under the same conditions, according to the team.
FlatKV is part of Eidos, the storage component of Sei's broader Giga upgrade program. Eidos is set to replace the existing structure for EVM state with FlatKV, a flat key-value storage system where an individual state change requires a single write. Verification will be handled using LtHash, or lattice hashing, which maintains a running fingerprint of the state. Under the design described by Sei, LtHash can update that fingerprint in constant time when state changes, removing the need to recalculate a path of hashes through a Merkle tree.
Where Giga Stands on Mainnet The first phase of Eidos reached Sei mainnet with the v6.6 release in August 2026, with EVM state beginning to move into its own dedicated database. That initial release also shipped a rebuilt pruning path, reducing a cleanup pass that used to take 8 to 18 minutes down to about five, and keeping nodes within 60 blocks of the chain tip.
The larger components of Eidos, including FlatKV with its lattice hash, the LittDB-backed receipt store, and the off-node archive, will arrive in subsequent releases. @Sei_Labs has the new store slated for a later release, where it replaces the Merkle tree for EVM state.
The upgrade is the storage component of a three-part architecture overhaul that also includes Autobahn for consensus and Ares for transaction execution. Sei Labs released its Giga whitepaper with a design targeting 200,000 transactions per second, 5 gigagas of throughput, and finality below 400 milliseconds. The migration is designed to run while Sei remains online, with existing and new storage systems operating alongside each other.
Sei's internal testing has demonstrated more than 200,000 TPS under controlled conditions, though those results do not represent sustained mainnet performance. The FlatKV benchmark adds further weight to the storage case, but the full Giga stack, including the Autobahn consensus layer, has yet to reach mainnet.
Sources
Sei Labs: The Eidos Upgrade, Sei Official Blog
Sei starts phased Eidos upgrade to prepare network for 200,000 TPS, Crypto News
Ares and Eidos: The first components of the Giga Upgrade, Sei Official Blog
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From Pilot to Production@Mastercard and @SeiNetwork have published a joint report titled "The Foundations of Institutional Blockchain," offering a practical framework for banks and asset managers looking to move blockchain technology from experimental pilot programmes into full production. The report draws on over 40 interviews with senior figures across financial services and arrives at a clear central finding: technology is no longer the obstacle to institutional adoption.
The numbers behind that conclusion are striking. Large blockchain networks now process around 3,400 transactions per second, roughly 100 times the throughput recorded in 2019. Approximately $27 billion worth of bonds, funds, deposits, and other assets have already been tokenized, reflecting how quickly real-world asset infrastructure has matured.
Mastercard's Crypto Partner Program is an industry collaboration platform that connects select blockchain and digital asset firms with the company's payment infrastructure. For Sei, this means access to Mastercard's network of financial institutions, technology partners, and regulatory expertise, with the goal of exploring how Sei's high-speed blockchain can support payment flows, cross-border remittances, and settlement systems that meet traditional financial standards.
BlackRock Sets the BenchmarkThe report points to @BlackRock's tokenized treasury fund as a bellwether for institutional appetite. The fund crossed $2.5 billion in assets under management in May, underlining that demand for on-chain financial products is no longer hypothetical. BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), a tokenized money market fund launched in March 2024 with Securitize as transfer agent, held approximately $2.5 billion in assets under management across six chains as of May 2026, making it one of the two largest tokenized US Treasury products in the market.
Several globally systemically important banks have already piloted tokenized commercial paper and short-term repo facilities. McKinsey and Company projected in June 2024 that the market capitalization of tokenized real-world assets could reach approximately $2 trillion by 2030.
The Mastercard and Sei report is positioned as a practical playbook for financial institutions evaluating blockchain infrastructure, offering decision-making criteria grounded in live market data rather than theoretical projections. For an industry that has spent years circling blockchain pilots, the message is straightforward: the infrastructure is ready, and the question is now one of execution.
Sources:
CryptoRank: Sei Joins Mastercard Crypto Partner Program
CoinDesk: BlackRock Deepens Tokenization Push With New Onchain Fund Offerings
Markets Media: BlackRock Fires Starting Gun for a New Financial Era
New data from blockchain analytics platform ChainSpect shows @SeiNetwork has taken the top spot for daily active transaction growth, recording a 37% increase in transaction volume. @KeetaNetwork Mainnet ranks second with 21% growth, while @Avax comes in third with 15%.
Sei Extends Its On-Chain MomentumThe ranking adds to a run of strong on-chain readings for Sei. By late 2025, address activity had climbed further,
The network's throughput ambitions are also scaling up. On the distribution side,
Keeta and Avalanche Round Out the Top Three@KeetaNetwork Mainnet's second-place finish at 21% growth signals rising traction for the newer network. @Avax, one of the more established layer-1 platforms, rounds out the top three with 15% growth in daily active transactions.
The rankings highlight a broader competitive dynamic in the layer-1 space, where networks are increasingly judged not just on theoretical throughput but on sustained, measurable on-chain activity.
Sources:
ChainSpect Blockchain TPS and Activity Rankings
Blockchain.news: Sei Hits 5 Billion Transactions as Daily Active Users Surge
Sei Network Eyes Mass Adoption in 2026 via Infrastructure Upgrades
@SeiNetwork has begun rolling out Eidos, the storage track of its broader Giga upgrade, with the first phase already live on mainnet. The overarching goal is ambitious: At the top of that target sits a throughput figure of 200,000 transactions per second.
Phase One: Separating EVM History Before this change, The separation removes that bottleneck.
The pruning improvements are already measurable. Node stability has also improved:
All three tracks are being rolled out in stages, with the chain continuing to produce blocks throughout.
What FlatKV and Lattice Hashing Change Most blockchains verify state using a Merkle tree, a structure where a single change forces the recomputation of every hash above it in the tree.
In practical terms, This design keeps verification costs flat even as the chain grows.
Sources:
Sei Labs: The Eidos Upgrade (Official Blog)
crypto.news: Sei starts phased Eidos upgrade to prepare network for 200,000 TPS
Sei Labs: Ares and Eidos, the first components of the Giga Upgrade, will go live in Sei 6.6
DEX Volume Surges More Than 4x in a Single Day@SeiNetwork posted one of its sharpest single-day volume moves in recent memory on August 19, with on-chain DEX volume jumping from $3.9M to $16.24M, a rise of 316.57%. Crucially, this was not a low-base distortion: trading activity was already meaningful on August 18, making the scale of the move harder to dismiss as noise.
$SEI has also responded on the price side, gaining around 7% in the 24 hours to August 20 to trade at approximately $0.0418. The live Sei price today sits at roughly $0.041 with a 24-hour trading volume of over $31 million, according to CoinMarketCap.
The shorter-term trend in DEX activity is turning constructive. While volume is still down 11.07% over the past 30 days, it has recovered 5.27% in the last seven days, pointing to a short-term breakout rather than a sustained structural recovery. User activity has also picked up, with active users spiking to 3,111 on August 14.
Context: A Network Working Through a Difficult YearThe August bounce comes against a backdrop of broader network challenges in 2026. On-chain analysis of Sei Network this year has revealed a severe decline in user engagement across core metrics, with daily active addresses falling from a peak of nearly 2 million in March 2026 to fewer than 5,000 by late June. Daily transactions cascaded from 3 million to under 25,000 over the same period, pulling throughput from a February high of 38 transactions per second down to just 1 TPS in June.
However, the network is not standing still on the technical side. Sei is currently undergoing its most ambitious overhaul yet with the Sei Giga upgrade, which aims to support over 200,000 transactions per second with sub-400ms finality through a new consensus mechanism called Autobahn. Sei is also transitioning to a fully EVM-only environment in 2026 via the SIP-3 upgrade, using a parallel execution engine that processes multiple independent transactions simultaneously.
Sei was originally designed to enhance the functionality and performance of decentralized exchanges, and is recognized as the first sector-specific Layer 1 blockchain focused on optimizing trading processes. Whether this week's volume burst marks the beginning of a broader re-engagement or a temporary spike remains to be seen, but it gives the network a rare positive data point in an otherwise difficult stretch.
Sources:
Sei (SEI) Price and Market Data, CoinMarketCap
Sei Network On-Chain Analysis 2026, Coinpedia
What Is the Sei Network, Ledger Academy
Sei has begun rolling out its Eidos storage upgrade, rebuilding how the layer-1 network stores and verifies on-chain data as its Giga roadmap targets throughput of 200,000 transactions per second.
Summary
Sei has begun the phased rollout of Eidos through its v6.6 mainnet upgrade. Eidos is rebuilding the network’s storage architecture as Giga targets 200,000 TPS. EVM state is being separated into a dedicated database, while FlatKV and LtHash are planned for later stages. The migration is designed to run while Sei remains online, with existing and new storage systems operating alongside each other. Sei said in an Aug. 12 technical update that Eidos is designed to remove storage constraints that could prevent the network’s execution layer from operating at the speeds planned under Giga. The upgrade is the storage component of a three-part architecture overhaul that also includes Autobahn for consensus and Ares for transaction execution.
The first Eidos components have already reached mainnet through Sei v6.6, though the full storage system is being introduced in stages. EVM state has started moving into a dedicated database, while FlatKV, LtHash, new receipt storage and off-node archival systems are scheduled for subsequent releases.
Sei Eidos upgrade changes how state is stored At the center of Eidos is a change to the way Sei plans to maintain and verify Ethereum Virtual Machine state.
Sei said traditional Merkle trees require nodes to recalculate multiple hashes when a value changes because each update alters the chain of hashes leading to the tree’s root. As the amount of stored data increases, individual state changes can therefore require additional database work.
Eidos is set to replace that structure for EVM state with FlatKV, a flat key-value storage system where an individual state change requires a single write. Verification will be handled using LtHash, or lattice hashing, which maintains a running fingerprint of the state.
Under the design described by Sei, LtHash can update that fingerprint in constant time when state changes. Instead of recalculating a path of hashes through a Merkle tree, a node removes the contribution of the old value and adds the new one, leaving the amount of work per update unchanged as the state expands.
The technical change is tied directly to the performance targets outlined for Giga. As crypto.news reported in May 2025, Sei Labs released its Giga whitepaper with a design targeting 200,000 transactions per second, 5 gigagas of throughput and finality below 400 milliseconds.
At that throughput, Sei said the network would also have to write hundreds of thousands of database entries every second. Faster transaction execution would therefore provide limited benefit if the storage layer could not process state changes and transaction history at a comparable rate.
EVM data is moving into a separate database Another part of Eidos separates EVM state from other data handled by Sei nodes.
Before the change, Sei said EVM state shared a database with other information on the chain. The new architecture gives EVM state its own dedicated store, preventing historical queries from competing directly with live transaction processing and reducing database work imposed on non-EVM modules.
The split started reaching mainnet in the v6.6 release during August. Sei also introduced a rebuilt pruning path for removing data that nodes no longer need to keep in active storage.
According to the network, the pruning changes reduced one cleanup process from between eight and 18 minutes to roughly five minutes during testing and operation. Nodes that could previously fall hundreds of blocks behind the chain tip remained within about 60 blocks after the change, Sei said.
Blocks and transaction receipts are also being assigned a separate storage engine called LittDB. Sei described blocks and receipts as data that is written once, repeatedly read, and eventually archived, making their storage requirements different from frequently updated account and contract state.
Internal benchmarks cited by Sei put LittDB write throughput above one gigabyte per second while handling about 55,000 point reads per second. A new receipt store sustained more than 150,000 writes per second during multi-hour benchmark tests that included garbage collection. Sei cautioned that the figure measures the storage engine and should not be treated as blockchain transaction throughput.
Older history will move away from active nodes Eidos also changes how much historical information individual nodes are expected to keep locally.
Sei said frequently accessed state and recent chain history will remain on fast local storage, while older historical records will move to archival systems built for capacity. Explorers, indexers and users auditing historical transactions will still be able to retrieve the archived information, according to the network.
Reducing the amount of old data kept on active nodes is intended to prevent historical queries from consuming resources needed for current transactions. Sei said rising storage requirements can otherwise force operators to use faster and more expensive hardware as network throughput increases.
The infrastructure work follows earlier efforts to increase access to Sei’s EVM ecosystem. MetaMask added native Sei support in August 2025, allowing users to access Sei-based applications, swap assets and bridge tokens directly through the wallet. At the time, Sei was processing more than 4.2 million daily transactions and had more than 11 million monthly active users, according to figures cited in the report.
A separate distribution agreement announced in December 2025 called for Xiaomi to pre-install a Sei wallet on new smartphones sold outside mainland China and the United States. The companies also planned support for stablecoin payments using assets such as USDC, with initial payment deployments planned for Hong Kong and the European Union.
Eidos migration runs while Sei remains online For node operators, Sei is carrying out the storage migration without stopping the blockchain.
The network said existing and replacement storage systems will operate alongside one another while data moves in batches from block to block. The rollout is controlled through governance and has been designed with a rollback process if problems emerge.
Ahead of deployment, shadow nodes replayed mainnet traffic against the new storage systems while integrity hashes were continuously checked, according to Sei. Testing showed block times remained largely unchanged while migration processes operated in the background.
Eidos is the third storage rebuild undertaken by Sei. The network previously replaced its original Cosmos storage architecture with SeiDB, followed by the state-store separation now being introduced on mainnet. FlatKV, LittDB and the off-node archival system will form the next stage as they arrive through later releases.
Users and application developers do not need to take action during the migration, according to Sei, with balances, smart contracts, historical records and existing RPC endpoints remaining available. Node operators have been given a migration guide covering configuration flags and the documented rollback process for the new storage system.
Sei Network's Giga upgrade is not a single software patch. It is a full architectural overhaul of three core parts of the blockchain: consensus, execution and storage, each rebuilt in parallel with the network continuing to run.
Three Tracks, One Goal Giga is structured around three upgrade tracks. The first is consensus, where a protocol called Autobahn replaces the single-proposer model.
The second track is execution, handled by the Ares upgrade.
The third track is storage, which is where Eidos comes in. Every transaction processed by a blockchain must be recorded. If the database cannot write data as fast as the network executes transactions, raw throughput gains become meaningless.
Why Storage Is the Hard Part
Eidos also separates live EVM state from other blockchain data entirely. Separately, LittDB-backed storage handles blocks and receipts. These records are written once but queried repeatedly, making them a distinct workload from constantly changing chain state. Older historical data will eventually migrate off active nodes into archival storage.
Crucially, the migration itself is designed to avoid downtime. Instead of halting the network and replacing the entire database at once, Eidos is built to migrate storage while Sei continues producing blocks, with the old and new systems running side by side, data moved in batches and integrity checks run throughout.
The pruning fix that shipped alongside Eidos is already measurable for operators, reducing a cleanup pass that used to take 8 to 18 minutes down to about five, and keeping nodes within 60 blocks of the chain tip where they used to drift hundreds behind.
The larger parts of Eidos, including FlatKV with its lattice hash, the LittDB-backed receipt store and off-node archival storage, will arrive in subsequent releases.
Reaching that speed requires more than a faster transaction engine. It requires a storage system capable of keeping up. That is what Eidos is trying to build.
Sources:
Sei Labs: The Eidos Upgrade, official blog
Sei Labs: Ares and Eidos go live in Sei 6.6, official blog
Crypto Briefing: Sei unveils Giga upgrade roadmap
TL;DR: Every blockchain node has two jobs: compute what happens next on the chain, and store what has already happened. Storage is a critical bottleneck for all blockchains as they attempt to scale. If storage can't keep pace with the rate at which new transactions are executing, huge problems can occur. Eidos is the upgrade that will take Sei’s storage layer to Giga speed.
What is Sei's Giga Upgrade?Giga is the series of upgrades designed to dramatically improve the Sei blockchain, making it much faster and giving it next-generation features, to make it the optimal onchain environment for trading.
Giga is composed of three tracks of upgrades, one for each layer of the chain. A series of consensus upgrades, beginning with Autobahn, will rebuild how validators agree on what’s true. The Ares Upgrade rebuilds execution, the part that actually runs transactions. Eidos rebuilds storage, the critical part of the chain that stores all the transactions that have happened and allows users and apps to query this data.
Every transaction that a blockchain executes has to be written down, and if the notebook can’t keep up with the pen, the pen’s speed is irrelevant. A chain that executes at 5 gigagas per second while writing to a database designed for an earlier era is a sports car on bicycle wheels.
Eidos exists to fix that. It introduces a new database structure, and implements it onto the chain live, while the blockchain keeps running.
Understanding blockchain storageA blockchain stores multiple things. First, the live state of the network: every account balance, every deployed contract, every value those contracts keep in their storage. Secondly, the historical state: every block ever produced, every transaction inside those blocks, and every receipt recording what each transaction did.
This storage is essential for every aspect of using a blockchain. When you check a balance in your wallet, a node looks it up in state. When a trading app draws a price chart or a block explorer shows last week’s transfers, nodes are reading history.
Each transaction changes some state and appends to history, so a chain processing 200,000 transactions per second is also writing hundreds of thousands of database entries per second, every second, forever.
When a blockchain’s storage can’t keep pace with execution, often the only way to survive is to throw money at the problem. Larger, faster, and more expensive disks can compensate for a slow data layer. But as throughput grows and hardware requirements rise, the cost of running a node swells until most operators can’t afford to run them. Queries about last month slow down the processing of live transactions. Eventually the execution layer, however fast, sits idle waiting for the database to catch up.
Why Sei Giga needs better data validationA blockchain database can’t just store data; it has to be able to verify the data hasn’t been tampered with. The classic tool for this is a Merkle tree: every piece of state gets hashed, hashes get paired and hashed again, and again, until a single root hash fingerprints the entire state of the chain. Anyone can check a value against that root and know it’s genuine.
Because the values are chained together in a tree, updating one account means recomputing every hash on the path from that account up to the root, and each of those recomputations is another disk write. Even worse, the more data stored by the chain, the more expensive each individual update becomes. Because of this, at 200,000 TPS, Merkle trees stop being feasible.
Eidos retires the Merkle tree for Sei’s EVM state. Its replacement, a store called FlatKV, keeps state in a flat key-value layout where one change is one write. A lattice hash (LtHash) maintains a running fingerprint of the entire state that updates in constant time per change, without cascading recomputation. The network keeps its ability to verify everything.
Instead of arranging every value in a tree and hashing a path to the top, the node keeps one fingerprint that individual changes can be added to or subtracted from directly. Update a balance and the node subtracts the old value’s contribution and adds the new one, a fixed amount of work no matter how large the state grows.
What else changes under the hoodRemoving the Merkle tree is the core architectural move, but Eidos is a rebuild of the whole storage stack.
Live state gets its own databaseToday, EVM state shares a single database with everything else on the chain. Under Eidos it moves into its own dedicated store. Reads of history stop competing with live transaction processing, and the chain’s non-EVM modules stop paying write costs for EVM data they never touch. The EVM state split began rolling out in v6.6.
Each workload gets the right engineEvery transaction onchain produces a receipt: a record of what happened, what it cost, and which events it emitted. Each time a wallet shows the confirmation checkmark, an app verifies your swap landed, or a dashboard tallies yesterday’s volume, something is reading receipts. At Giga’s target throughput, Sei would produce 200,000 of them per second.
Blocks and receipts have a peculiar shape as data: written once, never updated, read constantly, and eventually archived. Sei’s new block and receipt stores run on LittDB, an open-source embedded database originally developed by a Sei Labs engineer for exactly this write-once pattern, now integrated into Sei’s node software. LittDB has been clocked at over a gigabyte per second of write throughput while serving roughly 55,000 point reads per second at the same time, and the new receipt store sustained more than 150,000 writes per second, flat, across multi-hour benchmark runs that included garbage collection. That number is a benchmark of the storage engine itself, not a chain TPS figure, so it isn’t comparable to Giga’s 200,000 TPS target.
Old history leaves the nodeWhile the state and recent history a node actually touches stay local, on the fastest storage, older history moves off the node entirely, into archival storage built for capacity rather than speed. Full history stays available to anyone who asks: explorers, indexers, and anyone auditing the chain’s past read from the archive, while the nodes doing real-time work carry only what real-time work needs.
Upgrading storage while the chain stays liveSei already has a live database which holds the entire live state of the network, and the chain on top of it produces a block roughly every 400 milliseconds, around the clock.
The easiest option would be to halt the chain, snapshot everything, migrate, and relaunch. Or ask every node operator to throw away their data and rebuild from scratch. Both approaches are common, and respected networks have used them.
Eidos takes the harder route: the migration runs inside the node while the chain keeps producing blocks. Data moves across in small batches, block by block, with the old and new stores running side by side until the new one has proven itself, and the whole rollout is switched on by governance and reversible by design. It’s also checked at every step: shadow nodes replayed real mainnet traffic against the new stores before rollout, integrity hashes are audited continuously, and in testing, block times stayed essentially unchanged while the migration ran underneath.
The first phase of Eidos reached Sei mainnet with the v6.6 release in August 2026. EVM state began moving into its own database, and a rebuilt pruning path shipped alongside it. That pruning fix is already measurable for operators, reducing a cleanup pass that used to take 8 to 18 minutes down to about five, and keeping nodes within 60 blocks of the chain tip where they used to drift hundreds behind. The larger parts of the Eidos upgrade, such as FlatKV with its lattice hash, the LittDB-backed receipt store, the off-node archive, will arrive in subsequent releases.
What users need to knowUsers and app developers don't have to take any actions. Balances, contracts, and history carry over untouched. Existing RPC endpoints can be used as normal.
If you run a node, the migration guide for RPC operators is already public in the sei-chain repository, with the config flags and the rollback path documented. Longer-term, node operators will be able to run leaner machines. This has long term benefits for the chain, as it will become cheaper to become a Sei node operator.
The third rebuildEidos is the third time Sei has rebuilt its storage layer, and every rebuild has shipped into a network that was already live. SeiDB replaced the original Cosmos storage stack. The state-store split now on mainnet carved EVM data out into its own database. FlatKV, LittDB, and the off-node archive are the third generation, arriving phase by phase.
Giga’s target is 200,000 transactions per second. Eidos will make sure that Sei's storage smoothly keeps pace.
Disclaimer: The roadmap is subject to change based on development progress, market feedback, and other factors. Actual timelines, figures, and outcomes may vary.
SourcesVetted storage-team 1-pager: https://docs.google.com/document/d/1d7rD-KpryLcJ_sqIBLXLDoRV5C-YiK3iyUFoIseRN9k/Public migration guide: https://github.com/sei-protocol/sei-chain/blob/main/docs/migration/giga_store_migration.mdGiga roadmap: https://giga.seilabs.ioSpecs and node docs: https://docs.sei.io/learn/sei-giga-specs and https://docs.sei.io/node/node-operatorsJul 31 announcement post: https://blog.sei.io/ares-and-eidos-the-first-components-of-the-giga-upgrade-will-go-live-in-sei-6-6/LittDB source and license attribution: sei-chain/sei-db/db_engine/litt (originally EigenDA)
Round-the-Clock Equity Data Comes to Sei@Chainlink U.S. Equities Streams are now live on @SeiNetwork, delivering institutional-grade price data for the $80 trillion global stock market to a blockchain environment that never closes. Chainlink Data Streams has been integrated into Sei Network as its preferred oracle solution, bringing low-latency, high-frequency market data to power real-time DeFi and trading applications.
The practical effect is significant. Decentralized venues on Sei can now bypass the opening and closing hours of legacy exchanges, settling tokenized equity positions around the clock with sub-second finality. Sei, a layer-1 blockchain featuring EVM compatibility and parallelized execution, will use Chainlink Data Streams for sub-second price latency, high data accuracy, and liquidity-weighted bid-ask spreads.
Chainlink has launched Data Streams for major U.S. equities and ETFs including SPY, CRCL, QQQ, NVDA, AAPL, and MSFT, with additional markets and asset classes on the horizon. The infrastructure has helped enable more than $25 trillion in on-chain transaction volume for leading DeFi applications.
Monaco Trading Builds High-Frequency Equity Markets on $SEI@MonacoTrading is among the first protocols to put these $LINK-powered streams to work, using them to build high-frequency markets for primary stock tickers directly on the $SEI execution layer. Monaco is the high-frequency trading layer designed to establish a decentralized Wall Street on the Sei network. The protocol achieves microsecond execution coupled with Sei's 400-millisecond settlement, a 200,000x improvement over traditional T+1 settlement cycles.
Chainlink U.S. Equities Streams are already being leveraged by other top protocols, including Lighter, BitMEX, ApeX, HelloTrade, Decibel, Opinion Labs, and Orderly Network. The arrival of the streams on Sei broadens that ecosystem further, giving builders on the network access to the same pricing infrastructure used by established derivatives venues.
Chainlink's recent partnership with the U.S. Department of Commerce will also bring Bureau of Economic Analysis data on-chain to Sei Network, including Real GDP, PCE Price Index, and domestic purchasing metrics. That layer of macroeconomic data, combined with live equity feeds, positions Sei as one of the more comprehensively wired blockchains for finance-focused applications.
Sources:
Chainlink Data Streams Launches on Sei as Preferred Oracle Infrastructure (Sei Blog)
Chainlink Launches 24/5 U.S. Equities Streams (Chainlink Blog)
Monaco Launches Wall Street-Grade Trading Infrastructure on Sei (PR Newswire)
Sei (@SeiNetwork) v6.6 is live as of block 224,201,091, making it the network's largest upgrade since EVM support launched in May 2024. The release bundles nearly 400 pull requests and, more significantly, marks the first time Sei Giga components have touched mainnet.
Ares and Eidos: The First Giga Components Go Live The two headline changes in v6.6 each target a different layer of the stack. The release introduces the first pieces of two of the three major Giga upgrades: Eidos, a new storage layer that will begin moving the chain's history into its own database, and Ares, a rebuilt execution engine that will become the default path for running transactions.
Ares is now the default execution path on every upgraded node, and according to @Sei_Labs it delivers roughly 10x the throughput of the previous setup. With v6.6, Giga stops being a roadmap and starts being something running on mainnet: Eidos has begun moving history into storage built for scale, and Ares is now the default execution path.
The Eidos change addresses a structural inefficiency that has been present since EVM support arrived. Until now, Sei's EVM history and Cosmos state have shared the same database, meaning history reads compete with live activity and modules unrelated to the EVM still pay write costs for EVM data. Eidos separates them. EVM history will move into its own dedicated database, so reading old history stops competing with transactions happening in real time.
Security Patches and Validator Improvements Beyond the Giga components, v6.6 patches more than 30 security issues spanning denial-of-service exposure and supply-chain hardening. Validator operations also get practical improvements, including faster pruning and retuned consensus timing to smooth out day-to-day operations.
Both Ares and Eidos are only the first step and will continue across future releases. v6.6 is a large release, with many fixes unrelated to Sei Giga. The third pillar of the Giga programme, a new Autobahn consensus mechanism, is not included in this release. Consensus, the third major part of the Giga upgrade, will only go live later.
The longer-term ambitions remain substantial. The full Giga upgrade targets over 200,000 transactions per second and sub-400 millisecond finality through the new Autobahn consensus mechanism and asynchronous parallel execution. Those figures remain forward-looking benchmarks rather than live metrics, but v6.6 represents the first concrete step toward them on a live network.
$SEI holders have been following Giga's progress since it was first outlined in late 2024, and the mainnet rollout is now underway in earnest.
Sources:
Sei Labs Blog: Ares and Eidos, the first components of the Giga Upgrade, will go live in Sei 6.6
Sei Docs: Sei Giga Overview
Crypto Briefing: Sei unveils Giga upgrade roadmap, targets 200,000 TPS and 400ms finality
Sei Network Prepares to Launch Tokenized U.S. Equity Trading@SeiNetwork is gearing up to integrate @DinariGlobal, a move that would bring the first self-custodial U.S. equity portfolio to the high-speed Layer 1 blockchain. The upcoming launch is set to give investors access to 724 tokenized stocks, including every company in the S&P 500, settled directly in @Circle's $USDC.
Dinari's dShares platform enables tokenized U.S. stocks and ETFs that preserve the rights and protections of traditional securities, including guaranteed redemption at the National Best Bid and Offer, cash dividends, and automated corporate actions. As an SEC-registered transfer agent, Dinari has built infrastructure that enables broker-dealers, exchanges, fintechs, and other regulated financial institutions to issue, custody, trade, and service tokenized securities within the existing regulatory framework.
The integration bridges what proponents describe as the $75 trillion U.S. stock market with Sei's high-performance infrastructure. Sei offers sub-400ms finality, a parallelized EVM, and a modular architecture that supports continuous optimization. That speed makes T+0 settlement and 24/7 liquidity operationally viable for both domestic and international participants, something traditional equity markets, which close on weekends and settle on a T+1 cycle, have long been unable to offer.
A Broader Push to Put U.S. Equities OnchainThe Sei integration is part of a broader expansion by Dinari across multiple blockchain environments. Bitcoin.com announced a partnership with Dinari in May 2026 to offer tokenized U.S. equities to its ecosystem, giving users of the Bitcoin.com Wallet access to over 300 tokenized U.S. equities and ETFs. Dinari and tZERO also joined forces to create a turnkey platform for tokenized U.S. equities for broker-dealers, packaging issuance, trading, custody, settlement, and shareholder servicing into one regulated framework.
On August 4, 2026, Dinari announced the expansion of its U.S. operations to financial institutions via its broker-dealer subsidiary Dinari Securities LLC, allowing broker-dealers, banks, fintechs, and wealth platforms to offer tokenized securities products and services to both retail and institutional customers.
The regulatory backdrop is also shifting in Dinari's favor. Dinari recently joined the Blockchain Association, the leading trade association representing the digital asset industry in Washington, D.C., to contribute its expertise as policymakers continue shaping the future of tokenized securities. The Sei Network integration, once live, would represent one of the most direct on-ramps yet for crypto-native investors seeking exposure to mainstream U.S. equities without leaving self-custody.
Sources:
Dinari Joins Blockchain Association to Advance Tokenized Securities Policy - Chainwire
Dinari and tZERO Join Forces on Tokenized U.S. Equities Platform - CoinDesk
Bitcoin.com Partners with Dinari to Bring Tokenized U.S. Equities to a Global Audience - GlobeNewswire
TL;DR: the proposal for Sei 6.6 is live, and it will be the release where Sei Giga starts touching mainnet. 6.6 will introduce the first pieces of two of the three major Giga upgrades: Eidos, a new storage layer that will begin moving the chain’s history into its own database, and Ares, a rebuilt execution engine that will become the default path for running transactions.
What the two upgrades actually areA blockchain has three key components. It agrees on the order of transactions (consensus), it runs them (execution), and it keeps a permanent record of everything it has ever done (storage). Sei 6.6 is where two of those three jobs will start becoming their Giga versions.
Eidos will upgrade Sei’s storage layer, and Ares will upgrade Sei’s execution client to the Giga executor. Both need to keep pace with the 200,000 TPS that Sei Giga is targeting.
These upgrades will begin in 6.6 and continue in future releases. Consensus, the third major part of the Giga Upgrade, will only go live later.
How Eidos changes storageEidos will begin moving the chain’s history out of a shared database and into one built for the job. In 6.6, the historical state migration will start.
Until now, Sei’s EVM history and Cosmos state have lived in the same database. That means history reads compete with live activity, and modules that have nothing to do with the EVM still pay write costs for EVM data.
Eidos will separate them. EVM history will move into its own dedicated database, so reading old history stops competing with the transactions happening right now, and non-EVM parts of the chain stop carrying the write cost of EVM data they never touch.
How Ares changes executionAres is a rebuilt execution client, and in 6.6 it will become the default execution path on mainnet. Every upgraded node will run it unless it opts out.
Ares is a different design from what came before. Where the old v2 engine used a Go-native path, Ares is built on an EVMC backend with evmone as the interpreter, and it runs its own state and cache stack.
The old engine will keep two roles.
First, it will act as a per-transaction fallback. When Ares hits something it can’t handle cleanly, that single transaction will rerun on the v2 engine instead of the new engine guessing at the result. Nothing gets dropped or approximated. The fallback catches the edge case and the block moves on.
Second, a full v2 node will run on every network as a live reference. It will process the same blocks as the new engine and compare results block by block. If the two ever disagree, it will page the on-call team. That means a mismatch between the old and new execution paths becomes an alert a human sees, not a silent divergence that surfaces later as a bug.
What comes next6.6 will be the release where Giga stops being a roadmap and starts being something running on mainnet. Eidos will have begun moving history into storage built for scale, and Ares will be the default execution path. Both are only the first step, and both continue across the releases that follow.
6.6 is a massive release, with many fixes that are unrelated to Sei Giga. The full list is in the 6.6 proposal.
Sei Labs Tables Quantum-Security Upgrade@SeiNetwork has put forward SIP-5, a governance proposal that would give $SEI holders the option to upgrade their account security to a post-quantum cryptography (PQC) standard. The proposal is designed to be additive rather than disruptive: users would keep their existing addresses and balances while layering on a new quantum-resistant key, with no obligation to act until quantum computing presents a credible real-world threat.
The move positions Sei as one of the first high-throughput layer-1 networks to formally address the long-term risk that quantum hardware poses to public-key cryptography. Quantum computers pose a significant threat to blockchain technology's security, which heavily relies on public-key cryptography. The cryptographic algorithms used in blockchains, based on large prime numbers and discrete logarithms, can be compromised by quantum computing algorithms such as Shor's algorithm. By embedding an upgrade path at the protocol level now, Sei aims to give users a clear migration route well before that risk becomes acute.
A Pragmatic, Opt-In ApproachWhat makes SIP-5 notable is its user-friendly framing. Rather than forcing a network-wide migration, the proposal allows accounts to opt in on their own schedule, preserving backwards compatibility. Pure quantum-resistant deployments remain rare, and hybrid approaches combining classical and post-quantum algorithms are expected to dominate near-term implementations. This pragmatic strategy provides defence-in-depth while allowing organisations to maintain operations with current and legacy systems. SIP-5 follows a similar logic, letting users hold both key types in parallel.
Post-quantum cryptography uses much larger signatures and higher verification costs, which can strain high-throughput blockchains. Sei contributors say the network's design is well suited to approaches like proof batching and recursive verification. Rather than viewing quantum resistance as a simple key swap, Sei is treating it as a broader systems challenge that must work alongside extreme performance.
The wider crypto industry is watching the quantum threat closely. NIST finalised three post-quantum cryptographic standards in August 2024, and any blockchain project that has not begun a post-quantum cryptography assessment as of 2026 is operating outside the bounds of responsible security practice. SIP-5 signals that Sei intends to be ahead of that curve rather than behind it.
No timeline for a vote or implementation has been confirmed at the time of writing. The proposal remains open for community discussion.
Sources:
Bitget News: Sei Network Nears Giga Upgrade as SIP-3 Enters Final Phase
Yellow Research: Post-Quantum Cryptography and Blockchain 2026
ScienceDirect: Navigating the Quantum Computing Threat Landscape for Blockchains
TL;DR: Sei Labs has shared a new proposal, SIP-5, that lays out how existing accounts can stay safe once quantum computers are powerful enough to break today’s cryptography. The plan lets users keep current addresses and balances, allowing you to add a quantum-resistant key when you are ready, and does it all well before any real threat exists.
What is SIP-5Every EVM blockchain today rests on the same kind of cryptography. It works because the math behind it is impossible for classical computers to reverse. A powerful enough quantum computer would change that. In theory, it could take a public key that has already been seen onchain and work backward to the private key that controls the account.
That machine does not exist yet, but many experts believe the timeline for one is accelerating. The point of SIP-5 is to introduce a solution well before a threat exists.
SIP-5 is Sei Lab’s proposed path for upgrading existing accounts to quantum-resistant security without breaking anything people already rely on. It is a proposal, shared openly, so the ecosystem can look at it and decide together how to move forward.
Why this is the right time to talk about itQuantum computers capable of breaking today’s signatures are not here. Waiting until the threat is imminent, however, means designing the fix under pressure. Rushing such an upgrade could introduce many implementation risks.
SIP-5 takes the opposite stance. It proposes adding the quantum-resistant option far in advance, so the solution is in place well before the threat exists. And, if the timeline moves faster than anyone expects, the network is already prepared.
What it would mean for account holders on SeiYour address will stay the same. Your balance will stay the same, as will your transaction history, approvals, and the contracts you interact with. SIP-5 is built specifically to avoid forcing users to abandon their old accounts.
Under SIP-5, when you are ready, you attach a new quantum-resistant key to your existing account. From that point on, the account would be protected by the new key. Under the proposal, you would also choose your own pace. You can move early if you want the extra security sooner, or you can wait.
The real trade-offsThis approach has two trade-offs, which is why Sei Labs is not proposing it as something to immediately be implemented.
The first is that there is a future cutoff point, set by governance if and when the plan is adopted, after which an account can only continue to send transactions if it has already added its quantum-resistant key.
An account that never adds one would still be able to receive funds, but it would no longer be able to send. That is the practical reason the option is being introduced so far ahead of time. The window to prepare is meant to be long and unhurried, which is only possible if the conversation starts now.
The second trade-off is that upgrading to post-quantum signatures will slow the performance of every EVM blockchain. Today’s post-quantum signature schemes are many times larger than existing signature schemes. That means bigger messages to broadcast across the network, so fewer can be sent at once.
To solve for these tradeoffs Sei Labs is simultaneously proposing the emergency solution that SIP-5 provides, and beginning work on finding an even better solution through new, high-performance post-quantum cryptography.
Where this fitsSIP-5 is a proposal and it is written that way on purpose. It defines the minimum needed to keep accounts working across a quantum transition and leaves the bigger governance decisions for the moment they actually become relevant. Wallets, explorers, and other tooling would need time to add support, and the proposal calls for that groundwork to be in place before any cutoff is ever set.
A network built for modern trading has to plan for long term threats that are not immediate today. SIP-5 is what that looks like in practice.
Read the full proposal here: https://github.com/sei-protocol/sips/blob/main/sips/sip-5.md
Join the latest Boost event with 2.1M+ SEI tokens up for grabs, sponsored by SEI.
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The latest Boost event is sponsored by SEI and features ~$100,000 (2.1M+ ~SEI tokens) in rewards, as of July 15, 2026. The event starts Thursday, July 16, 2026, but you can preview the event now on the Binance.US app and website.
Click here to explore the event on the Binance.US app and add USDC, XRP, or Dogecoin (DOGE) to earn your share of rewards.
SEI is the native token of the Sei network, the global settlement layer for digital asset markets that merges Ethereum’s network effects with Solana’s performance.
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Join early: Boost rewards favor early participation. The sooner you add crypto to a Boost event, the more time it has to earn, giving you a larger potential share of rewards.Add more crypto: The more crypto you add, the greater your share of the total rewards. Participate with confidence knowing you’ll always get back the crypto you put inStay flexible: Add or remove crypto anytime. Use this flexibility to manage your participation: keep your assets in longer to maximize rewards, or withdraw when you need quick access. Either way, your funds always remain yours.Refer to our FAQ and Boost Terms for more details.
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Sponsor: SEITotal rewards: 2.1M+ SEI tokens.Contributory assets: BTC, USDT, and USDCStart time: Thursday, July 16, 2026 at 9 a.m. PT / 12 p.m. ET SEI is the native token of the Sei network, the global settlement layer for digital asset markets that merges Ethereum’s network effects with Solana’s performance.
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Visit Boost on the Binance.US website or app Add BTC, USDT, or USDC to start earning your share of SEI rewardsAdd or remove your crypto anytime during the event and rest assured that any assets you contribute will remain yours3 ways to get more out of BoostWant to make the most of your Boost experience? Here are three simple strategies:
Join early: Boost rewards favor early participation. The sooner you add crypto to a Boost event, the more time it has to earn, giving you a larger potential share of rewards.Add more crypto: The more crypto you add, the greater your share of the total rewards. Participate with confidence knowing you’ll always get back the crypto you put inStay flexible: Add or remove crypto anytime. Use this flexibility to manage your participation: keep your assets in longer to maximize rewards, or withdraw when you need quick access. Either way, your funds always remain yours.Refer to our FAQ and Boost Terms for more details.
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The Sei Giga Whitepaper V2 is a major update to the original Giga Whitepaper published in May 2025. It introduces significant performance improvements and new features to Sei Giga, redesigning Sei Network from first principles into a blockchain with the ideal architecture for onchain trading.
Read the full whitepaper at: https://arxiv.org/pdf/2505.14914
What's New in V2The updated whitepaper addresses the questions the original left open. Where v1 described how Giga achieves speed and throughput, V2 adds how it will solve for privacy and fairness.
Faster FinalityThe new whitepaper introduces even faster performance for Giga's Autobahn consensus protocol. It now targets sub-250ms finality, down from the 400ms target in the original whitepaper. This will be delivered while maintaining 200,000+ transactions / 5 gigagas per second throughput across the network’s decentralized validator set.
Pre-Execution Privacy and MEV ResistanceThe new whitepaper introduces Sedna, a private transaction layer.
Transactions on Sei Giga will be encoded into fragments and distributed across multiple proposer lanes. This will ensure that no proposer will see the full contents of a transaction until ordering is finalized, giving the network pre-execution privacy. In short, a trade will never be visible until it is executed.
It also introduces a deterministic mechanism for ordering transactions across proposer lanes. This will make transaction ordering transparent, predictable, and secure against manipulation by any individual proposer.
Ultimately, Sedna will almost completely remove the MEV and censorship risk that affects every other smart contract blockchain.
The original Giga breakthrough: multi-proposer consensusIn traditional blockchains, one validator at a time is chosen to propose a block. That validator collects transactions, builds the block, broadcasts it, and then everyone votes on it across multiple rounds before it's finalized. Everything happens in sequence. You can't start the next block until the current one finishes the full propose-vote-vote-commit cycle. The speed of the entire chain is bottlenecked by one proposer at a time and multiple rounds of back-and-forth messaging.
Autobahn throws out that sequential model. Instead of one leader proposing blocks while everyone else waits, every validator will run its own "lane" and continuously stream batches of transactions in parallel. Each validator will propose independently and get a lightweight proof that its data is available from a small quorum of peers -- without requiring everyone to download everything upfront. A designated leader will then periodically take a snapshot called a "tip cut" that will capture the latest batch from every lane and commit them all at once through a streamlined two-phase vote.
This is what will enable Sei Giga’s immense throughput. Instead of being limited to however many transactions one validator can fit into one block per round, every validator will produce data simultaneously, and the consensus layer will synthesize their outputs together, sorting them deterministically by priority fee. The raw throughput ceiling will go from "one proposer's bandwidth" to the aggregate bandwidth of the entire validator set.
The Optimal Design for Institutional TradingBlockchains offer significant advantages over traditional trading venues. These include near instant settlement, shared liquidity, composability and 24/7 markets. However, in spite of these advantages, traditional traders are yet to adopt blockchain technology at scale.
For a trading environment to be successful, it has to be predictable. Trading on layer one blockchains today, because of the risks posed by MEV and possible censorship from block builders, is not predictable. This makes today’s blockchains fundamentally unsuitable for institutional traders.
When trading has taken off onchain, it has done so on venues which make the tradeoff of adopting centralized designs in order to make market structure more predictable. However in doing so, these exchanges expose themselves to the same centralization risks that affect legacy trading venues.
Sei's Giga upgrade will take the completely novel approach of introducing a multi-proposer architecture, and combining it with a private transaction dissemination layer. The result will be the first layer one blockchain that is actually suited for trading at scale. Sei Giga will offer pre-execution privacy, fair transaction ordering, MEV resistance, and censorship resistance while ensuring high throughput and near instant settlement.
Sei Giga will be the blockchain for trading.
What's NextSei Labs is well underway with the Giga Upgrade. Progress towards Giga can be followed on Sei Labs’ Giga Roadmap.
The whitepaper's future work section outlines several areas of active development:
Full transaction fee mechanism Autobahn consensus upgradesNew tokenomics for the SEI token The Giga upgrade will be the most complex blockchain upgrade since Ethereum's Merge. The network will transition to the full Giga protocol without regenesis and without taking any element of the network offline.
Read the full whitepaper: https://arxiv.org/pdf/2505.14914
Disclaimer: The roadmap is subject to change based on development progress, market feedback, and other factors. Actual timelines, figures, and outcomes may vary.
@SeiNetwork has published the second version of its Giga Whitepaper, the first revision since the original dropped in May 2025. The update tightens one of the network's core performance targets and adds a new transaction privacy layer aimed at institutional traders.
What Changed in V2The headline change is a tighter finality target. The revised whitepaper pushes the goal down to sub-250ms, an improvement on the sub-400ms figure that has been the benchmark since the original Giga paper. The throughput target of 200,000+ transactions per second is unchanged from V1. Sei Labs first published the Giga whitepaper on May 19, 2025, positioning the project as the first multi-proposer EVM layer-1 blockchain. V2 refines that foundation rather than replacing it.
The upgrade is also designed to land without a regenesis or taking the network offline, reducing disruption for applications already running on the chain.
Sedna: A Private Transaction Layer Across Multiple LanesThe most significant new addition in V2 is Sedna, a private transaction layer built to reduce MEV and front-running risk. Rather than broadcasting full transaction data to all proposers at once, Sedna breaks each transaction into fragments and distributes them across separate proposer lanes. No single proposer can see the full details of a trade before it is finalized. Execution then follows a deterministic order once enough fragments are available. The practical effect is that would-be front-runners cannot read a pending transaction in time to act on it.
Paired with deterministic ordering across those lanes, Sei says the design nearly eliminates MEV and censorship risk, two concerns that have historically kept institutional trading activity away from most layer-1 blockchains. The upgrade targets all three factors institutions care about: latency, throughput, and predictable ordering.
Sei Labs co-founder Jayendra Jog previewed the efficiency case for the approach in a mid-June interview, noting that Sedna would deliver roughly 90 percent of the privacy benefits of a full zero-knowledge layer while requiring just 0.01 percent or less of the implementation effort. The full technical specification is set out in the Sedna protocol research paper on arXiv. The public milestone tracker for the full Giga rollout is available at giga.seilabs.io.
Sources:
Sei Labs: Sei Giga Whitepaper announcement (May 2025)
arXiv: Sedna protocol research paper
Sei Labs: Giga public milestone tracker
Decentralized exchange Oxium will shut down on Aug. 1 after prolonged weak market conditions made the business financially unsustainable, becoming the latest casualty of a difficult environment for smaller crypto trading platforms.
In a statement published on X, the team behind the Sei-based decentralized exchange said declining revenue had made it impossible to continue operating despite years of development on the network. Users have been advised to close positions, cancel open orders and withdraw assets before the web interface is taken offline on Aug. 1, although the protocol’s smart contracts will remain accessible for recovering funds.
The closure underscores the pressure facing smaller decentralized finance protocols as trading volumes remain concentrated among a handful of dominant exchanges and liquidity providers. Even as Bitcoin trades near historic highs, many DeFi applications continue to struggle to generate sufficient fees to sustain development teams.
Team Cites Revenue Collapse Rather Than Security Problems Unlike many recent DeFi shutdowns triggered by hacks or exploits, Oxium said its closure is purely financial.
“After careful consideration, we have made the difficult decision to wind down Oxium,” the team wrote. “Prolonged unfavorable market conditions have left our revenue too low to sustain operations, and running the platform is no longer financially viable.”
The team emphasized that user assets remain secure because they are held in smart contracts rather than under the platform’s custody.
Users have until Aug. 1, 2026 to use the Oxium interface to withdraw assets. After that date, funds will remain recoverable directly through the underlying smart contracts, although the process will become significantly more technical.
Oxium Wind Down Details Reason for closure Insufficient revenue Blockchain Sei Interface shutdown Aug. 1, 2026 User assets Remain recoverable through smart contracts User action requested Withdraw funds before interface closes Crypto Recovery Has Not Reached Every Protocol The announcement illustrates an increasingly visible divide within the digital asset industry.
While Bitcoin, stablecoins and institutional infrastructure businesses have experienced renewed growth during 2025 and 2026, many smaller decentralized applications continue facing declining activity. Liquidity has become increasingly concentrated among larger exchanges, perpetual futures platforms and dominant DeFi protocols, making it difficult for smaller venues to attract sufficient trading volume.
Why Smaller DeFi Platforms Continue To Shut Down
Challenge Impact Lower trading volumes Reduced protocol fees Liquidity concentration Harder to attract traders High development costs Operating losses increase Competition from major exchanges Revenue pressure intensifies For decentralized exchanges, transaction fees remain the primary source of operating revenue. When trading activity slows, protocol income can fall rapidly while engineering, infrastructure and security costs remain largely fixed.
Oxium’s statement suggests that the platform ultimately reached the point where operating expenses exceeded sustainable fee generation.
Users Retain Custody Of Assets The team stressed that customer assets remain safe because the protocol operates through smart contracts.
Rather than freezing withdrawals, Oxium is encouraging users to exit while its interface remains online. After Aug. 1, users would need to interact directly with blockchain contracts to recover assets, a process that typically requires greater technical knowledge and specialized wallet tools.
That distinction highlights one of decentralized finance’s key structural differences from centralized exchanges. Even when a protocol’s operating company closes, properly designed smart contracts can continue functioning independently of the original development team.
FinanceFeeds recently covered MoonPay’s acquisition of AI finance platform Entendre, Galaxy Digital’s investment in institutional crypto lending infrastructure, Zero Hash’s expansion into staking infrastructure, Payward’s continued global licensing expansion, and Bitcoin Suisse’s MiCAR licence. While institutional crypto infrastructure continues attracting investment and regulatory approvals, Oxium’s closure shows that smaller DeFi trading venues remain under significant commercial pressure.
Industry Consolidation Continues Oxium’s shutdown reflects a broader consolidation trend across digital assets, where capital and liquidity continue flowing toward larger, better-capitalized platforms.
For users, the immediate priority is withdrawing assets before the interface disappears. For the industry, the announcement serves as another reminder that successful blockchain technology alone does not guarantee a sustainable business model if trading activity and protocol revenue fail to reach critical scale.
Takeaway Oxium is closing because its business became economically unsustainable, not because of a security breach or technical failure. The announcement highlights an increasingly important reality in crypto markets: while institutional adoption continues accelerating, many smaller DeFi platforms remain unable to generate enough trading activity to support long-term operations. As liquidity concentrates around larger ecosystems, commercial viability is becoming just as important as technological innovation.
Serenity: Robots will be the next major trend, and AI data center exposure is also poised to benefit from the mass adoption of humanoid robots.
In a post, Serenity stated that robotics will be the next key growth area. Citing March PitchBook data referenced by a16z, it reported that both deal volume and investment value in the robotics sector are rising rapidly. A positive factor is that many AI data center-related exposures often also have exposure to the scaling of humanoid robots. For example, DRAM and NAND in the storage space can be used for inference and storage in humanoid robots; DFB lasers in the photonics space are applied in FMCW LiDAR for vision and perception. Serenity noted that most related exposures are currently concentrated in upstream components or in-house projects of large firms including Amazon and Tesla. It believes that the global IPO season for pure-play robotics or humanoid robot companies will be worth watching from the second half of 2026 to 2027.
12 minutes ago
Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.
Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.
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Michael Saylor: Strategy is operational
Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).
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A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".
Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.
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An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).
According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.
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Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.
Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.
PANews June 26 news, Sei ecosystem DeFi lending platform Oxium announced it will cease operations, reportedly due to prolonged unfavorable market conditions resulting in insufficient revenue, leaving its current operations financially unsustainable. Oxium stated that assets users deposited on the platform remain fully intact and still under their own control, but it hopes users plan ahead and complete withdrawals in an orderly manner. The frontend is scheduled to shut down on August 1, 2026, and users are advised to cancel all outstanding orders, close existing positions, and withdraw assets from the platform.
While most of the crypto market sold off on June 25, Sei Network's native token $SEI moved in the opposite direction, trading near $0.058 and up roughly 9% on the day as Bitcoin slipped under $60,000 and most major altcoins stayed firmly in the red.
The move was backed by real volume. CoinGecko data shows 24-hour trading volume for $SEI surged around 190% to approximately $72 million, confirming the price action was not a low-liquidity drift. @SeiNetwork was among the day's clear standouts in an otherwise weak market.
Short squeeze and Giga hype fuel the rally Two catalysts appear to be driving the outperformance. The first is a short squeeze that built around the $0.06 level, forcing leveraged bears to cover their positions and amplifying the upside move. The second is growing anticipation around the network's upcoming Giga upgrade.
Sei Labs published the Giga roadmap in late May 2026, targeting over 200,000 transactions per second and sub-400 millisecond finality. At the core of the performance leap is a protocol called Autobahn, a multi-proposer consensus mechanism. Traditional blockchains rely on a single block proposer at a time, creating a bottleneck. Autobahn lets multiple validators propose blocks simultaneously, which is how throughput scales from thousands to hundreds of thousands of TPS.
For context, Sei's prior throughput benchmarks sat in the range of 5,000 to 12,500 TPS. The Giga upgrade represents roughly a 40 to 50-fold increase in raw capacity. Beyond consensus, the upgrade also introduces asynchronous execution, allowing the network to process transactions in parallel and decouple execution from the consensus layer itself.
Phased rollout, not a single launch The upgrade is not a single event. Sei Labs is rolling it out progressively throughout 2026, with no single definitive launch date, and has set up a public milestone tracker at giga.seilabs.io.
Alongside the Giga upgrade, Sei Network committed in 2026 to becoming an EVM-only chain, deprecating its original CosmWasm smart contracts and native Cosmos transaction types through community-approved proposal SIP-3. Binance confirmed support for the full transition to EVM compatibility starting June 1.
The day's price action suggests the market is beginning to price in that technical roadmap, at least in the short term. Whether the rally holds will depend on whether the Giga milestones continue to arrive on schedule and whether broader crypto sentiment improves.
This article is for informational purposes only and does not constitute financial advice.
Sources:
Crypto Briefing: Sei Giga Upgrade Roadmap, Targets 200,000 TPS and 400ms Finality
CoinGecko: Sei (SEI) Live Price and Market Data
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the key $43,000 level on Tuesday.
Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,300 mark this morning.
Pendle (CRYPTO: PENDLE) was the top gainer over the prior 24 hours, while Manta Network (CRYPTO: MANTA) turned out to be the biggest loser.
At the time of writing, the global crypto market cap rose to $1.67 trillion, recording a 24-hour gain of 2.5%. BTC was trading higher by 2.9% at $43,475 while ETH rose by around 1.9% to $2,315 on Tuesday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Coinbase added six new assets to its Coinbase 50 Index, the exchange benchmark that tracks the fifty largest and most liquid digital assets by market capitalization.
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The latest rebalancing brings Hedera, Mantle, VeChain, Immutable, Sei, and Flare into the index as these networks gain traction across decentralized finance, gaming, tokenization, and real-world asset applications.
Hedera focuses on enterprise-grade tokenization, while Mantle brings an Ethereum layer 2 approach built around modular scaling. VeChain expands the group with supply chain and asset tracking tools tied to real-world integrations.
Immutable adds gaming and NFT infrastructure on Ethereum, supporting digital ownership at scale. Sei contributes a high-performance layer 1 optimized for trading activity and fast execution. Flare rounds out the additions by enabling smart contract functionality for networks such as XRP.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
3 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
3 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
3 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
3 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
3 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
The Coinbase 50 Index adds six new projects: HBAR, MANTLE, VET, FLR, SEI, and IMX.
PANews reported on December 2nd that Coinbase will rebalance its Coinbase 50 Index (COIN50) in the fourth quarter of 2025, adding six new assets: Hedera Hashgraph (HBAR), Mantle (MANTLE), VeChain (VET), Flare (FLR), Sei (SEI), and Immutable X (IMX). This index tracks the overall performance of the top 50 investable digital assets listed on the Coinbase exchange.
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The Ethereum network stands as a revolutionary innovation in the realm of blockchain technology. It serves as a robust platform for building and deploying decentralized applications (dApps), fueling the growth of decentralized finance (DeFi) and transforming the way we interact with financial services. However, with its widespread adoption and increasing popularity, Ethereum has faced challenges of scalability and high transaction fees, leading to the development of Layer 2 scaling solutions to enhance its capabilities.
The Ethereum blockchain hums with innovation, birthing a new breed of digital assets known as ERC-20 tokens. These versatile gems unlock a treasure trove of possibilities, from voting rights in decentralized communities to fueling innovative applications and even representing virtual currencies.
ERC-20 tokens are standardized building blocks on the Ethereum network. They adhere to a specific set of rules, ensuring seamless interaction and divisibility, making them perfect for trading and diverse applications. Think of them as digital coins, each with its unique identity and purpose, ready to be exchanged, used, and explored.
Whether you’re a seasoned crypto trader or a curious newcomer, navigating the thrilling world of ERC-20 trading can be challenging. This comprehensive guide will equip you with the knowledge and tools to confidently buy, sell, and trade these digital assets on the Ethereum network.
Some of the major and popular ERC-20 Tokens are Tether (USDT), Polygon (MATIC), Chainlink (LINK), Uniswap (UNI), Lido DAO (LIDO), Maker DAO (MKR), amongst many others.
Features of Ethereum Network Ethereum’s innovative design sets it apart from other networks, paving the way for a decentralized future of finance, applications, and beyond. Distinguished by its unique features and capabilities, it stands as one of the pioneers of Blockchain Technologies with standout features like:
The Power of Smart Contracts
The Ethereum Virtual Machine (EVM) serves as the core engine that drives the execution of smart contracts on the Ethereum network. These smart contracts are self-executing code that automates various actions and agreements, forming the foundation of dApps and DeFi protocols. EVM compatibility is crucial for deploying and interacting with ERC-20 tokens, the most common token standard on Ethereum.
Unlike static databases, Ethereum boasts the groundbreaking ability to execute self-enforcing agreements through smart contracts. These programmable pieces of code automate a wide range of tasks, enabling trustless interactions and the creation of innovative applications in diverse sectors.
Layer 1 and Layer 2: Addressing Scalability
The Ethereum mainnet functions as a Layer 1 blockchain, the base layer where all transactions are ultimately settled. To address the scalability bottlenecks on this primary layer, Layer 2 solutions have emerged as a promising approach. These solutions aim to offload a significant portion of transaction processing off-chain, resulting in increased throughput, faster confirmation times, and significantly reduced transaction costs.
A Platform For Innovation
Ethereum isn’t just a cryptocurrency platform; it’s a fertile ground for developers to build revolutionary decentralized applications (dApps). From DeFi protocols automating financial transactions to NFTs unlocking new ownership models, the possibilities are endless.
Gas and Gas Fees: Fueling Transactions
Within the Ethereum network, gas refers to the computational power required to execute transactions and smart contracts. Users pay gas fees to compensate miners for processing their transactions. Gas fees are denominated in ETH, Ethereum’s native cryptocurrency.
Fueling Decentralized Finance (DeFi)
As a breeding ground for DeFi protocols, Ethereum empowers users to take control of their finances. Borrow, lend, invest, and trade without dependence on intermediaries, fostering a more open and inclusive financial system.
Ecosystem And Adoption
Unlike centralized projects, Ethereum thrives on a vibrant and passionate community. Developers, miners, and users participate in its governance and evolution, ensuring its development remains transparent and aligned with the community’s needs. This growing ecosystem includes decentralized exchanges (DEXs), gaming applications, and more.
Exploring Layer 2 Scaling Solutions
Layer 2 scaling solutions offer a promising pathway to address the scalability challenges faced by the Ethereum mainnet. They operate as secondary layers built on top of the main blockchain, providing alternative mechanisms for transaction processing and data storage.
Here are some common types of Layer 2 solutions:
Sidechains: Independent blockchains that run in parallel with Ethereum, enabling faster and cheaper transactions. Plasma Chains: Blockchains that leverage Ethereum for security and finality, offering scalability benefits through data offloading. Optimistic Rollups: The technology employed by the Ethereum network for token transactions, which bundles multiple transactions off-chain and submits a summary to the mainnet for verification. Beyond Features: What Truly Sets Ethereum Apart? Ethereum’s uniqueness extends beyond its specific features, encompassing its fundamental characteristics and impact on the blockchain landscape.
Network Effect and Ecosystem: Through its early adoption and widespread implementation, Ethereum has established a robust network effect. Developers, projects, and users gravitate towards it, creating a flourishing ecosystem that strengthens its overall value and resilience.
Security and Trust: Built on a Proof-of-Work (PoW) consensus mechanism, Ethereum offers a high level of security and protection against malicious attacks. Its distributed nature further bolsters trust and transparency, minimizing the risk of centralized control.
Flexibility and Adaptability: Ethereum’s design prioritizes flexibility and adaptability. Upgradeability mechanisms allow it to evolve and adopt new features to remain relevant and address emerging challenges in the blockchain space.
Global Impact and Pioneering Spirit: Ethereum has gone beyond being a mere technological advancement; it has ignited a global conversation about decentralization, ownership, and financial autonomy. Its pioneering spirit continues to inspire innovation and shape the future of our digital world.
How To Get Started on the Ethereum Network for ERC-20 Tokens.
To buy/sell ERC-20 Tokens, you’ll need a crypto wallet. There are several crypto wallets to choose from within the Ethereum network and, popular options include software wallets like MetaMask, Trust Wallet, Coinbase Wallet, Binance WAllet, etc.
If you are using a desktop computer, you can download Google Chrome and install the MetaMask Wallet Chrome extension. If you prefer using your mobile phone, you can download MetaMask wallet via Google Play or the iOS App Store.
Just make sure that you are downloading the official Chrome extension and mobile app by visiting MetaMask Wallet’s website.
Once you’ve registered and set up your wallet via the Google Chrome Extension or via the mobile app you downloaded, MetaMask wallet allows users to manage their cryptocurrency wallets and interact with decentralized applications (DApps) to execute transactions on supported blockchain networks directly from their browsers. (Write down your seed phrase on a piece of paper and keep it in a safe place!).
Now, you’ll need to connect and add Ethereum to your MetaMask wallet. You may refer to MetaMask support page for reference on their website.
Trading ERC-20 Tokens on the Ethereum Network. In order to ERC-20 token trades on the Ethereum network, you will need to buy ETH as your base currency. You can buy ETH on centralized exchanges such as Binance, copy your wallet address from Metamask, and then send the ETH from Binance to your Metamask wallet.
You can also purchase ETH directly within the Metamask wallet using traditional payment methods such as credit or debit cards, etc.
Just click on the “Buy/Sell” button within Metamask to open the interface. Here, you can put how much ETH (or any other token) you want to buy in terms of dollar terms, pick your payment method, and then click “Buy”.
Note that to buy crypto directly within Metamask, you will need to provide info such as your country and state. However, it is a straightforward process that only takes a minute.
It’ll only take a couple of minutes at most for your ETH to arrive in your wallet. Once the ETH arrives, you are all set to begin trading ERC-20 tokens on the Ethereum network. So, head over to UniSwap to get started on your trading journey.
How To Trade ERC-20 Tokens On The Ethereum Network Using UniSwap Uniswap is a decentralized exchange (DEX) protocol built on the Ethereum blockchain. It allows users to trade Ethereum-based tokens directly from their wallets without the need for intermediaries or traditional order books.
Uniswap offers users a simple and straightforward way to buy and sell a wide variety of tokens. Be sure you’re on the Uniswap website to protect your wallet.
The first step is clicking on the “Launch App” button at the top right corner, as shown in the image below:
The next step is clicking on the connect wallet option on Uniswap at the top right corner, as shown in the image below:
Connect to your preferred wallet as shown below. (In this case, it’s Metamask):
Once connected, switch Metamask to the Ethereum network. (If you’re already on the Ethereum network, you do not need to switch):
After connecting MetaMask to the Ethereum network, go to Uniswap, and then you can start your ERC-20 Tokens on the Ethereum network using UniSwap.
Trading Ethereum Tokens On Uniswap The next step is to select your preferred tokens on the UnsSwap interface and since Uniswap operates on a token to token trading model, click on the “select token” button to select the trading pair you want to trade against.
For example, if you want to buy USDT using ETH, select ETH – USDT, enter the amount, then click on “swap” or “trade now” and confirm the transaction in your Metamask wallet. You can view the tokens in your wallet’s asset list.
Buying and Selling ERC-20 Tokens with the Metamask Wallet Ethereum Network users can also buy and sell tokens using the Metamask extension wallet already connected to the Ethereum network. To do this, make sure you’re connected to the Ethereum network and have ETH to swap and pay for gas fees. Then, navigate to the “Swap” button as shown below. This will take you to the Swap interface inside Metamask.
Using the image above as a guide, you can also search for tokens using the name or the contract address, just like on UniSwap. Input the amount of ETH you want to swap, confirm that you have the correct token, and then click “Swap.” Once the transaction is confirmed, the tokens you just bought will be sent to your wallet.
Tracking ERC-20 Token Prices on The Ethereum Network ERC-20 token holders and traders can take advantage of on-chain tools like DeFiLama to gain access to comprehensive market insights for specific tokens. These insights include price data and contract information, empowering users to make well-informed trading decisions based on reliable and up-to-date information.
Dextools is a comprehensive analytic resource for managing digital assets traded on ERC-20 Decentralized Exchanges. It’s a vibrant analytical cryptocurrency resource that provides statistical information on all leading blockchains and crypto projects.
Among these features, an exceptional one is the charting functionality, which delivers both real-time and historical price data for a wide range of tokens.
By utilizing these charts, users gain valuable insights into price trends, trading volumes, and other pertinent metrics. This enables them to pinpoint potential entry or exit points for their trades with precision and confidence. For example, let’s assume you’re $ETH for $LIDO, your trading pair is ETH/LIDO.
Note, Trading pairs serve as bridges between currencies. For example, the ETH/LIDOpair allows you to acquire $LIDO tokens using Ethereum (ETH).
Choose the pair that fits your funding situation and trading strategy. Consider using ETH if you already hold it, or fiat currencies if you’re venturing in fresh.
Let’s track the $LIDO token on Dextools, here’s what we have:
Conclusion Buying, selling, and trading ERC-20 tokens on the Ethereum network can be a thrilling adventure, opening doors to exciting investment opportunities and unlocking the potential of decentralized finance. However, it demands knowledge, caution, and a well-defined strategy.
This guide serves as your map and compass, but the ultimate treasure lies in your own learning and exploration. Navigate with confidence, trade responsibly, and remember that the most valuable asset in this journey is your knowledge.
Featured image from CoinMarketCap, chart from Tradingview.com
XEM leads daily gains with 37.9% surge, showing strong market buying interest. FUN and Aergo post significant double-digit growth amid active trading sessions. Sei holds largest market cap at $1.2B, reflecting broad investor confidence. As reported by Phoenix Group, on June 21, 2025, the crypto market experienced major daily gains across a range of digital assets. XEM (NEM) led the list with a 37.9% increase in price, followed by large rises in other projects such as FUN, Aergo, and Flock.
XEM showed the highest daily gain on June 21, jumping 37.9% to reach $0.0067 per token. This rise pushed its market capitalization to approximately $61.8 million. The increase in XEM’s price indicates a surge in trading volume and buying interest during the trading session, making it the standout performer for the day.
FUN and Aergo Post Double-Digit Gains Funtoken (FUN) followed with a 31.3% price increase, also closing at $0.0067. Its market cap stood at $72.3 million, marking it as one of the more actively traded tokens among the daily gainers. Aergo posted a 15.4% gain, with the token priced at $0.14 and its market value reaching $69.3 million. These figures display strong price appreciation for both assets amid market movements.
Beyond the top three, several other cryptocurrencies registered gains ranging from 5% to over 13%. Flock rose 13.3%, trading at $0.16 and holding a market cap of $18.5 million. Quai Network increased 10.3% to $0.092, with a market capitalization of $45.7 million. Magic also posted gains of 7.8%, priced at $0.16 and valued at $50.5 million. Liquity (LQTY) increased 7.2%, trading at $1.14 with a market cap of $111.2 million.
Sei, Aethir (ATH), and Alex Lab (ALEX) rounded out the list of daily gainers with more rises. Sei advanced 6.9% to $0.22, maintaining the highest market capitalization among the group at $1.2 billion. Aethir increased 5.9%, trading at $0.035 and holding a market value of $346.2 million. Alex Lab gained 5.1%, priced at $0.017 with a market capitalization of $17.5 million.
These cryptocurrencies are actively traded on major exchanges, including Binance, Coinbase, and Bybit. Their presence on leading platforms guarantees adequate liquidity and accessibility for traders and investors. The wide range of market capitalizations—from $17.5 million for Alex Lab to $1.2 billion for Sei—highlights diversity in project scale and investor interest.
AUTHOR
Peter Mwangi is an accomplished crypto news writer with over three years of experience. He is recognized for producing insightful, well-researched content across major crypto publications. As an expert in blockchain technology, digital assets, and decentralized finance, he can uniquely simplify complex topics into engaging, accessible narratives. His strong storytelling and analytical skills, combined with a passion for continuous learning and collaboration, make him a valuable asset to the BlockchainReporter team.
TLDR PayPal is expanding PYUSD stablecoin across eight new blockchains through LayerZero’s Stargate Hydra bridge A permissionless version called PYUSD0 will be fully fungible with PYUSD and interoperable across blockchains PYUSD now supports Tron, Avalanche, Aptos, Abstract, Ink, Sei, Stable, and Stellar The US Treasury estimates the stablecoin market will grow from $295 billion to $2 trillion by 2028 PYUSD currently ranks 11th among stablecoins with a $1.3 billion market cap, far behind leaders USDT ($171.2B) and USDC ($74.3B) Payments giant PayPal has announced a major expansion of its PayPal USD (PYUSD) stablecoin to eight new blockchain networks. This move makes PYUSD one of the most widely accessible stablecoins in the cryptocurrency ecosystem.
The expansion comes through two separate integrations. Seven new blockchains are being added via LayerZero’s Stargate Hydra bridge, while an eighth network, Stellar, is being added through a separate integration.
Through the LayerZero integration, PayPal is creating a permissionless version of its stablecoin called PYUSD0. According to LayerZero, this new token will be “fully fungible” with the original PYUSD and will enable interoperability across multiple blockchains.
The new blockchain networks receiving PYUSD support include Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable. In addition, existing permissionless versions on Berachain (BBYUSD) and Flow (USDF) will upgrade to the PYUSD0 standard.
PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD.
With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains. pic.twitter.com/CWOc2CP6sA
— LayerZero (@LayerZero_Core) September 18, 2025
The Technical Implementation Stargate Hydra will serve as the interface for PYUSD0 transfers between networks. LayerZero will enable the minting, burning, and deployment of the PYUSD0 tokens across these blockchains.
This expansion builds upon PayPal’s existing support for Ethereum, Solana, and Arbitrum networks. The addition of Stellar was announced separately on the same day.
The Stellar blockchain is known for its low fees and five-second transaction finality. It has gained popularity in developing countries where people seek to save money in US dollars.
LayerZero CEO Bryan Pellegrino highlighted the importance of this integration.
“Anyone who self-custodies their PYUSD can move it seamlessly between blockchains without needing to rely on the existing and centralized banking infrastructure,” he said.
Market Position and Growth Potential Despite this expansion, PYUSD still has ground to cover in the competitive stablecoin market. According to CoinGecko data, PYUSD currently ranks 11th among stablecoins with a market capitalization of $1.3 billion.
This places it well behind industry leaders Tether (USDT) and Circle (USDC), which hold market caps of $171.2 billion and $74.3 billion respectively. USDT currently supports 12 blockchain networks, while USDC is available on 25 different chains.
Other major competitors include Ethena USDe, USDS, and Dai, which have market caps ranging from $4.5 billion to $13.9 billion.
The broader stablecoin market is expected to see major growth in coming years. The US Treasury estimated in April that the market would expand from its current $295 billion to approximately $2 trillion by 2028.
This growth projection has been further supported by recent regulatory developments. In July, US President Trump signed the GENIUS Act, which is considered one of the most comprehensive stablecoin regulations to date.
PayPal initially launched PYUSD in August 2023, marking its first major move into the cryptocurrency space. The stablecoin is issued by Paxos, a regulated financial institution specializing in blockchain infrastructure.
PYUSD is now live on Stellar.⚡️Welcome to low-fee transfers, ~5s finality, anchors for fiat ramps, and Stellar Asset Contract-compatible contracts – built for real payments.#PYUSD #stablecoin https://t.co/qSUmT4GuXM
— PayPal Developer (@paypaldev) September 18, 2025
LayerZero’s CEO described stablecoins as cryptocurrency’s “killer app” and suggested that integrations like PayPal’s “make it obvious that we are at the start of a global financial market that breaks down borders and works around the clock.”
The goal of this integration, according to Pellegrino, is to create “better money experiences utilizing modern technology.”
Tron has been making headlines after bouncing strongly from its recent low. On September 6, the token slipped to fresh cycle lows, raising concerns among traders. However, since then, Tron has staged an impressive comeback, climbing more than 18% and now testing local resistance levels. This rebound signals renewed strength in the network and growing investor confidence in its role within the broader crypto ecosystem.
Adding fuel to this recovery, Tron announced yesterday that PayPal USD (PYUSD) will now be available on the TRON network through Stargate Hydra as a permissionless token, PYUSD0, leveraging LayerZero’s Omnichain Fungible Token (OFT) Standard. This integration reflects the joint efforts of PayPal and LayerZero to expand PYUSD’s availability across multiple blockchains, ensuring the stablecoin can seamlessly reach markets and users through LayerZero’s powerful distribution network.
The addition of PYUSD0 to Tron’s ecosystem not only strengthens its relevance in the stablecoin market but also demonstrates the chain’s ability to attract high-profile integrations. With stablecoins becoming a central part of global digital finance, Tron’s alignment with PayPal USD marks a key milestone that could reinforce adoption, boost liquidity, and sustain momentum in the weeks ahead.
Tron Gains Momentum With PYUSD0 Expansion According to a recent announcement from LayerZero, the launch of PYUSD0 marks a significant step forward for PayPal USD and its reach across the crypto ecosystem. PYUSD0 extends PayPal’s stablecoin beyond its native deployments on Arbitrum, Ethereum, Solana, and Stellar, bringing it to Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, with even more chains expected to be added in the near future. Furthermore, existing permissionless versions on Berachain (BYUSD) and Flow (USDF) will upgrade to PYUSD0, creating a unified and standardized deployment of the stablecoin across multiple networks.
Importantly, no action will be required by end users. Whether someone holds PYUSD or PYUSD0, the result is one unified PayPal USD stablecoin—fully fungible and interoperable across blockchains. This guarantees seamless usability and ensures that holders can transact, transfer, and integrate PYUSD in applications without worrying about compatibility issues.
For Tron, this development is particularly meaningful. The chain has long been a hub for stablecoin activity, and the integration of PYUSD0 adds to its reputation as a key player in the digital finance ecosystem. By joining PayPal and LayerZero’s multi-chain strategy, Tron stands to benefit from increased liquidity, adoption, and developer activity within its ecosystem.
With PYUSD0, Tron not only secures a stronger position in cross-chain finance but also highlights its ability to attract mainstream integrations that resonate with both retail and institutional users. As the stablecoin market expands, this move could drive long-term adoption and strengthen Tron’s place in the next phase of crypto growth.
TRX Price Analysis Tron (TRX) is showing resilience after its sharp dip earlier this month, with price currently trading around $0.3475. The chart highlights a steady recovery, supported by the 50-day moving average (blue line) at $0.3023, which has acted as dynamic support throughout the recent uptrend. This suggests that despite volatility, buyers remain in control and are defending key levels.
TRX consolidates below resistance | Source: TRXUSDT chart on TradingView Since June, TRX has gained significant momentum, moving from the $0.25 range toward its current levels. The recent correction in September briefly tested the $0.32 area, but pthe rice quickly bounced, indicating renewed demand. Both the 100-day ($0.2738) and 200-day ($0.2055) moving averages are trending upward, reinforcing the broader bullish structure.
Resistance remains visible in the $0.36–$0.38 zone, which capped the last rally in late August. A breakout above this level would likely open the path toward $0.40 and beyond, signaling strength in line with the broader market’s optimism following the Fed’s recent policy shift.
Featured image from Dall-E, chart from TradingView
Gamma Strategies, a popular platform offering market-making and liquidity management solutions, has announced a new partnership with Yaka Finance, a Sei Network-built DeFi platform. The collaboration focuses on redefining Sei Network’s liquidity provision. The platform revealed this initiative on its official social media account.
Gamma Strategies Joins Forces with Yaka Finance to Boost Sei Network’s Liquidity Management As a part of this collaboration, Gamma Strategies will provide its advanced technology to Yaka Finance. Specifically, Yaka V3 will integrate Gamma’s active liquidity management as well as market making platform. This integration is anticipated to provide liquidity providers with substantial benefits with the use of Yaka’s platform.
Apart from that, by using the active liquidity management instruments of Gamma Strategies, LPs can adjust the deployment of capital. This will also decrease impermanent loss along with improved yield opportunities. For the overall Sei Network, the collaboration promises enhanced liquidity depth, relatively robust DeFi infrastructure, and better trading efficiency. Gamma Strategies develops automated and sophisticated strategies to assist LPs and DeFi protocols in increasing returns as well as decreasing risks.
Both the platforms are working together to unlock exclusive features and innovations for users. With the continuous. In the case of Yaka Finance, its decision to incorporate the respective features into Yaka V3 underscores the commitment to offering the finest DeFi experience. Moreover, the consumers can expect latest developments as included in this joint effort.
Building Next-Gen DeFi Infrastructure to Cater to Effiency Requirements According to Gamma Strategies, the evolving DeFi ecosystem highlights the requirement for greater efficiency. Hence, the collaboration with Yaka Finance is a key step in meeting this requirement. Both the entities are poised to establish the future of DeFi infrastructure. Furthermore, further details of the integration will soon be provided to the consumers.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Blockchair has announced the support of 24 new blockchains into its platform, significantly enhancing its multi-blockchain explorer and professional tools offering.
This expansion includes prominent names such as Solana, Base, TRON, Arbitrum One, Polygon, Polygon zkEVM, Linea, Optimism, TON, Beacon Chain, Aptos, Avalanche, DigiByte, Fantom, Handshake, Moonbeam, Peercoin, Polkadot, Sei EVM, and XRP Ledger, but also upcoming Layer 2s on Bitcoin such as BOB, Botanix, Rootstock, and Liquid Network.
‘Blockchair has historically been a Bitcoin and UTXO-chain explorer. Our expansion into the Bitcoin Layer 2 ecosystem feels nothing but natural and we’ll keep adding more and more upcoming Bitcoin Layer 2s.’
Nikita Zhavoronkov – CEO & Lead Developer at Blockchair
The addition of these 24 blockchains brings unique capabilities and features to Blockchair’s already robust platform. This integration sets Blockchair apart from other block explorers by providing a unified interface to explore data across 42 popular chains. Users can now seamlessly access and analyze data from multiple blockchains, benefiting from enhanced user experience and functionality.
Alongside this expansion, Blockchair has also unveiled a comprehensive platform redesign aimed at improving user experience and accessibility.
New design with AI Assistant The redesigned platform boasts lightning-fast performance and a modern, clean interface that simplifies navigation and improves accessibility. Key enhancements include intuitive navigation and distinct sections dedicated to Bitcoin, Ethereum, and other ecosystems. Additionally, the Blockchair AI Assistant is introduced to help users interpret and understand on-chain data effectively and get professional support.
‘Since 2016 we have received lots of similar questions from crypto users related to their on-chain transactions, and there is fundamentally no real-time tech support for decentralized cryptocurrencies. Providing crypto users with comprehensive and, what is even more important, a safe support system – is no easy task. We have solved it. We believe AI-powered human-like interactions are the future of UI.‘
Yedige Davletgaliyev – Head of Research at Blockchair
Blockchair’s AI Assistant guides users in multiple languages through understanding on-chain data with questions such as:
How long will it take for my transaction to be processed? What can be done to speed up or revert/cancel a transaction? How to distinguish between fraudulent and legitimate advice? The AI assistant has already guided thousands of users not to send money or seed phrases to scammers, and will soon be made available for developers in the API.
Blockchair also improves its UX by expanding its offering of fiat currencies in which the data can be denominated and adding KYA/KYT scores to check transaction risk evaluation. According to the Blockchair team, the platform will continue to add support for new blockchains and work on its professional developer tools.
About Blockchair: Blockchair offers the most private search and analytics engine and a wide range of professional tools for scientists and developers of multi-currency wallets and exchanges, for 42 different blockchains. This includes APIs, PDF receipts and Wallet statements generator, Awesome Catalog of Blockchain and Crypto services, News Aggregator, Data Dumps, an anonymous portfolio tracker, and charts with blockchain and monetary data. The website is offered in 20 languages and no user data is gathered nor shared with third parties.
For more information or questions: [email protected][email protected] Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Blockchair has announced the support of 24 new blockchains into its platform, significantly enhancing its multi-blockchain explorer and professional tools offering. This expansion includes prominent names such as Solana, Base, TRON, Arbitrum One, Polygon, Polygon zkEVM, Linea, Optimism, TON, Beacon Chain, Aptos, Avalanche, DigiByte, Fantom, Handshake, Moonbeam, Peercoin, Polkadot, Sei EVM, and XRP Ledger, but also upcoming Layer 2s on Bitcoin such as BOB, Botanix, Rootstock, and Liquid Network.
Nikita Zhavoronkov – CEO & Lead Developer at Blockchair: ‘Blockchair has historically been a Bitcoin and UTXO-chain explorer. Our expansion into the Bitcoin Layer 2 ecosystem feels nothing but natural and we’ll keep adding more and more upcoming Bitcoin Layer 2s.’
The addition of these 24 blockchains brings unique capabilities and features to Blockchair’s already robust platform. This integration sets Blockchair apart from other block explorers by providing a unified interface to explore data across 42 popular chains. Users can now seamlessly access and analyze data from multiple blockchains, benefiting from enhanced user experience and functionality.
Alongside this expansion, Blockchair has also unveiled a comprehensive platform redesign aimed at improving user experience and accessibility.
New design with AI Assistant The redesigned platform boasts lightning-fast performance and a modern, clean interface that simplifies navigation and improves accessibility. Key enhancements include intuitive navigation and distinct sections dedicated to Bitcoin, Ethereum, and other ecosystems. Additionally, the Blockchair AI Assistant is introduced to help users interpret and understand on-chain data effectively and get professional support.
Yedige Davletgaliyev – Head of Research at Blockchair: ‘Since 2016 we have received lots of similar questions from crypto users related to their on-chain transactions, and there is fundamentally no real-time tech support for decentralized cryptocurrencies. Providing crypto users with comprehensive and, what is even more important, a safe support system – is no easy task. We have solved it. We believe AI-powered human-like interactions are the future of UI.‘
Blockchair’s AI Assistant guides users in multiple languages through understanding on-chain data with questions such as:
How long will it take for my transaction to be processed?What can be done to speed up or revert/cancel a transaction?How to distinguish between fraudulent and legitimate advice?The AI assistant has already guided thousands of users not to send money or seed phrases to scammers, and will soon be made available for developers in the API.
Blockchair also improves its UX by expanding its offering of fiat currencies in which the data can be denominated and adding KYA/KYT scores to check transaction risk evaluation. According to the Blockchair team, the platform will continue to add support for new blockchains and work on its professional developer tools.
About Blockchair
Blockchair offers the most private search and analytics engine and a wide range of professional tools for scientists and developers of multi-currency wallets and exchanges, for 42 different blockchains. This includes APIs, PDF receipts and Wallet statements generator, Awesome Catalog of Blockchain and Crypto services, News Aggregator, Data Dumps, an anonymous portfolio tracker, and charts with blockchain and monetary data. The website is offered in 20 languages and no user data is gathered nor shared with third parties.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Announcements Sei's recent upgrade to v6.4 included the mechanism to disable the transfer of IBC assets. If you hold Kava USDT on Sei, here's what's next
As of today, there is approximately $145k in USDT bridged from Kava on Sei Network. If you hold any Kava USDT, you should swap or bridge it out before the governance proposal to disable inbound IBC transfers passes.
This is part of the broader SIP-3 transition for upgrading the Sei Protocol into an EVM-only chain. To clarify: v6.4 has only shipped the protocol-level ability to disable inbound IBC transfers, but holders should bridge or swap now.
Once the follow-on governance proposal activates this change, Cosmos-native assets like Kava USDT will no longer be bridgeable into Sei, and holders may lose access to their assets.
If you're a holder of Kava USDT on Sei, here are your options:
SwapYou may be able to swap your Kava USDT for an EVM-native stablecoin using Sapyhre or Symphony. Slippage may vary depending on market conditions and liquidity. The mention of these platforms do not constitute an endorsement, and users should do their own research before using any third-party service.
Bridge outYou can bridge your Kava USDT back to the Kava chain using a frontend like Skip:Go. From there, you can use the asset natively or bridge to another chain. The mention of this platform does not constitute an endorsement, and users should do their own research before using any third-party service.
For suppliers of Kava USDT on DeFi protocolsIf you have Kava USDT supplied on any DeFi protocol on Sei, you should first wind down those positions and withdraw them before swapping or bridging out. Failure to do so before the governance change may result in the inability to access your supplied assets.
Questions?If you have questions about how to migrate your Kava USDT, check the SIP-3 migration guide or join the Discord.