The Sei Network upgraded its devnet, allowing apps developed on Ethereum to be deployed on Sei with no alterations.Β
The parallelized Ethereum Virtual Machine will be able to handle thousands of transactions per second (TPS). For reference, at its peak, Ethereum has handled 62 TPS, and Solana can service up to 1,600 TPS.Β
The network was launched in August 2023 and looks to lure developers by offering βthe best of Ethereum and Solana.βΒ
Sei seeks to upgrade its mainnet in the first half of 2024.Β
The Sei Network token, $SEI.X, was up 17% on the day and is up 260% since December 1st, boasting a $2B market cap. Check out the daily chart,