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Sei Labs, a company that builds technology for the open-source layer 1 (L1) Sei blockchain, announced the launch of the beta phase mainnet on August 15.

Trading volumes for the new SEI token nearly outpaced market heavyweights like Bitcoin, Ethereum, and XRP on top crypto exchanges.

Today, most cryptocurrencies in the crypto market are going down, but there are a couple of Altcoins that are going up. Bitcoin's price is staying around $29,150, and it's not going above $30,000 yet.

SEI token (SEI), a layer-1 cryptocurrency that has garnered significant attention in the market, has witnessed a 29% surge over the past 24 hours. What Happened: This comes even as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were down 0.69% and 0.85% in the last 24 hours.

SEI is surging today, most likely because of the recent listing on Coinbase, but there's more.

Sei Network's token SEI gained over 2600% in price on the first day of its listing on Bitfinex, Binance, and Coinbase. Major exchanges, including Binance, Bybit, and Bitget, collectively listed SEI this week.

Sei Labs announced on Tuesday the launch of its Sei Mainnet beta phase, following a successful Testnet alpha phase that witnessed more than 400 million transactions and the creation of 7.5 million unique testnet wallets. This Layer 1 platform is optimized for trading digital assets, aiming to facilitate the mass adoption of such assets across various platforms, including gaming economies, NFT marketplaces and decentralized exchanges.

Sei token achieved a fully diluted valuation of $1.9 billion immediately upon listing its native token (SEI) on major exchanges.

SEI protocol is on a parabolic run today as it unveiled the launch of its Mainnet, signifying a remarkable move in its evolution as a revolutionary layer 1 protocol. The community is currently agog with the news, a move that has sparked a massive 2238.79% growth in the price of the SEI Token to $0.1868 per data from CoinMarketCap.

Every time a new token launches, there's a surge in excitement and hope, kind of like the night before a big concert. Today, Sei Network's token, Sei, took the spotlight, shooting up by a mind-blowing 2,000% after the protocol kicked off their mainnet.

The token opened to a wild trading session across major exchanges.

Bitcoin (CRYPTO: BTC) moved slightly higher, with the cryptocurrency prices trading above the $29,300 level on Tuesday. Ethereum (CRYPTO: ETH) meanwhile edged lower, but remained above the $1,800 mark this morning.

Exciting news has emerged from the crypto world as Coinbase disclosed its plans to list SEI on its platform.

Following a testnet phase that featured 7.5 million unique wallets and over 400 million transactions, Sei Labs, the team behind the Sei Blockchain, has launched the network's mainnet.

The trading focused layer 1 blockchain is backed by Jump Crypto and Flow Traders.

Sei Network is set to launch with a forward-looking Tokenomics framework, solidifying its position as an innovative force in the blockchain landscape. SEI tokens are accepted as trading fees on exchanges developed on the blockchain.

The official Discord server of Sei Network has fallen victim to a security breach under the watch of Certik.

The native crypto asset of the Sei Network, SEI, is set to launch tomorrow on several major exchanges, including Bitfinex, Binance, Upbit, and Kucoin. The layer-1 blockchain Sei, explicitly designed for trading applications, will see its mainnet release followed shortly by the commencement of trading.

Upbit, South Korea's leading global digital asset exchange, has announced its plans to introduce SEI trading. This decision comes as the exchange seeks to diversify its trading portfolio and cater to the evolving needs of its global clientele.

CYBER's initial circulating supply is expected to be 11,038,000.

Binance will list CyberConnect (CYBER) and Sei (SEI), opening trading on August 15, 2023.