Jay
@jayendra_jog
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Co-Founder @Sei_Labs // Previously at @RobinhoodApp
San Francisco
Joined October 2019
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Last Seen Profiles
Pinned Tweet
Excited to announce Sei v2 - the first parallelized EVM, allowing Sei to get the best of Solana and Ethereum - a hyper optimized execution layer that benefits from the tooling and mindshare around the EVM
A technical 🧵
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I've had dozens of convos where ppl were a little confused by
@SeiNetwork
's intelligent block propagation - here's an ELI5 version of how it works using Harry Potter. Lets dive in 🧵
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The
@SeiNetwork
whitepaper came out today. There are alot of moving parts, so let's dive in 🧵
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Sei is at an inflection point today.
The organic community growth and traction that Sei is seeing right now cannot be ignored.
We are at the start of something incredible.
The next 6 months are going to be legendary.
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Sei v2's goal is to scale the EVM
Eth L1 and rollups are currently not able to get more than ~50 sustained TPS (transactions per second)
Sei v2 is able to get 5k+ TPS in load tests
This represents a 100x increase in throughput
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Sei v2 is functionally code complete and has begun audits with both
@osec_io
and
@zellic_io
Get ready Seiyans
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Year of the dragon
Year of the dragon ball
Year of the Seiyan
Year of Sei
Nice
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Success is a marathon.
There are some highs.
But mostly you need to power through periods of stagnancy.
Set the direction you have conviction in, and then be consistent.
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Sei was built entirely in the bear.
We’ve had to work twice as hard for every win - fundraising, hiring, user acquisition.
But it’s this struggle that has molded us into who we are today.
The underdog mentality isn’t just a trait, it’s in our DNA.
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The Sei journey is a testament to the power of collective passion and purpose.
Every team member, from every corner, has poured their heart into creating something extraordinary.
Today, we see that dedication come to life.
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Underpromise. Overdeliver.
Testnet Q1 24, Mainnet (pending governance) H1 24
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Folks are spreading fake news that Sei v2 only addresses one thing, "parallelizing the execution environment" in isolation.
This is completely false. The Sei v2 proposal addresses every part of the stack, including state access, state commitment, and state storage. This is vital
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Sei is for art collectors
Sei is for degens
Sei is for devs
Sei is for gamers
Sei is for traders
Sei is for everyone
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Sei is the fastest chain in existence.
It has been getting a sustained ~400ms time to finality on mainnet since August (nearly 6 months now).
This is a magnitude faster than nearly every chain out there.
Fast chain gud chain 🔴💨
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Sei has always been an underdog.
And that's an advantage.
It doesn't matter how much money competitors have raised, or how big their team is, or how established they are.
All that matters is how well you execute.
And one thing that Sei has proven is that we can ship.
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Sei v2, the first parallelized EVM, is now live on mainnet alpha.
This represents the culmination of several months of effort to help scale the EVM, the biggest limitation for the broader adoption of crypto.
Time for the EVM to go Super Seiyan.
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Sei is giving me early Robinhood vibes.
Constantly hitting all time highs for new users and activity.
Massive product launches coming that the entire industry is excited for.
We’re onto something big here Seiyans.
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@larry0x
@JPMorinChase
Forreal ppl in most other countries will literally work their asses off for 30 years straight just to move into something that’s a fraction as nice as what OP posted
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Some v2 alpha
- The chain has been stable for a week now with no major issues
- Finality continues to be ~400ms
- Sei foundation announced a surprise airdrop for the community
- Nearly 40 projects have deployed so far
We're at the starting line of something amazing Seiyans
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cosmos sdk - tool to build new blockchains
cosmos hub - an L1 chain
cosmos - network of connected blockchains
atom - cosmos hub native coin
tendermint - consensus algo
tendermint core - implementation of tendermint
ibc - data transfer protocol
cosmwasm - smart contract framework
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Nearly 36 hours since the Sei v2 public devnet launch and no major issues so far
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sei less, dob more
happy to see everyone is building on SEI |
thanks for Assetify by
@seiyansnft
for the holder verification system
sei less, dob more
happy to see everyone is building on SEI
thanks for Assetify by
@seiyansnft
for the holder verification system
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The craziest thing about ETH Denver has been ppl's excitement about Sei.
We're doing something right Seiyans.
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It's happening.
The Sei v2 gov proposal is live - if it passes, the mainnet upgrade will be next Monday May 27th.
Time to go Super Seiyan.
Sei Pacific-1 validators have been notified that v2, an update to the Sei blockchain, is ready to be adopted on Mainnet, via an onchain proposal, beginning a 7 day governance approval process.
You can track the vote's progress here:
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born too late to explore the earth
born too early to explore space
born just in time to create memes about parallelized EVMs
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Sei v2 does NOT implement the EVM as a smart contract on top of Sei, or as a separate shard.
Instead, Sei v2 implements EVM natively into Sei as a first class citizen (identical to Cosmwasm).
This allows Sei v2 to have full EVM bytecode compatibility and also have synchronous
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I worked at Robinhood before we started
@Sei_Labs
After seeing the Gamestop saga unfold live, I became a massive decentralization maxi - trustless, transparent systems are the future
Excited to see the future of finance start playing out on
@SeiNetwork
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The goal isn't to be liked, the goal is to build the best product possible.
It's unavoidable for there to be a lot of hate as the Sei ecosystem gains traction.
That's a sign that things are working.
Heads down and focus on building.
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holy shit this is senseitional
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i dont think ppl fully understand how significant a parallelized EVM is
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Haters are a good problem to have.
Nobody hates the good ones.
They hate the great ones.
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starting to feel like theres a new NFT collection launching on sei every day 🤯🤯🤯
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this is actually wild
for nft sales:
sei > (base + avalanche + optimism + arbitrum)
thats right - sei is more than all 4 of those chains *combined* 🤯🤯🤯
On January 14, NFT sales on the Sei surpassed Ethereum, ranking second only to Polygon in total sales.
Over the past few days, Sei has outpaced the combined totals of Base, Avalanche, Optimism, and Arbitrum.
Solana and Volume will be added soon! 👀👇
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Continuing to be impressed by how quickly the Sei ecosystem is growing
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Haven't had a chance to try out Sei v2 public devnet yet?
Here's a quick video that shows the e2e experience
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The EVM is here to stay, but there's currently no good way to scale throughput.
Due to that, we started building Sei v2 - the first parallelized EVM.
Today, I'm excited to announce Sei v2 devnet - the first milestone towards scaling the EVM.
The First high performance Parallelized EVM Chain has hit a major milestone.
Sei’s permissionless Public Devnet has been upgraded to v2 and is now live for developers to begin their deployments.
It’s time to go even further beyond🔴
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Sei is built for users.
It’s not just about developing cutting edge tech.
More fundamentally, it's about solving a real problem.
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holy shit SNS getting almost as many 24h registrations as ENS
How to end the last day of 2023 in style!⛸️
Wishing a Happy New Year to the .sei community! This year marked our beginning, and in 2024, we're aiming for the skies.
Let's keep this momentum🏎️
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Given some questions we've gotten, sharing updates from
@Sei_Labs
on the recent events:
1) No accounts on SVB, Silvergate, or Signature
2) Fiat is spread across several banks
3) We transferred out of all USDC exposure well before any impact to exchange rate
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Open sourced tech is never a long term differentiator.
Anyone can fork Sei (or for that matter Ethereum or Solana) and have the same tech.
However, they won't be able to fork the ecosystem and the community.
The true long term differentiator ends up being community.
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Bull markets are noisy.
It's easy to feel bad by comparing yourself to others.
Stay in your own lane.
Zoom out and appreciate the progress you've made.
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Sei has ALWAYS been and will ALWAYS be built for users.
We do not believe in reinventing the wheel.
The only thing we're optimizing for is user-experience.
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bearish on fully remote teams that always have their cameras off during internal meetings
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An official deployment of uniswap v3 on sei would be fantastic to see. It is humbling to see how far the Sei eco has grown from mainnet launch just 7 months ago to now attracting interest from one of the true OG defi protocols on Ethereum.
If you are interested in supporting
It’s time
For Uniswap to launch on a parallelized EVM
In collaboration with
@wormholecrypto
and
@okutrade
We
@AranaVentures
are bringing Uniswap to
@SeiNetwork
Let’s dive into how Sei works and why this deployment is important
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Believing in Sei is massively contrarian
We're still so early
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what a time to be alive
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One of the biggest questions we got when starting
@SeiNetwork
is how we plan to economically secure Sei in the longer term.
The long term solution? Additive security - lets dive in🧵
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Sei's goal is to scale the EVM.
In line with that mission, we're excited to announce the natural next step to Sei v2 - The Parallel Stack, an open source set of tools to help create high performance L2s
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Just wait till Sei summer starts
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My first public conversation on Sei v2!
We talk about several things including
- inspiration for Sei v2
- modular vs integrated
- different approaches to parallelization
- how sei handles state bloat
- differences in Sei’s approach vs other chains
Thanks for having me on
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Excitement around memecoins reminds me of the GME days back in 2021
Except this time there are no centralized gatekeepers that can unilaterally turn off buys
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Reflections on 2023:
1) Moving fast and reacting quickly to user feedback continues to be critical, especially in crypto. Shipping and iterating is better than trying to launch something perfect from day one.
2) Real community is key. Sei has had a Cambrian explosion of
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Sei Labs eng team is the one of the fastest moving teams in crypto.
Crazy how much a small team of exceptional folks can do.
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I believe in the power of open source projects.
To say you stand for trustless and decentralized systems while building a closed source project is like saying you're a vegan while eating steak for every meal.
It means you're a complete hypocrite.
Sei is built fully in public,
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Fast chain gud chain
Everybody talking about how fast $SEI is…but how fast is it really?
FAST AF ⚡️🔴💨
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always be deeply skeptical of projects raising mega-rounds ($50m+) from VCs
lots of hype pre-launch, very few examples of successful ecosystems getting built afterwards
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HOLY SHIT 250k followers and 50k new followers in 3 days, insane growth for the
@SeiNetwork
ecosystem
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Already been over 7 months since Sei v1 mainnet launch.
Been a crazy ride so far Seiyans.
Going to get even crazier once v2 launches 👀
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Two VMs are better than one!
Sei v2 will support both EVM and Cosmwasm. Through the use of stateful precompiles and chain level message dispatches, EVM and Cosmwasm contracts will be able to call each other as well
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Sei v2 will combine the best parts of Solana and Ethereum
My thesis on the
@SeiNetwork
v2 upgrade is it will combine the best parts of Solana and Ethereum. They've stated many times this blockchain is focused on improving the user experience. Time to see
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Building in public isn't just about transparency.
It's about inclusivity.
Sei is for everyone.
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some fun stats about
@SeiNetwork
since launch earlier this week
- around 390ms p50 avg time to finality
- around 700k blocks created
- around 300k new accounts
- around 12.5M transactions
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Hoooooly shit 🤯🤯🤯
Thrilled to announce that
@opensea
has deployed on Sei. This marks a significant milestone for both Sei and the broader NFT ecosystem.
With Sei, OpenSea is leveraging rapid finality and throughput, creating the most seamless, web-2 like experience in crypto. Sei's approach to
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👀👀👀
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Seiyans leading the way
despite only gaining major traction in the last week, $SEI already has the 2nd highest share of on-chain tx’s.
more than AVAX.
more than Polygon.
more than BSC.
more than NEAR.
impressive 📊
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I like the art
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