Jeremy Wei
@jeremytwei
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core eng @Sei_Labs | long-term $TSLA investor
NYC
Joined June 2012
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Parallelized EVMs will change protocol design.
If you’re a smart contract developer building on ETH mainnet, your entire protocol design revolves around reducing storage costs and pushing anything you can off-chain. When gas costs are high, writing just 1 int to storage can cost
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How will existing EVM users benefit from SeiV2’s parallel EVM?
SeiV2’s EVM will be fully EVM bytecode compatible. This means all the same Solidity contracts deployed on other EVMs can be deployed as-is to SeiV2’s EVM and get a massive boost in speed and cost of execution.
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One of the coolest talks I've seen in a while--On-chain Solving by
@ThogardPvP
at ETH Denver's MEV Day. Some searcher alpha dropped:
- fully on-chain statistical arb - you can inject Binance prices into a tx and have it trade based on those prices to basically do a form of stat
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Been working on this for last few months, excited for people to try out the public devnet for our parallelized EVM chain.
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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SeiV2 really starting to come together if you know what I mean
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SeiV2: EVM 🤝 CosmWasm
SeiV2 will allow EVM and CosmWasm contracts to communicate through a precompile. This allows you to wrap any CW20 token in an ERC20 and vice versa, which means no liquidity fragmentation! All the existing liquidity on SeiV1 CosmWasm side will be available
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Want to check out the code for SeiV2’s parallelized EVM but don’t know where to start?
The code for SeiV2 is all open source. However, it can be hard to dig through an unfamiliar code base to find the part you’re interested in.
Will be highlighting some interesting sections
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To try out Sei's parallelized EVM public devnet:
- set up your wallet: …
- get funds using faucet: …
- apps:
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Reminder: Sei's blazing fast public devnet with full EVM Compatibility and 390 ms block times has been live for 1 month. If you want to try an incredibly fast chain with very low fees and super high throughput before it goes live on mainnet, now is your chance!
-- REMINDER: SEI V2 PUBLIC DEVNET HAS BEEN LIVE FOR ~1 MONTH --
👉 Sei v2 public devnet marks a significant milestone in blockchain technology as the first high performance, parallelized Ethereum Virtual Machine (EVM) blockchain.
Sei V2 is the first meaningful step in
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Silo bringing liquid staking to Sei along with future plans for MEV rewards 👀
$iSEI is poised to become a staple in Sei DeFi with exciting features coming in V2 like MEV rewards, Silo is here to grow deep roots within the ecosystem.
Join the forefront of innovation, start staking with Silo today! 🌱🚜
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Dang working for a startup is so much more fun than working at a big tech company...its not even close
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The parallelized EVM will be here soon enough. The question is, what will you build on it?
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SEI will bring solana speed and cost to the EVM, enabling a whole new class of dapps to be built that weren't feasible before.
100%.
With what I have been able to see/witness, this is just the beginning. SEI can be a game-changer for how L1s work in the next few years.
p.s. we have deployed
@gamblino_app
to sei internal devnet and even that experience was super-blazing fast! 🌬️
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giga bullish for SeiV2
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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SeiV2 - EVM, OCC, SeiDB
To learn more about each, visit Sei's forum:
- EVM -
- OCC -
- SeiDB -
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seems legit
BREAKING: Sydney Sweeney reveals in an interview with Vogue that Sei is her favorite L1 blockchain.
“I like, really got excited about Sei when I learned that Sei v2 is the first parallelized EVM, allowing Sei to get the best of Solana and Ethereum through a hyper optimized
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UniV3 🤝 SeiV2
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
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Sei will bring Solana-like speed and cost to the EVM 💪
dude SEI is lighting fast
from swaps to sending money from coinbase to SEI wallet on compass
it all takes less than a second to do
this chain is fucking goated mark my words
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The Parallel Stack 🔥🔥🔥
Parallelizing the EVM does not stop with launching Sei v2. It’s time to think even bigger.
As part of Sei Labs' mission to scale the EVM, it is creating an open sourced framework for maximally performant, parallelized L2 chains.
Introducing: the Parallel Stack.
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Wow EVM completely dominates
11/ Given how many devs are in Ethereum, we can look at EVM as a group to understand them better.
87% of developers work on at least 1 EVM chain.
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@WR4NYGov
uber investors are in for a rude awakening when tesla launches their robotaxi network
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Building in public, with your work in the open, is hard. Not many can stomach it.
Sei is being built in public, track the work happening here
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DEVS ARE DOING SOMETHING
last few weeks have been insanely intense, but i''ve never felt more bullish about any team
@stevenlanders
@zang_yiming
@jeremytwei
@udpatil314
@KartikB101
@TonyChenSF
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Will be at ETH Denver!
At Sei, we parallelize everything – even meals! 🥯🍔
Join us at ETH Denver for a Parallel Brunch, where we're mixing breakfast and lunch in true Sei style. An excellent chance to network and discuss with fellow Seiyans.
👉 Register here:
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While I have massive respect for the builders of the modular future of crypto, imho there are several fundamental issues of a shared data availability layer and multiple execution clients publishing to that DA layer. 🧵
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Sei is the most egalitarian thing I've ever seen. it's insanely ambitious, and if it works, can really reshape the fabric of society
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trading volume on Sei is up 600x in last 24 hrs 🤯
✦ NODES UPGRADED ✦
Meme coins have landed on
@SeiNetwork
! And with them 24H trading volume is up nearly 600x to $16.66M on just $4.69M in liquidity.
With the increase of demand on Sei, has upgraded to dedicated nodes. This should resolve UI issues Sei
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@InsideEVs
InsideEVs is resorting to clickbait headlines to get views: Are they going bankrupt?
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experience sub 1-cent fees and blazing fast finality with 400ms block times on our SeiV2 public devnet
When was the last time you saw such a gas fee on Metamask?
Talk to me fam, I post to be corrected.
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$TSLA in 2010 was at around $4.21.
#Tesla
's revenue has compounded at approx. 50%. If we compound their stock price at 50%:
2010: $4
2011: $6
2012: $9
2013: $14
2014: $21
2015: $32
2016: $48
2017: $72
2018: $108
2019: $162
2020: $243
2021: $364
2022: $546
2023: $819
2024: $1229
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@0x_Beans
@transmissions11
@fiveoutofnine
you would think the solidity compiler would optimize some of these things for you
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wow very cool chart from one of Sei's validators
The proof is in the numbers. Maybe you can see when we moved to SeiDB on this node.
Less waste.
Faster writes.
Faster execution.
Faster block processing.
A ton more of everything else.
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Today, almost all the EVM chains try really hard to stick very close to vanilla go-ethereum. Really looking forward to seeing more experimentation on the VM layer. Can see things on the horizon like:
- parallelism within a tx
- WASM controlling EVM state
- new opcodes, new
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@ClayTravis
This clip is taken completely out of context. Here's
@chamath
elaborating on his perspective.
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@ValueAnalyst1
@BMWGroup
@BMW
@BMWi
yea can they stop releasing concept EV and actually release an actually real compelling EV...
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LFG
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@sgoldfed
I don't think ppl are saying L2s don't count. They're saying it's still not good enough and not improving quickly enough. A swap on Arbitrum costs ~$.40 rn and even with proto-danksharding it'll cost over $.04, which is still too high. Not to mention L2s also have a ceiling on
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Seems like Jito's decision to suspend their Block Engine service was because it was allowing MEV searchers to sandwich trades. Without Jito's mempool function, it makes it much harder to do frontrunning/sandwiching.
It seems like everyone agrees that Jito simply backing out
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So cool walking into cafes at ETH Denver and overhearing people talk about Sei.
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@Kyrinker
@AlaskaAir
imagine if this happened tens of thousands of feet in the air and ppl did not have their seat belts on
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2024 is the year of Sei
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devs are buidling
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what did you just SEI
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Foundry is such an amazing testing framework. However, one downside of Foundry is that everything is single threaded. Would be sick to have a primitive to do some asynchronous/parallelism. Otherwise you can't do things like subscribe to events and process/react to them. This
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"it'll probably happen in our lifetimes. We just have to figure out how to make it work."
Enables control of your phone or computer, and through them almost any device, just by thinking.
Initial users will be those who have lost the use of their limbs.
Imagine if Stephen Hawking could communicate faster than a speed typist or auctioneer. That is the goal.
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👀
At this point, the Sei Parallel Brunch may be the most hyped event at ETH Denver.
Waitlist is currently 10x oversubscribed with registrations accelerating each day as we get closer 👀. Probably nothing…
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Shadow Events and Shadow Forks are a super cool concept. Allows you to easily make off-chain, gas-less events that can be tracked on a long-running fork. Should be a game changer for anyone trying to do on-chain custom analytics. It seems much much easier to do than writing
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When the iPad came out, Steve Jobs made a big deal about how app developers really needed to redesign their apps to take advantage of the larger screen. All the iPhone apps were developed with the constraints of the iPhone in mind and with the iPad a bunch of those initial
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gm Sei Spring coming soon
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Solana’s local fee markets is such an amazing feature. Pretty crazy how there doesn't seem to be widely discussed plan to implement this on ETH.
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You can reduce all malicious MEV (any frontrunning/sandwich attacks) by just using private transactions (send through Flashbots)
You can reduce ~95% of malicious MEV by cutting block times and moving AMM to CLOB (no sandwich attacks on a CLOB)
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LFG 🔥🔥🔥
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Being good at copying others is underrated
Everything is plagiarized.
Apple copied Xerox
Microsoft copied Apple
Xerox itself is literally a copier
Google copied the entire internet
Picasso says geniuses steal
I plagiarized my parents genes
The beatles copied beethoven, roll over
ChatGPT makes shit up based on the
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SeiV2 launch dates
Underpromise. Overdeliver.
Testnet Q1 24, Mainnet (pending governance) H1 24
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Interesting how incentivizing L2s to move to shared sequencing and become based rollups on ETH L1 hinges on fees generated from MEV going down a lot. Seems like a bit of a gamble to say this will happen in the short term. Will be interesting to see how it plays out.
@nickyBLUeyes
This is discussed in the episode:
1) shared sequencing increases execution fees—more fees, not less
2) rollups don't want to extract MEV at the expense of users—Arbitrum and Optimism sequencers protect against sandwiching; users want MEV protection
3) MEV will go down
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Dragonswap will take advantage of all the unique features of SeiV2 🔥🔥🔥
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Trade Sei perps on Solana
We are ringing in this holiday season with a new market! 🎁
Trade SEI-perps with up to 10x leverage on Drift, the fastest DEX on Solana
Which market do you want to see listed next?
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Awesome explanation on the benefits of optimistic parallelization, one of the major performance improvements coming in our SeiV2 upgrade.
Let's talk about parallelization, specifically Optimistic Parallelization. This is a fundamental concept initially created in database management that dates all the way back to 1979 🤯
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Sei stats even before SeiV2 launch. The benefits of getting the product quickly into the hands of users.
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Pro tip for reducing taxes: consider using HIFO (Highest Cost Basis) instead of FIFO (First in first out). Did this on
@koinly
and it dropped my capital gains by a lottttttt.
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inscriptions make sense on a utxo-based blockchain like BTC where each satoshi is unique (and therefore not truly fungible) and where you can inscribe data on each satoshi. BTC has such limited functionality that an inscription is the best you can do. I feel like it doesn't
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It's kinda interesting how ipfs is supposed to be decentralized storage but ppl still aren't happy when the nft data is stored there and not on-chain. Does this mean the golden standard for data storage is on-chain?
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Solana to target 120 ms block times 🤯. Solana development moves very fast and that is a huge advantage they have over the ETH community, who are mostly bound by EF's slow development pace. However, Sei and Monad's L1 EVMs will give Solana a run for their money.
My hopes for 2024:
* incremental improvements to labs solana client implementation
* 50/50 odds of fire dancer full mainnet out by breakpoint
* after fd is on mainnet protocol governance starts activating: state compression, write lock ema fees, abi v2
* work on stateless
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much wow
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It kinda does make sense that there would be insane demand for a hyper-performant EVM
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@aeyakovenko
proposing the concept of charging a fee to acquire a write lock on an account as well as a fee calculation mechanism to reduce/increase cost of failed txs. It's cool that solana controls their own virtual machine, so they can more easily make changes to the gas model
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Need to make the ethereum research forums a part of my information diet.
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ETH -> Sei
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wow very cool
my referral code
Introducing Light: a new approach to tackle EVM UX fragmentation.
Light enables users to seamlessly interact with any EVM chain (including L2, L3s) as if you're using one single network.
The goal is to make using Ethereum a smooth experience everywhere.
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let the parellelized EVM wars begin
2024 will be the year of the parallel evm - rooting for everyone working on this problem incl. monad/sei/polygon and other teams that I forget.
also excited for our own internal efforts there and pushing the boundaries on database design
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Tenderly coming to SeiV2. LFG 🔥🔥🔥
Seiyans, are you excited about using Tenderly to build on
@SeiNetwork
? 🔴💨
Well, soon you will be able to. 😌
Join us on Thursday at 5 PM UTC and hear
@BogdanHabic
highlight Tenderly features designed to help you build fast and efficient dapps. 🔜
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Imagine what the TVL will be when parallelized EVM launches on mainnet
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