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crypto.news 2025-05-19 18:02:25

Sei Labs releases whitepaper for Sei Giga targeting multiproposer EVM L1

Sei Labs releases whitepaper for Sei Giga targeting multiproposer EVM L1

Sei Labs, the main contributor to the layer 1 blockchain Sei, has announced the release of the Sei Giga whitepaper that outlines the design of the industry’s first multi-proposer Ethereum Virtual Machine layer 1 blockchain. Sei Giga is Sei ( SEI ) blockchain network’s new path towards becoming the first multi-proposer Ethereum Virtual Machine L1. According to an announcement shared with crypto.news, the upgrade proposes a design of parallel blocks, powered by the Autobahn consensus protocol. It means Sei Giga brings a solution to network bottlenecks related to data availability, execution, and storage, among others. The whitepaper release is the latest major development for Sei as the layer 1 blockchain continues its traction as one of the fastest-growing ecosystems in the market. Read more: Sei proposes EVM-only architecture, phasing out Cosmos transactions and smart contracts Sei has secured over $30 million from some of the leading venture capital firms in the crypto space, including Jump Crypto, Multicoin Capital, and Coinbase Ventures. “Sei Giga is not just another EVM chain — it’s a reimagining of what’s possible for blockchain performance,” said Jay Jog, co-founder of Sei Labs. “By moving towards multi proposer consensus and rebuilding the execution environment from the ground up, we’re unlocking the scale and speed required for real-world, high-throughput applications — all while maintaining trust guarantees and ease of use of Ethereum.” Analytics firm Nansen recently pointed out that Sei outpaced other chains as a gaming explosion helped active addresses rise. In the past 24 hours, the active address count has jumped 44%, with over 457k addresses. Daily transactions have also increased by 43% to over 1.03 million. Over the past week, @SeiNetwork had the highest change % in active addresses. With that being the case, top sectors by users on the network: 🎮 Gaming is dominating: – @nika_labs : 323K users – @EUFTonSEI : 111K users – @dragon_slither : 28.8K users pic.twitter.com/5bVjqHg7FW — Nansen 🧭 (@nansen_ai) May 19, 2025 Sei Giga features include 5 gigagas throughput, 200k transactions per second, and sub-400 millisecond finality. Sei Giga introduces more than 50x throughput, 70x faster block production, and an execution efficiency of 40x. EVM compatibility means support for Ethereum smart contracts, enabling seamless integration with ETH apps. Decentralized exchanges and trading apps can leverage the upgrade to bolster their user experience. You might also like: Solana’s Sonic SVM chain introduces new burn mechanism to boost liquidity

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