Sei announces the latest progress of the testnet: over 6.7 million independent wallet addresses, and more than 260 million transactions processed

ChainCatcher news, the "Zhen" series event co-hosted by ChainCatcher and RootData was held today in South Korea, with the theme "The New Opportunity of Web3 in Seoul." Jeff, co-founder of the public chain [Sei](https://www.rootdata.com/zh/Projects/detail/Sei Network?k=Mjc5MA==) Network, stated in his keynote speech at the event that blockchain, as the infrastructure for digital asset trading, still faces multiple trading challenges such as scalability, congestion, and slow transaction speeds. Sei is committed to overcoming these trading challenges and becoming the "highway" for any digital asset trading activity globally.

Currently, Sei's technological advantages are mainly reflected in three aspects: Sei's Twin Turbo consensus mechanism allows for a block confirmation time of only 300ms; market-based parallelization enables Sei to achieve 10 times the throughput of high-performance chains during operation; at the same time, Sei utilizes frequent batch auctions to resist MEV, ensuring that the transaction ordering within batches does not affect prices.

In addition, Jeff also announced the latest progress of the Sei testnet, which currently has over 6.7 million independent wallet addresses, processed over 260 million transactions, and has more than 150 collaborative projects in its ecosystem.