Where’s SEI Headed?! Sei Crypto Review & Predictions!

Summary

Say, a blockchain project launched in 2022, aims to compete with Ethereum and centralized exchanges by utilizing Ethereum's virtual machine and Cosmos-based technology. With innovations like a parallelized EVM and lightning-fast transaction speeds, Say promises scalability and reliability. While it has seen significant ecosystem growth and integrations with major platforms like Binance and OpenSea, challenges remain in competing for developers and adoption. The project’s potential hinges on the success of its dApp development and stablecoin integration. If it can overcome these hurdles, Say may see substantial market growth, particularly if Ethereum’s ecosystem recovers.

Takeaways

• 😀 Say is a new blockchain project that leverages Ethereum's virtual machine (EVM) for smart contracts, but with improvements that make it faster and more scalable.
• 😀 Unlike other EVM-based blockchains, Say uses Cosmos's technology and Tendermint consensus to reduce the risk of frequent outages seen in other fast blockchains.
• 😀 Say's parallelized EVM allows it to process smart contract transactions in parallel, which significantly boosts speed, handling over 12,500 transactions per second.
• 😀 Say's parallelized EVM launched in July 2024 and has since contributed to the project's recent price rally.
• 😀 Say has faced competition from other projects like Monad, which also plans to launch a parallelized EVM, but Say's relatively lower funding ($45 million) compared to Monad’s ($225 million) affects its competitive position.
• 😀 Key milestones for Say include listing on OpenSea, integration with interoperability protocol LayerZero, and partnerships with projects like Dune and Gitcoin to boost its ecosystem.
• 😀 Liquidity has been one of Say’s major boosts, especially with USDT integration and Binance support, which has attracted over $200 million in total value locked (TVL) in DeFi protocols on Say.
• 😀 Say's parallelized EVM and liquidity boosts, like the launch of Superion Stak ETH (SS ETH), make it a strong contender for Ethereum’s liquidity and ecosystem, despite competition from Ethereum’s Layer 2s.
• 😀 Say faces challenges with investor sell pressure due to aggressive vesting schedules and a large increase in supply over the past 10 months, which could limit its longer-term potential.
• 😀 For Say to differentiate itself from other blockchain projects, it will need to launch innovative decentralized applications (dApps) and potentially leverage stablecoin regulations to create a killer use case, especially with Circle backing Say.
• 😀 Despite some hurdles, Say’s unique features, strong ecosystem growth, and Dragon Ball-themed meme culture could fuel its potential rise in the next crypto market cycle.

Q & A

What is the main focus of the cryptocurrency project 'Say'?

The main focus of 'Say' is to be a decentralized alternative to centralized stock exchanges, similar to the original vision of Solana, but with enhancements for broader use cases, including smart contracts using Ethereum's virtual machine (EVM).

How does 'Say' differ from Ethereum and other Ethereum-based blockchains?

'Say' stands out due to its use of the Cosmos-based Tendermint consensus, which offers better stability and scalability. Additionally, it has innovated by parallelizing the EVM, enabling faster transaction speeds compared to other Ethereum-based chains.

What are the three key innovations that make 'Say' unique?

The three key innovations are: (1) a Cosmos-based blockchain with Tendermint consensus for stability, (2) the Twin-Turbo consensus for faster block propagation, and (3) a parallelized EVM, allowing for the simultaneous processing of smart contract transactions.

How does 'Say's' transaction speed compare to other blockchains?

'Say' boasts a block time of 380 milliseconds and can process over 12.5k transactions per second, making it one of the fastest blockchain networks, especially for Ethereum-compatible smart contracts.

What role did meme coins play in 'Say's' growth?

Meme coins, specifically the Super Cyan-themed coins inspired by Dragon Ball, helped boost 'Say's' community growth and attention, making it stand out in a crowded market of Ethereum killers.

Why is 'Say'’s parallelized EVM important for its performance?

The parallelized EVM allows 'Say' to process smart contract transactions in parallel, significantly increasing the network's efficiency and speed, which contributes to its high transaction throughput and low block times.

What impact did Binance's support have on 'Say'?

Binance's support, which included adding 'Say's' parallelized EVM to its platform, provided a significant liquidity boost, allowing Binance's 200 million users to easily transfer funds in and out of 'Say'. This was a crucial factor in the growth of 'Say's' total value locked (TVL).

What challenges does 'Say' face in its growth?

'Say' faces several challenges, including heavy competition from other Ethereum-based projects, the need to attract developers for dApp creation, and potential sell pressure from early investors as their tokens vest. Its reliance on liquidity and adoption through use cases like gaming and social apps also presents hurdles.

What are 'Say's' plans for future growth?

'Say' plans to expand by adding more stablecoins (like USDC) to its ecosystem and focusing on developing use cases in gaming and social finance (social Fi). The project also hints at attracting more developers and launching key decentralized applications (dApps) to drive adoption.

How does 'Say' intend to compete with Ethereum’s Layer 2 solutions?

'Say' competes with Ethereum’s Layer 2 solutions by offering the fastest EVM chain, which theoretically makes it an attractive destination for liquidity. However, it must also differentiate itself through unique dApps and strong developer support to stand out in a crowded market.