Sei Blockchain Makes Waves in Asia with Japan Approval and Exchange Listings
Sei, a Layer-1 blockchain, has made waves in Asia, securing approvals in Japan and expanding its reach. This allows listings on major exchanges like Binance Japan and OKX Japan. Despite its lower market capitalization and total value locked (TVL), Sei ranks among the top three in Korea by trading volume.
Sei's growth is notable in GameFi and SocialFi sectors, where it has outpaced Solana in daily active users on certain days. This growth is attributed to Sei's unique offering: it combines high throughput benchmarks with EVM compatibility, eliminating switching costs for developers coding in Solidity.
Sei's team operates with a 'prudent, impact-focused' mindset, enabling it to navigate market downturns effectively. The team is committed to staying compliant and responsive to regulatory changes, ensuring long-term success in the APAC region.
In the next 12 months, Sei plans to balance onboarding institutions through RWA tokenization and building a broader developer base in talent-rich hubs like Vietnam and Indonesia. This strategic expansion is supported by global partnerships and Japan's stringent exchange licensing process, which Sei has successfully navigated.
Sei's entry into Japan's exchange licensing process is rare, given its stringent nature. This approval, along with Sei's innovative approach to blockchain development and its strategic expansion plans, positions Sei for significant growth in the APAC region.
