Sei surges 13% amid launch of mainnet beta v2

Sei, the Layer 1 blockchain, has experienced a surge of 13% in its native token, SEI, following the launch of the beta version of its Sei v2 mainnet. The blockchain claims to be the “most performant EVM blockchain ever built.” Currently, Sei is trading at $0.3422 with a daily trading volume of $211 million, representing a 48.2% increase in value in the last 24 hours. The integration of Geth, a popular Ethereum software, has enhanced Sei’s system, enabling swift and cost-effective crypto trading. The completion of phase 2 of Sei v2 coincides with the launch of a $10 million grant fund by the Sei Foundation to fuel growth in NFT and Social projects.