Sei Network's SEI Token Gains Over 75% as EVM-Compliant Blockchains and Parallelization Drive Growth

The SEI token of Sei Network, a trading-focused blockchain designed for speed and low fees, has seen over 75% gains in the past week due to the rise in popularity of EVM-compliant blockchains and the parallelization process. The network's on-chain metrics are heating up, with the growth of ecosystem plays like SEIYAN and SEILOR tokens and an increase in SEI futures open interest indicating mounting interest in the network. The recent token trading frenzy in blockchains such as Solana and Avalanche is driving speculators to bet on blockchains other than Ethereum, and networks such as Sei are benefiting. The developers of Sei Network are planning a major upgrade that will make the network the fastest blockchain in the market and introduce parallelization, which could be driving hype for Sei.