[Sei] - DEXs Competition in Sei

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    Sea Swap is an on-chain system of smart contracts on the Sei Network that leverages CosmWasm. These smart contracts implement an automated market maker (AMM) protocol based on the constant product formula.

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    Astroport is the central space station of the DeFi solar system, where travelers throughout the galaxy meet to exchange assets in a neutral marketplace. The philosophy behind Astroport is simple:

    Enabling decentralized, non-custodial liquidity and price discovery for any crypto asset.

    Fuzio Network is a one-of-a-kind platform that combines the best aspects of finance and strategic gaming to create an immersive, skill-based experience. Our platform boasts an array of diverse DeFi offerings, such as prediction games, a permissionless decentralized exchange (DEX), a Launchpad for new projects, and liquid staking solutions.

    Sei is a Cosmos-based layer-1 blockchain with a mission to change the world of digital asset trading, especially in the decentralized exchange (DEX) ecosystem.

    It aims to import the speed and ease of trading that most centralized exchanges offer customers, without sacrificing the security and decentralization that underlies the blockchain ecosystem.

    While centralized exchanges are quite limited in their service offerings, Sei is asset and application-agnostic. This means the network offers access to thousands of tokens across different blockchain applications in its ecosystem. Given this, users can effortlessly trade across the decentralized finance (DeFi), non-fungible tokens (NFTs), and Game Finance (GameFi) ecosystems on the Sei blockchain. This expansive offering has led the developers to nickname it the ‘Decentralized NASDAQ.’

    Since the 2021 crypto boom, digital asset trading has become a major force in the financial markets. The crypto market hit a record high of $2.92 trillion during that period. However, this good tiding also brings its own set of challenges. More decentralized applications (dApps) are springing up by the day, yet the current layer-1 and layer-2 infrastructures are not optimized and have been unable to meet the explosive demand.

    This is apparent as more than 90% of the crypto trading ecosystem is controlled by centralized crypto exchanges. Sei refers to this as the ‘Exchange Trilemma’ in its litepaper. It posits that several dApps cannot enjoy a combination of top-notch security, full decentralization, and capital efficiency. The absence of a suitable blockchain addressing this challenge has been a fundamental reason why various dApps have fallen prey to malicious actors over the last two years.

    Introduction