The digital asset Solana (SOL) is facing competition as the Sei Network (SEI) is quickly increasing in value due to a new investment from USDC issuer Circle. SEI, a layer-1 blockchain, has seen its value surge more than 110% to reach a high of $0.250 from its earlier value of $0.118. The investment from Circle is meant to expand the use cases for USDC, a dollar-pegged digital asset. According to SEI, its blockchain network is faster than Solana's, with a transaction finality of 500 milliseconds in comparison to Solana's 2.5 seconds. SEI also has the capability of 20,000 orders per second (ops) compared to Solana's 10,000 transactions per second (tps). As the blockchain industry evolves and develops, new initiatives such as the SEI Network will be increasingly welcomed as they explore different ways to optimize performance and user experience.



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