Retailers Will Get into SEI Now, and the Whales Will Dump on Them
Whenever a clear favorite protocol emerges, it’s important to examine its ecosystem and identify potential winners. Here are three SEI ecosystem projects that you should keep an eye on.
1) Astroport
Astroport is the leading decentralized exchange (DEX) on Sei. It originated from the Luna ecosystem and has made a strong comeback. With 171 trading pairs available, Astroport allows other decentralized applications (dapps) to integrate its liquidity directly into their platforms, enabling traders from multiple chains to access each other’s liquidity.
Coingecko: https://www.coingecko.com/en/coins/astroport-fi
Social activity – High.
Development – good.
Audit – done, good.
Tokenomics – okay | 423M circulating and 1.1B total supply.
Red flag – Low volume and liquidity, and the token contract is still in Terra.
2) Pallet Exchange
Pallet Exchange is a native NFT marketplace on Sei. It recently achieved a $1 million volume day, indicating strong interest in NFTs on the platform. Pallet features popular NFT collections like The Colony, WE Bump, and Seiyans, which have recorded impressive trading volumes.
Source: Pallet
Here are some important indicators to consider:
- Social activity – High.
- Development – not available to review.
- Audit – none.
- Tokenomics – token not announced yet, possible airdrop.
- Red flag – Protocol success depends on the success of SEI.
3) Levana Protocol
Levana Protocol is a crypto-collateralized perpetual swap platform available on Osmosis, Sei, and Injective. It offers high yields and low fees across different blockchains.
Coingecko: https://www.coingecko.com/en/coins/levana
Social activity – Low.
Development – Slow, okay for a perpetual dex.
Audit – done, good, minimized LP hacks.
Tokenomics – bad | 39M circulating and 1B total supply.
Backed by – Delphi, Animoca – excellent.
Red flag – Levana was hacked in December but has resolved the issue and reimbursed affected LPs.
Hot Take: Retailers will get into SEI now, and the whales will dump on them
The emergence of SEI as a favored protocol may attract retailers, but it’s important to be cautious. Whales may take advantage of the situation and sell off their holdings, potentially causing price volatility. It’s crucial to stay informed about the SEI ecosystem and carefully evaluate projects within it to make informed investment decisions.
By
By
By
By