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Sei Releases Sei V2 Pioneering parallelized EVM, Sei offers a potential solution for scaling within the Ethereum ecosystem, contributing to the scalability of the cryptocurrency industry. Performance Data Transaction Finality ~ 380ms Orders per Second ~ 20,000 Total Testnet Transactions ~ 100M+ Testnet Users ~ 4M Performance testing of Sei has shown that a single blockchain can process over 5,000 transactions per second with a finality time as low as 300 milliseconds and a theoretical TPS of around 12,500. When considering batched order processing, Sei could handle approximately 28,000 operations per second. Features and Parallelized Blockchain of Sei V2: Sei V2 introduces a backward-compatible EVM, optimistic parallelization, segregated state commitments from state storage to reduce block processing time, and interoperability between EVM contracts and Cosmwasm smart contracts. The optimistic parallelization in Sei V2 can automatically parallelize smart contracts, reducing developers' workload. With an average finality time of 390ms, Sei becomes the fastest Layer 1 in history, surpassing other high-performing Layer 1s and Layer 2s. The Future of the SEI Ecosystem: The Sei V2 testnet launch is planned for the next month, with the transition to the mainnet scheduled for the first half of 2024, ensuring the highest security and efficiency through rigorous governance and auditing processes. The Sei ecosystem is thriving with hubs of activity led by Astroport, Silo Stake, Pallet, Webump, Colony, and Seiyans. Sei’s Ultimate Goal and Vision: The future development of the Sei ecosystem and its collaboration with Ethereum and Cosmos will be a focus point. The performance testing of Sei V2 has demonstrated its potential in handling a large volume of transactions. Sei V2 aims to combine the tooling and developer community of Ethereum with the performance and speed advancements of Solana, providing the optimal environment for applications to serve the next billion users.