Sei is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an unfair advantage. Decentralized exchanges (DEXes) are the killer app of crypto. They are everywhere, spanning much further than just AMMs and orderbooks. DEXes are just as prevalent across NFTs and gaming as well. One of the primary use cases of NFTs today is trading them on an NFT marketplace, another example of an exchange. Most games in crypto have built-in exchanges for users to trade the in-game NFTs and tokens. DEXes command the largest network effect, major ecosystems get built around them. Ironically, decentralized exchanges are also the most underserved application in crypto. They demand a unique level of requirements for reliability, scalability, and speed that no other apps need. If a large exchange goes down for a few moments it’s catastrophic, but the same downtime is far more tolerable for most other application types. Historically, DEXes have succeeded in spite of the drawbacks of existing Layer 1 blockchains.
