“Infrastructure and applications historically come in cycles – Ethereum and the last generation of public blockchains led to a Cambrian explosion of new decentralized apps over the past two years. Among those apps, exchanges and trading have achieved the clearest product-market-fit, but are held back by outdated layer 1 blockchains. Our mission at Sei is to build the best infrastructure for trading,” Sei Labs co-founder Jayendra Jog said in the press release.