SEI is an L1 blockchain designed to serve as the go-to chain for new decentralised exchanges (DEXs) in the realms of DeFi, NFTs, and gaming. The native utility token, SEI, currently holds various use cases. These include covering network fees and allowing users to pay for transaction fees within the SEI blockchain. Leveraging the Cosmos SDK, SEI focuses on the trading sector, ensuring specialisation and efficiency. Unlike app-specific blockchains in the Cosmos ecosystem that cater to a single application, SEI embraces multiple DEX applications within its sector.