Layer one trading blockchain Sei Network has reached a fully diluted valuation of $1.8 billion on the initial day of token listing.
On August 15, major exchanges such as Binance, Bybit and Bitget jointly listed the network's native token (SEI). On Binance, the token opened at $0.064 apiece before surging as high as $0.48. It currently trades at $0.18 at the time of publication. The total supply is 10 billion SEI and the initial supply is 1.8 billion SEI.