MonolithTKN

Sei recently announced Sei Giga, a full re-architecture of its Layer-1, designed to deliver 200k TPS and sub-400ms finality. With multi-proposer consensus, parallel execution, and a revamped storage engine, Sei Giga can position the it as the fastest EVM-compatible chain to date. This report breaks down the architecture, compares it to other high-performance chains, and models its potential ecosystem impact.

Unless incentive structures change, or there are ways for competitive protocols to implement either higher take rates on fees, or increase volume on their application through incentive programs, it seems that Hyperliquid will continue to consolidate its lead on both volumes as well as fees earned from those volumes.