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In an industry where technological advancements and narratives evolve at an increasingly rapid pace, parallelized Ethereum Virtual Machines (EVMs) have emerged into the spotlight, claiming to offer crucial solutions to scalability and efficiency challenges currently faced by the EVM.
Two contenders have emerged as frontrunners — Sei Network and Monad. Both are at the forefront of parallel execution, introducing innovative approaches for processing transactions and smart contract executions more effectively and efficiently. Notably, while Sei Network has already introduced its token (SEI), Monad remains in the development phase.
The rise of the 'Parallelized EVM Narrative' has seen SEI's performance soar, with the token value increasing by over 500% in the last three months, significantly outperforming ETH's 50% rise in the same timeframe.
This report aims to provide a high level analysis of parallel EVM implementations and potential impacts of Sei Network and Monad. The report will thoroughly examine the distinctive features, potential challenges, and opportunities that SEI and Monad bring to the forefront of blockchain technology.
Disclosure: The author holds a position in SEI.
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