Sei Welcomes Levana’s Perpetual Exchange
Levana, a highly anticipated perpetual swaps platform, has announced that it will be powered by and launching on Sei's layer 1 blockchain. By choosing to build on Sei, Levana will leverage the chain's optimized infrastructure for trading, offering up to 30x leverage long and short with popular tokens such as Ethereum and Bitcoin with unparalleled time to finality. Sei has accrued over 150 commitments from teams to build in the ecosystem and a strong roster of projects set to launch at mainnet. The Sei Labs team recognizes that the best L1s act as publishers, focusing on how to distribute their builders products, similar to how centralized exchanges currently operate. With Levana's launch, Sei adds another valuable project to its ecosystem, which is expanding rapidly.
Levana is positioned to be a core product in Sei's ecosystem, offering traders a seamless and secure trading experience. The project's launch on Sei's Layer 1 blockchain will bring high leverage trading to Sei's users, enabling them to trade more efficiently. The project's integration with Sei's ecosystem will also allow Levana to access a wide range of tools and resources that will help it grow and scale to offer the best possible trading experience.
Recently, Levana announced the release of Levana's Perps v2, introducing a new type of perpetual swap platform to the market, the Levana Well-Funded Perps Model. A deep dive into the new perp model can be found here.
Momentum Heading into Mainnet
The momentum for Sei is strong, with testnet transactions (130m) and unique wallets (3.5m+) growing 3x month on month. The highly anticipated mainnet is expected to launch soon, marking the beginning of a new era for crypto trading. Sei's Layer 1 blockchain is designed to provide a fast, secure, and decentralized infrastructure for developers to build and deploy their applications. With Levana's launch, Sei is poised to become a major player in the high leverage trading market, offering its users access to some of the most innovative and cutting-edge projects in the space.
Sei's ecosystem is built on the principles of transparency, security, and decentralization. The platform's Layer 1 blockchain is designed to be scalable, flexible, and efficient, making it the perfect infrastructure for Levana and other projects to build on. As Sei's ecosystem continues to expand and evolve, it is likely that more and more innovative projects like Levana will launch on its blockchain, creating a vibrant and thriving ecosystem that benefits all of its users.
With numerous exciting applications set to launch on Sei, Levana is positioned to be amongst the core projects, offering up to 30x leverage long and short with popular tokens such as Ethereum and Bitcoin.
Levana's launch on Sei's Layer 1 blockchain is a significant development for both projects, as it brings together the best of both worlds: Levana's high leverage trading technology and Sei's fast, secure, and decentralized infrastructure. As Sei's ecosystem expands and gains momentum heading into mainnet, Levana and other projects will be well-positioned to capitalize on the growing demand for their decentralized applications and trading services.
Incentivized Testnet and Partnerships:
The Levana testnet is incentivized, partnering with Blocked.cc (starting Tuesday May 9th), and aims to encourage user engagement and provide valuable feedback to improve the overall experience. Check out the details of how to participate in the incentivized testnet on Sei with Levana here.
About Sei Labs
Sei Labs is a contributor to the open-source Sei blockchain, the fastest Layer 1 for trading. Sei's unique chain-level optimizations enable decentralized exchanges and trading apps to offer the best user experience with modern performance and scalability. The Sei Labs team is composed of industry veterans from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia.