Video | Dialogue with Sei Founder Jay: Belief and Survival Rules Through the Crypto Super Cycle
Video | Conversation with Jay Jog, Founder of Sei: Belief and Survival Strategies Through Crypto’s Super Cycle
Jay Jog, co-founder of Sei, shares his journey from Robinhood to building the world’s fastest blockchain. The 2021 GameStop short squeeze and Robinhood’s trading halt revealed structural flaws in traditional finance, inspiring the creation of Sei—a high-performance, decentralized alternative to Nasdaq.
Sei began development in 2021, launching its Cosmos-based V1 mainnet in August 2023. To attract more developers, the team integrated EVM support, addressing Ethereum’s scalability limitations. With the launch of parallel EVM in July 2024, Sei achieved up to 50x performance improvements, processing over 5 billion transactions and attracting 100 million unique wallets.
Major institutions like BlackRock, Brevan Howard, and Ondo have launched products on Sei, drawn by its growing user base and distribution channels rather than underlying tech alone. Jay emphasizes that real adoption comes from killer apps and user growth, not just high TPS.
Reflecting on his journey, Jay highlights the challenges of fundraising after Terra’s collapse and the importance of building through bear markets. He remains optimistic about crypto’s future, citing real-world adoption and regulatory progress.
Sei’s vision is a “Wall Street on-chain.” Upcoming upgrades like Sei Giga aim for another 50x performance boost, enabling Nasdaq-level order book systems. The team is also focusing on permissionless asset trading and internal app incubation to drive ecosystem growth.
Jay advises investors to build strong conviction in crypto’s value rather than following hype. For developers, he recommends focusing on financial applications and emerging opportunities like AI agent payments, which align with internet-native currencies.
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