Levana Perpetual Swap Beta Now Live on Sei Network’s Testnet: A New Era for Decentralized Crypto Trading
We are thrilled to announce that the Levana Perpetual Swap beta is now live on Sei Network’s testnet! This marks a significant milestone for Levana as the Sei Network takes a major step towards revolutionizing the core use case of crypto — trading. With numerous exciting applications set to launch on Sei once they come to the mainnet, Levana is positioned to be a core product, offering up to 30x leverage long and short with popular tokens such as Ethereum and Bitcoin.
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.
About Sei
The Sei Network focuses on what makes crypto great, with an emphasis on trading and a robust ecosystem of applications.
Exciting Applications on Sei:
Some of the applications we are excited about include:
- Mizu: An NFT marketplace that will transform the way digital art and collectibles are bought and sold.
- Eclipse: A launch pad to help innovative crypto projects take off and gain traction.
- Astroport: An Automated Market Maker (AMM) that will facilitate seamless token swaps and liquidity provision.
- And many more, offering a diverse range of use cases and opportunities for users.
Sei: Is the fastest L1 for trading:
Sei is a new Layer 1 blockchain being built with exchanges like Levana in mind. Its impressive list of funding partners includes Multicoin, Jump, and GSR.
Sei is a permissionless chain, meaning anyone can build an application on it without needing to get approval. This means innovation.
The Levana vision and the Sei vision align to bring innovating trading experiences that take trading experiences and make then new and fun.
The Sei Labs team believes that exchanges are the most important application in crypto, whether you consider DeFi, NFTs, or gaming. The To that end, Sei is designed with numerous optimizations such as parallelization and a modified Tendermint consensus, making it the fastest chain to finality currently in existence, with an impressive 300ms.
Sei Labs’ Unique Approach:
The Sei project 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 customers’ (developers) products, similar to how centralized exchanges currently operate.
The Sei Marketing, BD, and Grants program team have shown to be best in class in the loud world of crypto.
Momentum and Upcoming Mainnet:
The momentum for the Sei Network is strong, with testnet transactions (130m) and unique wallets (3.5m+) growing 3x month on month. The highly anticipated mainnet is expected to launch in the next two months, marking the beginning of a new era for crypto trading.
Conclusion:
With the Levana Perpetual Swap beta now live on Sei Network’s testnet, the future of crypto trading has never looked brighter. As we eagerly await the mainnet launch and the arrival of exciting new applications, Sei is set to redefine the core use case of crypto and change the way we trade, interact, and engage with the world of digital assets.
Check out the details of how to participate in the incentivized testnet on Sei.
Follow Levana on our social channels to learn more about how to participate in our launch.
