In recent years, the focus of competition in public blockchain infrastructure has gradually shifted from "whether it can run smart contracts" to "whether it can efficiently support large-scale asset transactions and complex applications while maintaining acceptable security." Ethereum has achieved layered scaling through the Rollup approach, forming a basic structure of "Layer 1 settlement layer + Layer 2 execution layer." However, in actual operation, the throughput of Layer 1 and most Layer 2 remains at the single-digit to tens of transactions per second, with transaction confirmation times generally measured in seconds to minutes. This makes it difficult to fully meet the performance requirements of high-frequency trading, derivatives markets, and the potentially massive Tokenized Asset (RWA) market. In contrast, some high-performance Layer 1 blockchains, such as Solana, have made significant progress in throughput and cost through their unique PoH consensus mechanism and parallel execution architecture. However, this often requires developers to adopt new programming languages and toolchains, with compatibility and migration costs becoming new constraints. Against this backdrop, "Parallel EVM" has gradually become an important technological direction in public blockchain scaling solutions in the past two years, and Sei Chain has emerged as a rising star in this field. At the end of 2025, Sei announced its cooperation with Xiaomi on its official blog, which attracted widespread attention online. Its plan is to cooperate with Xiaomi from 2026 on pre-installing Sei-supported wallets and Web3 exploration apps on the new models of the manufacturer for markets outside mainland China and the United States, and to set up a $5 million Global Mobile Innovation Program [6] to fund the development of applications around mobile phone scenarios. (It should be emphasized that this cooperation is currently mainly disclosed by Sei, and related reports are mostly from Web3 media; so far, Xiaomi has not issued an independent statement of the same strength on its main official channels.) In the current stage where public chains and scaling solutions are highly differentiated, how to properly position Sei has become a question worth discussing: it is different from the mainstream path of Ethereum's "settlement layer + Rollup", and it is also different from the single high-performance L1 of Solana and other projects that use custom virtual machines; at the same time, the parallel EVM narrative is not unique to Sei, and projects such as Neon and Monad have adopted similar technical directions. Simply categorizing Sei as "yet another high-performance public chain" or "an Ethereum alternative in some sense" fails to accurately reflect its actual positioning. The above content is excerpted from Web3Caff Research's "High-Performance Blockchain Sei Network 17,000-Word Research Report: Parallel EVM Towards High-Frequency Financial Execution Layer, Can It Support an 'On-Chain Wall Street'? A Panoramic Analysis of Its Development History, Technical Architecture, Ecosystem, Risks, Challenges, and Future Prospects" Click to view the full version 👇