As of now, @SeiNetwork has adopted native USDC and CCTP v2. The integration of @Backpack with Sei is significantly enhancing Backpack's metrics more than anticipated. For instance, the lending market on Backpack Exchange is thriving, with over $413m lent, despite the absence of $USDC. ➜ Introducing USDC on Backpack could lead to a substantial boost, given its widespread adoption among DeFi users. Note that these speculations are theoretical; stay tuned for official announcements.
andrew.moh
andrew.moh22.7. klo 22.26
My thoughts: There are a few potential scenarios for the integration between @Backpack and @SeiNetwork: 1. Direct Support of Sei Network on the Backpack Wallet ➜ If this happens, it will be the first time Backpack supports a network other than Solana. Sei could then be adopted by Backpack's massive user base. However, given the different technological foundations of Solana and Sei, direct integration may be challenging. 2. $SEI appearing on the Backpack Exchange for Spot and Perpetual Contracts ➜ This would significantly enhance $SEI's DeFi metrics, especially if trading activity on the Backpack exchange is increasing. 3. Backpack Serving as a Bridge Between Solana and Sei ➜ This could boost transaction volumes on both networks, leveraging their active communities and strong metrics. What do I miss? Comment your thoughts below ⤵️
20,05K