There is news that the Backpack wallet and exchange support the SEI network. Many people may not understand Backpack. The company behind Backpack is Trek Labs / Coral, founded by former core technical personnel from FTX, Alameda, and Solana. Backpack is also a compliant exchange licensed by the Dubai Virtual Assets Regulatory Authority (VARA), and each exchange has its own chain. Solana and SUI each have their historical baggage, while SEI is currently very clean. Sei has now become the network recommended for use by Backpack, supporting native USDC. I believe there are two trends: - Support for asset distribution within the Sei ecosystem. - Choosing Sei as an important member of the exchange's public chain ecosystem, similar to how Binance crazily listed assets from the Solana ecosystem last year, creating a deposit of user assets. The pull of SOL and SOL-related assets strengthens the deposit of Binance, and as a new exchange, Backpack naturally needs users to have "money" to flow in. Sui is not suitable, BNB is not suitable, Sol is not suitable. I wonder if this native support is indeed choosing SEI; we will wait and see.
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