"Sei's fundamentals have officially changed since the listing of Circle. 》 (The full text is not extensive, only from the stress response of an alpha research team) 1. Sui and Sei are public chains laid out by Coinbase and Circle as early as 2022, if you think they are inexplicable before this, it is right. According to the public information of CryptoRank or RootData, you can check: August 31, 2022: Multicoin Capital and Coinbase Venture invested in Sei in seed round, which raised a total of 5M December 15, 2023: Circle has an undisclosed investment round September 18, 2022: Coinbase Venture and Circle Venture (and A16Z) invested in Sui in Series B, raising a total of 300M in this round (To briefly add that in 2022, Coinbase, Circle and A16Z also invested in Aptos, and Optimism has always been invested by A16Z and Paradigm) The four chains mentioned above are all in the asset table of the Circle IPO, except for BTC and ETH, just the four of them. There is a high degree of certainty speculation that from 2022, Coinbase and Circle have been laying out public chains. What for? None of this seemed very clear until then. In the list of candidate blockchains in Wyoming, the first state of the United States to legislate stablecoins, all four chains were selected. Aptos and Solana are tied for first place with 32 points, followed by Sei with 30 points. So teachers, I think, this is Coinbase and Circle doing. I don't particularly understand, but I always feel that there is capital in the game! Is this going through the channels of state government in the United States?