Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows N/A.
Sei stands out as the pioneering sector-specific Layer 1 blockchain, tailored explicitly for trading, providing exchanges with a distinct advantage. Decentralized exchanges (DEXes) represent a cornerstone of the cryptocurrency landscape, transcending beyond just automated market makers (AMMs) and order books. DEXes have permeated various sectors, extending into NFTs and gaming realms. Presently, one of the predominant use cases for NFTs involves trading them on dedicated marketplaces, exemplifying yet another form of exchange. Similarly, within crypto gaming environments, most games feature built-in exchanges, facilitating the trading of in-game NFTs and tokens. DEXes wield substantial network effects, catalyzing the development of major ecosystems around them. Paradoxically, despite their prominence, decentralized exchanges remain one of the most underserved applications in the crypto sphere. They necessitate a unique set of requirements concerning reliability, scalability, and speed, surpassing the demands of other application types. Even a brief downtime for a significant exchange can have catastrophic consequences, underscoring the critical need for robust infrastructure. Historically, DEXes have thrived despite the limitations imposed by existing Layer 1 blockchains.