Upon careful consideration, Polymarket is not a web3 product; at its core, it is still a web2 product based on zero-sum games, with the blockchain serving as the settlement layer. Similarly, is a public chain really a web3 product? After pausing to think, its essence remains the service layer of internet finance. The same goes for Sei. In 2025, Sei's on-chain activity is noteworthy, and unexpectedly, it has also delivered good results at the start of the year. The market cycle is shifting, and we need to abandon the logic of thinking that another golden dog has appeared on-chain. Looking closely, Sei's recent intensive infrastructure actions (Circle, PayPal, OSL, Coinbase) are interconnected, and you will find that it is playing a game that is different from all L1s. It is not creating a faster Ethereum; it is building an on-chain Stripe + Nasdaq, a one-stop solution for payment settlement + capital efficiency. Thanks to its extreme Finality, Sei has effectively eliminated the boundaries between payment and finance. Imagine this: on other chains, receiving payments is just receiving payments. But on Sei, a single incoming request can instantly trigger a set of atomic financial reactions: - Fund diversion: Compliance portions are automatically stripped away. - Instant currency exchange: No matter what the user pays, the merchant always receives the required asset; - Idle earnings: Funds during the billing period no longer remain dormant but automatically connect to RWA protocols for arbitrage. Moreover, Sei has invested significant effort in building a compliant closed loop: - Deposits: You don't even need to be a crypto person; Visa/Mastercard (Alchemy Pay) can be used directly. - Circulation: Rejecting the fake coin risks of cross-chain bridges, using native USDC (Circle) and PYUSD (PayPal) directly. - Regulation: Partnering with licensed exchanges in Hong Kong (OSL) and compliant platforms in the U.S. (Kalshi). Coinbase's x402 protocol allows AI Agents to autonomously consume, and Kado enables users in 150 countries to deposit seamlessly... These seemingly scattered pieces come together to form Sei's true moat, which is the ultimate commercial landing experience.