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By: Jonny Kreiser · @Jonnytoshi · Research Analyst
Public blockchains have transferred ~$6.5 billion to validators, builders, searchers, and arbitrageurs since the Ethereum Merge through discretionary execution.
Institutional execution today sits on CEX desks and OTC brokers, not on public blockchains. Sei Giga aims to bring institutional-grade execution onchain without requiring users to sacrifice self-custody or composability with onchain applications.
Sei Giga combines Multiple Concurrent Proposer consensus, deterministic protocol-enforced transaction ordering, and a private transaction dissemination layer to move MEV mitigation into the protocol rather than relying on offchain services.
Current MEV mitigation relies heavily on offchain services. Ethereum users route through systems such as Flashbots Protect, MEV-Blocker, and CoW Swap, while Solana increasingly relies on Jito's Block Assembly Marketplace. These systems reduce some forms of extraction, but they introduce trusted intermediaries and operational dependencies that may not satisfy institutional execution requirements.
Institutional issuance on Sei is already live, with Ondo Finance, Apollo, Libre Capital, and GAIB collectively holding ~$308 million in tokenized real-world assets on Sei, accounting for ~72% of the network TVL.