A Solana (SOL) rival is instantly rising in the middle of news that stablecoin issuer Circle (USDC) is buying the blockchain job.

The Sei Network (SEI), the new layer-1 blockchain that claims to be a blockchain faster than Solana, got to a high of $0.250 after the Circle news, a greater than 110% increase from its worth of $0.118 on November 10th.

Circle said they were investing in the SEI network to increase use cases for USDC, its dollar-pegged digital asset.

SEI’s blockchain network, created for trading, supposedly outpaces Solana’s network in terms of rate, according to particular performance metrics.

According to SEI, its blockchain supplies purchase finality in as little as 500 nanoseconds, while Solana’s deal finality takes about 2.5 secs. In terms of transactional throughput, SEI Network can deal with 20,000 orders per second, compared to Solana’s 10,000 purchases per secondly. In spite of these differences, SEI’s price has actually somewhat backtracked and is presently trading at $0.239.