Here’s why 5 gigagas per second is a metric you should know about
Sei Network Overview - February 17, 2025
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By the Numbers
$SEI token price: $0.238 (+2.15%)
Market cap: $1.1B (+6.8%)
Sei Total Value Locked (TVL): $183.1M (+6.89%)
Daily average transactions: 4M (+0%)
Daily active addresses: 255.3K (+5.76%)
Total wallets: 16.11M (+9.15%)
Real-time transactions per second: 49.78 tx/s (+1.86%)
Block time: 0.46s (+0%)
The percentages and metrics are calculated from its change over a 7-day time frame, unless noted otherwise.
Sei Showcase
Highlighting some of the biggest announcements from Sei.
💨 What’s happening: Sei Network has achieved a new milestone of 5.4 billion “gigagas,” or gas used per second, over a month ahead of its anticipated schedule, according to data shared on X by Sei Labs Co-Founder Jay Jog.
💨 Why it matters: Sei Labs’ 2025 roadmap, thwarted as its “Giga” upgrade, had a goal of 5 gigagas per second, or 5 billion gas used per second, by March 31.
Gigagas is a term coined by Sei Labs that measures how much computational work a blockchain can handle every second, which can be reflective of a chain’s performance.
The team was able to achieve this multi-billion gigagas goal on February 11, more than a month ahead of their goal. This feat can showcase Sei Labs’ ability to innovate and progress at a fast rate, something that is very favored from blockchain, or any project, teams.
Also outlined in Jog’s post was Sei Network’s feat of 102,000 executor transactions per second (TPS.)
Sei Labs hopes to achieve a TPS of 250,000 in 2025, which would be the highest TPS for an EVM chain. This is important to note because it means Sei is staying aligned to its goal of providing developers faster and higher performing apps, such as for payment or game purposes. This would all come about without hindering Sei’s 0.4-0.5 second time to finality, too, Jog said. Thus still bringing in fast settlement times even as the amount of transactions scale.
💨 The bigger picture: A blockchains ability to maintain a high throughput is crucial for progression because it means it would be able to process a massive number of transactions quickly and efficiently, while keeping costs low. Without high throughput, it’s harder for blockchains to scale.
For Sei’s case, its 5 gigagas feat is a step in the right direction, especially when taking into account the speed of the team’s progression. If Sei Labs can continue to progress its 2025 roadmap and increase the network’s TPS, it can become a key player in the development of payment solutions and web3 games.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Sei Foundation announced two hackathons for blockchain protocol and game builders with up to $50K in prizes each
General sign-ups can be found here
If you’re a student, apply to Sei’s dedicated high school hackathon
Chainlink enabled CCIP bridging on the Sei Network to allow more seamless connectivity and UX for developers on the chain
Sei Network integrated with elizaOS to enable autonomous agents to operate on its blockchain
Sei powered DEX Sailor hit $9.4M in TVL, an all-time high for the three-week old protocol (shown below)
Source: DefiLlama
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
The Sei Labs Research Team published an article on AI agents and how they can be optimized and more autonomous via the blockchain
Sei Foundation team members Eleanor Davis and Mike McCoy spoke on an X space about Decentralized Science and Sei’s $65M venture fund focused on it
Learn about Sei Network DeFi communities and privacy protocols from their head of growth in an X space
SpinCity hit 369.2K unique active wallets over the past 7 days - a 13% increase WoW, according to DappRadar
Lock in to the ecosystem
Want to get involved in the ecosystem? Find the latest job postings here or get involved with an activation below.
The Sei Foundation introduced new funding opportunities to support builders, creators, and contributors within its ecosystem - details here
Join the Sei community during ETH Denver for a happy hour event at TeeCaddies “web3 golf experience”
Sei opened applications for community members to join their ecosystem talent program - learn more here
Participate in Citrex Markets’ 6 month long Liquidity Enhancement Program to earn a share of a $550K prize pool in SEI tokens
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.