Welcome back to the Sei Overview. We’re creating the best place for the Sei community to get the latest updates, metrics, insights on the blockchain, its ecosystem developments and more – all in one place.
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By the Numbers
$SEI token price: $0.09 (-10.28%)
Market cap: $592.6M (-14.5%)
Sei Total Value Locked (TVL): $113.4M (-9.8%)
EVM daily average transactions: 2.5M (-3.9%)
EVM daily active users: 1.1M (-8.3%)
Total wallets: 96.1M (+0.9%)
Real-time transactions per second: 55.92 tx/s (+29.84%)
Block time: 0.6s (-13%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
Highlighting the biggest developments on Sei
💨 What’s happening: Ondo Finance has launched its United States Dollar Yield (USDY) token on Sei, bringing its tokenized yield-coin that’s backed by short-term US Treasury notes to the network.
💨 Why it matters: USDY is backed by short-term U.S. Treasuries and bank deposits and currently has more than $1.33 billion in market value.
USDY offers users of non-U.S. countries a way to earn yield on U.S. treasuries without relying on traditional brokerage accounts or banking systems. On Sei, the asset can also be used as productive capital, for example as collateral in lending markets, or for trading and payments.
💨 The bigger picture: Tokenized treasuries have a market cap of nearly $9.75 billion, up 154% from $3.84 billion a year ago.
With access to tokenized treasuries alongside other stable assets like native USDC, Sei is positioned as a settlement layer capable of supporting yield-bearing instruments.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
The governance proposal for upgrading Sei to v6.3, which included adding functionality for an EVM-only staking precompile, has been passed
Sei’s stablecoin transactions hit a new high of 319.7K on Jan. 27, a 56% increase since the beginning of the year
DragonSwap rebranded its Sei-focused decentralized exchange to Saphyre, and also launched an update for its mobile app, an automated market maker and routing services
AIxCrypto Inc. announced it will explore how Sei’s blockchain infrastructure could support use cases in robotics, mobility, and connected devices
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Kindred AI, an IP-focused agentic AI protocol, launched its KIN token on Jan. 30
Sei-powered mini-game app New Festival Town reached 20K total players
Grand Gangsta City burned 10MGGC tokens ahead of the mainnet launch of its open-world adventure game
Lock in to the ecosystem
Want to get involved?
Check out the latest jobs at the Sei Development Foundation
Earn rewards on Takara Lend for borrowing USDT on Sei
Participate in KuCoin’s Sei gaming campaign for a chance at a $16K prize pool
That’s all for this week.
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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.