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By the Numbers
$SEI token price: $0.17 (-15%)
Market cap: $1.06B (-15.87%)
Sei Total Value Locked (TVL): $430.65M (-10.06%)
EVM daily average transactions: 2.4M (-7.69%)
EVM daily active users: 825K (-12.6%)
Total wallets: 78.04M (+1.51%)
Real-time transactions per second: 69.84 tx/s (+3.13%)
Block time: 0.5s (+2.04%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
Highlighting some of the biggest developments at Sei.
💨 What’s happening: This week, Sei ranked number one in active wallets as it advances its developments to become more Ethereum aligned.
💨 Why it matters: Earlier this year, Sei Labs made a proposal to become an EVM-only chain, sunsetting its support for CosmWasm. Last week, that mission was furthered as Sei completed wallet support, as part of its SIP-3 network upgrade. This allows developers to deploy Ethereum-based applications and users can interact with Sei using industry wide tools like MetaMask.
This transition positions Sei further as an Ethereum-aligned layer-1 (L1) chain. Other blockchains like BNB Chain, Polygon, Base and more, have seen growth largely due to its compatibility with Ethereum. Beyond strategic alignment, Sei’s transition can bring it into a more shared economy of apps, capital and users that already trust Ethereum’s infrastructure.
For context, BNB Chain, Polygon and Base have some of the largest dApp’s created on their networks at 5,961, 2,516, and 830 respectively. By comparison, Sei has 108 dApps, but by becoming an EVM, the network can see an increase in available dApps, which may result in an uptick in users.
Meanwhile, as Sei has made integrations that appeal to developers, the network is seeing increased activity on the user side, as it has ranked first this week for unique active wallets on EVM chains at 4 million. The chain also ranked second in dApp transactions in the same time period at 12.87 million.
💨 The bigger picture: Sei’s push to become more Ethereum aligned is a strategic play to further its long-term growth in an increasingly EVM-dominated ecosystem. Since Ethereum is the largest L1 blockchain by core developers and TVL, the Sei ecosystem can gain access to a larger user base and more liquidity by integrating with the EVM.
Sei alignment with Ethereum isn’t just expanding its reach, but can position it within the infrastructure that is most used by developers and institutions. In turn, it could ensure long-term relevance as capital and developers consolidate around EVM networks.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Robinhood listed the SEI token on its trading platform
Monaco released TraderCodes for users to earn rewards and revenue shares across its various apps
Sei surpassed 4B cumulative transactions since inception
DragonSwap reached $4B in cumulative trading volume in October after it upgraded its staking mechanism and the interface of its platform
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Bittopia launched a web3 farm and craft game to Sei
Learn how fastUSD’s stablecoin on Sei provides users a collateralized yield-bearing asset backed by institutional funds
Dawnshard released an AI-powered trading card game on the Sei network
Oxium expanded its CLOB infrastructure with hybrid liquidity solutions on Sei
Lock in to the ecosystem
Want to get involved in the ecosystem?
Check out the latest job postings for Sei Labs and Sei Development Foundation
Participate in Sei’s social campaigns on Galxe to explore ecosystem games and get a chance to earn token rewards
Attend Sei’s happy hour event in NYC on Nov. 6 during New York Blockchain Week
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This product was built by Token Relations.
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.