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.
New here? Subscribe here to get updates to your inbox every Monday.
By the Numbers
$SEI token price: $0.07 (-10.1%)
Market cap: $450M (-10.1%)
Sei Total Value Locked (TVL): $48.13M (-6.9%)
EVM daily transactions: 2.9M (-9.4%)
Daily active addresses: 1.7M (+30.8%)
Total wallets: 99.9M (+1.8%)
Real-time transactions per second: 15.12 tx/s
Block time: 0.61s
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: Sei’s gaming ecosystem grew 8.7% over the past month, with monthly active addresses rising to nearly 5 million in the 30 days, from 4.6 million a month earlier. Activity has stabilized near the 5 million mark for three consecutive weeks, suggesting a period of consolidation rather than acceleration.
💨 Why it matters: Stable activity is an encouraging indicator of progress on Sei, which has been working to improve its infrastructure for apps, and consequently, the user experience. While Sei’s recent network updates didn’t introduce any gaming-specific features, they have increased throughput capacity, reduced performance friction and increased execution consistency.
Those updates are pertinent for gaming applications, which depend on fast and consistent transaction processing, as they usually see high-frequency, session-based usage.
Sei’s state log showed that several changes focused on how transactions were handled before and during block inclusion, with updates to transaction validation and the introduction of a transaction prioritization system. Taken together, these reduce congestion, thus making high-frequency interactions smoother for users.
At the network layer, peer-to-peer communication has been simplified. Sei has streamlined peer management and tightened rules around how communication channels respond in order to improve how quickly blocks and transactions propagate between nodes, reducing latency variability. Put simply, users of gaming apps may submit multiple transactions in short sessions, so more consistent actions result in a more stable end-user experience.
It’s worth keeping in mind that outside factors such as individual game marketing and content updates could also influence shifts in user activity.
Source: Token Terminal
SEIBaller, Mokoko and FishWar have retained their positions in the top three apps, in terms of user activity, for three weeks straight.
💨 The bigger picture: Despite internal shifts between games, aggregated monthly activity on Sei has remained stable at the 5 million mark for multiple weeks, indicating that users are flitting between titles rather than leaving the ecosystem entirely.
While a lack of growth points to increasing user churn levels, it’s also proof that a seemingly equal number of users are returning to games and apps on Sei.
As Sei continues to make updates as it works towards the Giga upgrade, the changes indirectly impact gaming applications and improve quality of the user experience.
Accelerating Sei’s blockchain
The average number of daily active users on Sei EVM reached a peak of 1.5M last week
Kartik Bhat, Sei’s founding engineer and AI lead, spoke at ETH Denver about the x402 protocol and its uses for agentic payments
Sei’s stablecoin market cap is up 7.2% this month to $128.5M, from $119.9M
USDC on Sei rose 19.8% to $70M, while USDT declined 38.6% to $5.42M
Kraken added deposits and withdrawals for SEI token via its EVM network
What’s the community Sei’ing
Cultz opened the waitlist for its gamified, social perpetual futures trading DEX
Takara Lend said its money market protocol supplied $750M in assets and attracted 80,000 users in its first year
Saphyre is launching a mobile version of its Sei-powered trading DEX, and will use request-for-quote methodology
Sakura Nexus is hosting a playtest until Feb. 27 for its mini-app gambling game
Lock in to the ecosystem
Check out the latest jobs at the Sei Development Foundation
See the Sei Gaming Discord to apply for Helium Wars’ creator program
That’s all for this week.
To get this newsletter delivered to your inbox every Monday, subscribe here:
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.