Sei hits new all-time highs for daily active addresses and TVL

Sei Network Overview - December 2, 2024

Dec 02, 2024

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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. Every Monday.

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By the Numbers

$SEI token price: $0.61 (-1.61%)
- Market cap: $2.42B (-8.68%)
Sei Total Value Locked (TVL): $245.52M (+2.42%)
Daily average transactions: 4.16M (-0.95%)
Daily active wallets: 238.6K (+7.58%)
Total wallets: 5.15M (+15%)
Real-time transactions per second: 37.24 (-22.95%)
- Block time: 0.46 seconds

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: The Sei network hit new all-time highs of 279,000 in daily active addresses on Nov. 26 and $270 million in TVL on Nov. 30, according to Artemis.

💨 Why it matters: The previous daily active addresses peak was at 160,000 on August 17, 2023, just one day after the network launched its mainnet.

Sei’s TVL also hit a new peak and is up nearly 30% from its previous high of $208 million on September 30, 2024. As market data shows, the amount of TVL on the network has been on an upward trend since the beginning of November.

Daily active addresses and TVL are important metrics to consider because they often go hand-in-hand. The amount of users who interact with Sei’s various protocols is aligned with the daily active addresses count. Since these numbers are at all-time highs, it signals more users are entering the ecosystem, in addition to maintaining activity levels.

💨 The bigger picture: The rise of active addresses and TVL can be seen as promising signs for the network’s future as 2024 nears its end. In general, users and developers take into account existing onchain engagement when deciding where to spend their time.

If wallet activity and TVL can retain current levels and scale from it, these metrics can encourage new users to explore the ecosystem because of its established user engagement.

Accelerating Sei’s blockchain

Updates on the latest games, validators, builders and more that are helping Sei expand

Yei Finance hit $3B in USD inflow for its lending platform on Sei, according to Flipside data
NFT collection ‘F**kers’ hit 30K $SEI, worth about $21K, in volume over the a 7-day period, data on Pallet shows
Dragon Swap hit $55M in TVL for its decentralized exchange built on Sei (shown below)

Source: DefiLlama

What’s the community Sei’ing

Highlighting the builders, users and ecosystem players within the Sei blockchain.

Hear more about the Sei memecoin ecosystem on an X space by MrGreenity
New to Sei? Check out this beginner’s guide by X user JoshOnSei
X user PixelRealm hosted a spaces about the Sei gaming ecosystem
Explore the gaming ecosystem on Sei via a thread by X user Brainy

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.

Going to Art Basel? Join the Sei community for their mixer event with Magic Eden on Dec. 7
Participate in the Sei Tenkaichi gaming tournament until Dec. 18
Check out these community-run Sei-centric Discords

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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.