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: $0.07 (+7.1%)
Market cap: $476.4M (+5.87%)
Sei Total Value Locked (TVL): $49.34M (+2.5%)
Daily EVM transactions: 2.5M (-13.8%)
Daily EVM active addresses: 1.5M (-11.8%)
Total wallets: 101.1M (+1.2%)
Real-time transactions per second: 20.24 tx/s (+33.8%)
Block time: 0.58s (-4.9%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: Sei Labs has submitted a proposal to improve how fees are displayed in Coinbase’s x402 protocol that enables websites and applications to request payments over the internet. The proposal focuses on facilitators, which handle payments on behalf of apps and websites.
💨 Why it matters: Facilitators don’t always charge fees for payments made using stablecoins, but they sometimes do, and currently there is no standard way to see what fees will be charged or to compare costs between facilitators.
Sei is proposing four additions to x402 to solve this with a focus on increasing transparency and standardize disclosure: Quote endpoints that would give servers an idea of fees to expect; settlement receipts; options for users to ask for soft ceilings on fees charged; and a way for apps to route payments more efficiently.
💨 The bigger picture: While this proposal is still in its early stages, it could indirectly benefit Sei if it gets implemented as well as other blockchains, as greater transparency would encourage payment flows to favor networks that can process transactions quickly and reliably.
Greater fee transparency would encourage payment flows to favor networks that can process transactions fast and reliably. Without transparency, routing decisions could be inefficient, slowing down automated payments and users would be disincentivized to use protocols such as x402 to avoid surprise charges, or without the choice to route their payments more efficiently.
In addition, the proposal would help Sei create a more usable and efficient payments environment, which could encourage more activity on high-performance blockchains.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Sei’s stablecoin market cap has risen nearly 8% to $138.2M over the last seven days
USDC is up 13.4% on the week to $79.4M, USDY is up 1.3% to $50.9M, and USDT is down 5.3% to $5.1M
Sei’s gaming monthly active addresses rose to an all-time high of 4.8M last week, breaking out of a three-week long trend of hovering around the 4.7M mark
Sumvin is building an AI-powered financial assistant, in collaboration with the Sei Development Foundation
Ledger integratedSei’s EVM layer to let users hold assets on its cold storage
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Saphyre opened the waitlist for its mobile trading DEX
Grand Gangsta City is pulling liquidity for its GGC token as it prepares for an updated tokenomics model
Rewardy Wallet integrated Sei EVM, letting users hold and earn SEI token while interacting with ecosystem dApps
Jay Jog, co-founder of Sei, spoke at ETH Denver about why blockchains need to support high transaction speeds to compete with global exchanges like NASDAQ
Lock in to the ecosystem
Want to get involved?
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.
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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.