Sei Network monthly active addresses are up 560% since October
Sei Network Overview - January 20, 2025
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By the Numbers
$SEI token price: $0.36 (+2.86%)
Market cap: $1.57B (+6.8%)
Sei Total Value Locked (TVL): $204.3M (-0.83%)
Daily average transactions: 3.9M (-2.5%)
Daily active addresses: 306.4K (-1.98%)
Total wallets: 13.1M (+10.1%)
Real-time transactions per second: 48.39 tx/s (-5.19%)
Block time: 0.49s
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 6.3 million monthly active addresses on Jan 17 and is up 570% compared to Q4 2024, according to Artemis onchain data.
💨 Why it matters: Three months ago, the network had 953,000 monthly active addresses. Since then, this metric has been on a consistent upward trend.
During November, this metric was 1.1 million. In late December, Sei reached 3.2 million monthly active addresses. This rise can point toward two actions: new users are being onboarded to the Sei Network and active users coming back for their onchain needs.
It is important to note while active addresses don’t necessarily equate active users, an uptrending active address metric can showcase the impact Sei has.
Since Sei Network prioritizes community and gaming, as assumed from their creator fund initiative, a high active address metric is just as attractive. It’s important to keep in mind that in order to play web3 games, a user would have to create a new address - meaning a user can be equated to an address. This added context is relevant because gaming projects on the Sei Network have been on a rise, seeing an increase from 64,000 to 240,000 daily transactions from active users from November to January.
💨 The bigger picture: The number of active addresses on the Sei Network shows that the activity on the protocol has ramped up significantly in a 3-month time frame.
As these metrics continue to grow (or even if they remain constant) the number of users on the network becomes an attractive metric for new developers looking to enter the space. More often than not, people will gravitate to areas where there’s already traction, so this makes the Sei Network a strong landing zone and entry point for newcomers and existing crypto-natives alike.
If Sei can continue its increase in gaming related activity and continue to support its community, it can become an ecosystem that is capable of onboard new users in an organic way.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
The Sei Research Initiative conducted a study relating to the network’s data verification and sourcing
Compass integrated in-app swaps for its wallet to make trading on the Sei Network easier
Synnax, a platform users can earn yield on their SEI and it’s stablecoin syUSD, went live
Gaz.zip deployed Sei to its onboarding platform to make Sei token purchases more streamlined
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
ICYMI: Sei’s 5th round of its $10M Creator Fund went live - apply here
Cat vs Monster, an idle RPG built on the Sei Network, hit 143.51K unique active wallets, a 236% increase WoW
Jellyverse hosted a stream to showcase its upcoming jAsset mainnet release, a way for users to trade assets pegged to RWAs
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.
Participate in Sei Gaming’s Galxe campaign and get rewarded in NFTs for completing social quests
CAPPYs, an NFT collection on Sei, hosted an X space about its plans for 2025
Listen to X user NiFTYQ’s latest space about the Sei ecosystem
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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.