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: $0.11 (-7.3%)
Market cap: $735M (-5.7%)
Sei Total Value Locked (TVL): $162.5M (-8.9%)
EVM daily average transactions: 2.6M (+18.2%)
EVM daily active users: 1M (+18.3%)
Total wallets: 94.1M (+4.4%)
Real-time transactions per second: 58.97 tx/s (-3.2%)
Block time: 0.51s (+0.92%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
Highlighting the biggest developments on Sei
💨 What’s happening: Sei Labs’ SIP-3 upgrade, which will transition the network to an Ethereum Virtual Machine (EVM) blockchain, is going to be rolled out over the next few months. But what does that look like for users, developers and infrastructure providers?
The company is easing that transition with a phased roll out, starting with upcoming updates, v6.3 and v6.4, that will phase in EVM compatibility and phase out transfers of certain kinds of assets into the Sei network.
💨 Why it matters: Following the v6.3 update, staking will be handled entirely through the EVM system used by applications so that users and service providers can easily use a wide array of tools to track balances and manage funds.
Meanwhile, v6.4 will stop Cosmos-specific tokens such as Atom and USDC.n from being transferred into the network as part of a move to wind down older transaction paths. Later updates will extend this process and replace Sei’s built-in price data system with external providers.
Taken together, these changes reduce the moving parts in the network, which would lead to lower maintenance requirements, and eventually make Sei easier to operate and improve over time.
💨 The bigger picture: These updates directly lead up to Sei’s Giga upgrade, which would enable the network to support much higher transaction volumes than current EVM-based blockchains. To reach that goal, the network needs a simpler and more focused design.
The SIP-3 proposal supports this by narrowing Sei’s architecture to one main system. While these updates will not make the network faster by themselves, they remove sources of complexity that could slow future upgrades. This makes it easier for Sei to focus on performance improvements as Giga rolls out.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Sei introduced the “Tooling and Infrastructure System” portion of its Market Infrastructure Grid, designed to provide EVM developer tools for the ecosystem
Sei’s P2P stablecoin supply reached a new high of $89.5M on Jan. 13
Daily active users on Sei last week were at all-time highs of 972.7K
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Yei Finance’s CLO token is up 112% since the beginning of the month to $0.66, from $0.31
Check out our analysis of the token’s performance since its token generation event in October
Takara Lend’s TVL increased 44% so far this month to $87.9M, from $60.9M at the beginning of the year
Ecosmo Arena’s Sei-powered battle tap AI fighting game hit a record 207.7K daily transactions on Jan. 14
Kindred Labs’ daily active users hit an all-time high of 160.2K on Jan. 13 for its IP-focused agentic AI protocol
Lock in to the ecosystem
Want to get involved?
Check out the latest jobs at the Sei Development Foundation
Earn rewards on Takara Lend for borrowing USDT on Sei
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.