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 (-16.6%)
Market cap: $494.8M (-16.5%)
Sei Total Value Locked (TVL): $105.27M (-7.2%)
EVM daily average transactions: 2.2M (-12%)
EVM daily active users: 1M (-9%)
Total wallets: 96.9M (+0.5%)
Real-time transactions per second: 35.73 tx/s (-36%)
Block time: 0.63s (+5%)
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 added 4.4 million new users in December. Of those, 39% returned in January, marking the network’s highest first-month user retention rate to date.
💨 Why it matters: Monthly retention measures how many new users return to a network after first signing on. Incentive programs aimed at driving growth usually motivate users to return, but such strategies don’t usually result in sustained activity.
However, Sei has very few reward campaigns, so its high retention rate provides a better signal of actual engagement.
Sei Labs’ recent updates tied to its SIP-3 upgrade, the transition to an Ethereum Virtual Machine (EVM) blockchain, could be a factor for this increase. The company applied updates to reduce complexity, which makes it easier for both users and developers to operate on Sei. Such simplification measures incentivize frequent interactions, contributing to higher retention.
💨 The bigger picture: It’s important to note that retention is influenced by many factors — apps, games, incentives, or broader macro trends — so we can’t definitively tie the spike to the EVM transition. Still, higher retention rates are a good indicator of a network’s maturity as apps and communities encourage repeated usage.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Sei explains how its Giga upgrade can make payments cheaper and faster
Sei Labs’ co-founder Jay Jog spoke on FINTECH.TV (timestamp: 30:25) about why institutions are putting capital onchain for permissionless RWAs
Sei-powered games Ecosmo Arena and Seiballer hit all-time highs for weekly transacting users last week, hitting 40.8K and 72.6K respectively
AIxCrypto Inc. announced it will explore how Sei’s blockchain infrastructure could support use cases in robotics, mobility, and connected devices
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
New Festival Town created a mobile web-browser version of its retro virtual-console game
Monaco’s CEO and co-founder Simranjeet Singh spoke about onchain derivatives and how they reduce counterparty risk by using smart contracts
Saphyre announced staking rewards for its DRG token will continue despite the DEX’s rebrand, distributing protocol fees back to users
Lock in to the ecosystem
Want to get involved?
Check out the latest jobs at the Sei Development Foundation
Sei Labs will be at Consensus Hong Kong between Feb. 9-12
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.