Welcome 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. Every Monday.
New here? Subscribe to get updates to your inbox.
By the Numbers
$SEI token price: $0.31 (-13.89%)
Market cap: $1.37B (-12.74%)
Sei Total Value Locked (TVL): $224.7M (+10%)
Daily average transactions: 3.8M (-2.56%)
Daily active addresses: 261.6K (-14.62%)
Total wallets: 13.9M (+6.11%)
Real-time transactions per second: 44.77 tx/s (-7.48%)
Block time: 0.51s
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: Daily smart contract deployments on Sei hit a new high of 25,600 on Jan. 22, data on Nansen shows.
💨 Why it matters: An increase in smart contracts for a network can be seen as a key indicator of a growing ecosystem that is bringing in innovation. In a general sense, smart contracts can be interpreted as the cornerstone of decentralized applications (dApps). This is because without new smart contracts being shipped, dApps wouldn’t update and keep up in a fast moving system. In turn, these dApps can help drive utility and tech development across sectors like DeFi, web3 gaming and NFTs.
Additionally, when developers continue to deploy smart contracts on a recurring basis, it can bring in new ideas and protocols to the ecosystem. This impacts users because they can choose which protocol best suits their onchain style, given the diverse amount of applications offered. In turn, this can keep a high user retention rate and even attract new ones.
Also, an increase in the variety of dApps can also improve community engagement because if there are more users onchain, it would create a feedback loop that draws more developers and projects to the network. Community feedback is so important for a network because if no users are using dApps, it directly affects the network in a bad way.
💨 The bigger picture: Smart contracts are the reason onchain transactions can be performed and constantly deploying updates can set up a blockchain for success. This sets up a network to be able to handle higher activity levels.
Users also want fast finality for transactions, which many networks may be able to handle it, but sustainability is important especially during periods with high volume.
Ecosystems with a high volume of contract deployments showcase the ability to scale. It signals robust developer engagement and the ability to adapt, making Sei Network a standout player and daily smart contract deployments so important.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Symphony’s Sei-centric DEX upgraded to its Beta 1.01 version
Hawk Terminal shared details on why it built an NFT minting platform on Sei Network
Web3 game Cat vs Monster hit an all-time high in unique active wallets of 58.7K on Jan. 23, according to DappRadar data
Elixir’s fastUSD was integrated to Sei to allow institutional RWAs from issuers like BlackRock and Hamilton Lane to enter the DeFi ecosystem with full composability.
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Jellyverse hosted an X space with Sei Labs co-founder Jayendra Jog about its RWA trading protocol
New to Yei Finance? Check out these videos from some community members:
A step by step guide by X user Keen
Protocol overview by X user JustMichael
Steer Protocol and DragonSwap spoke on a livestream about DeFAI and its liquidity management on Sei Network
Ahead of the talk, DragonSwap added $TRUMP to its offerings via Stargate Finance
Sei Foundation’s “Osten” went on Good Morning Blockchain’s livestream to talk about community building and the strengths of a governance system
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.
Applications for the Sei Creator Fund: Round #5 closed on Jan. 27, but is still accepting donations for individuals and initiatives in it
Archer Hunter launched its free NFT mint, Elixir Edition 01, on the Sei Network
Meet up with the Sei community in Paris on Feb. 13 for “Sei Shuffled in Paris”
Complete Sei related Flipside quests by performing onchain activities to earn rewards
To get this newsletter delivered to your inbox every Monday. Subscribe here.
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.