Stablecoins on Sei hit new high at $260M, with USDC leading the charge
Sei Network Overview - April 28, 2025
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By the Numbers
$SEI token price: $0.21 (+16.67%)
Market cap: $1.06B (+16.05%)
Sei Total Value Locked (TVL): $415.41M (+12.32%)
Daily average transactions: 4.2M (+2.44%)
Daily active addresses: 362.3K (+28.34%)
Total wallets: 20M (+3.25%)
Real-time transactions per second: 51.25 tx/s (-0.99%)
Block time: 0.51s (-1.92%)
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: Sei stablecoin market cap hit a new high at $260 million on Saturday, with the network’s USDC up 53.5% on the month, DefiLlama data shows.
💨 Why it matters: Stablecoins have grown in popularity across the entire crypto sector and are showing strong growth on the Sei network. Earlier this month, Tether integrated its USDT0 omnichain stablecoin to Sei, bringing a bridged version of the largest stablecoin by market cap to the blockchain. This broadened the reach for accessible, dollar-backed digital assets onchain, given its cross-chain functionality.
USDT0 was first deployed on Sei in mid-April. Since then, the network's total stablecoin market has grown more than 35%, proving there is demand and product-market fit for stablecoins on Sei. Specifically for Tether, it has a $5.44 million market cap and is up more than 16% on the week.
But despite USDT0’s integration, USDC still holds the top spot for the largest stablecoin by market cap on Sei at $230.6 million.
The rise of Sei’s stablecoin market cap is promising because it can be indicative that there is increased liquidity and capital ready to flow into other assets on the network. In turn, investors can gain more confidence and readiness to re-enter the market, as funds remain within the Sei ecosystem rather than exiting to fiat. Historically, growth in stablecoin supply has been correlated with the early and middle stages of bull markets, signaling potential positive momentum ahead.
💨 The bigger picture: Sei’s blockchain is designed to provide fast transaction speeds to handle high volumes of transactions, alongside instant finality. This makes the network an attractive option for users that want high-frequency trading and DeFi capabilities, where rapid execution and low latency are necessities.
As stablecoins like USDC gain more traction on Sei, its usage can align with the network’s mission to provide solutions for various DeFi and TradFi needs.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Unique active wallets on the network are up by nearly 70% on the week to 1.36M, according to DappRadar data
Takara Lend recorded new highs for TVL and borrowed amount at $46.08M and $12.89M, respectively, DefiLlama data shows
Jellyverse integrated USD₮0, amongst other stablecoins, for users to earn yield via its liquidity pool
StakeStone released its omnichain liquidity platform to Sei - some features include:
Stone’s bitcoin-backed token for users to earn yield
Integration with Takara Lend for asset composability
Instant finality and fast processing speeds by leveraging Sei’s infrastructure
EVM daily transactions on Sei hit an all-time high of 940.3K on April 22 (shown below)
Source: Artemis
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
The Sei Research Initiative published an article about real economic value for blockchains and how it could reflect monetary demand in the space
Tune into this stream hosted by Sei about GPU tokenization to learn how it can make AI more accessible
Sei distributed rewards to its top 50 creators on X via Kaito’s leaderboard system
Capy vs Monsters deployed its onchain Telegram mini-game powered by Sei
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.
ICYMI: Sei hosted a series of developer workshops with API3 DAO - watch them here
Building an app on Sei? Apply for a Sei Foundation Direct Grant to receive milestone based grant funding
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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.