What Sei’s 2025 mission of maturing onchain activity really means
Sei Network Overview - February 3, 2025
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By the Numbers
$SEI token price: $0.24 (-23.79%)
Market cap: $1.07B
Sei Total Value Locked (TVL): $170.92M (-23.93%)
Daily average transactions: 3.7M (-2.63%)
Daily active addresses: 204.3K (-21.9%)
Total wallets: 14.28M (+2.73%)
Real-time transactions per second: 46.39 tx/s (+3.6%)
Block time: 0.5s
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: Earlier this week, the Sei Foundation shared a blog post about its vision for 2025, highlighting a new chapter for the layer-1 blockchain in pursuit of more builders, creators and contributors.
💨 Why it matters: The Sei Network, which had its mainnet launch in August 2023, is moving on from its “newcomer phase,” the foundation shared. “It’s matured into something more substantial: a steady and maturing chain of activity.”
This puts the blockchain at an inflection point, where it wants to focus on growing intentionally alongside builders, creators and users in its ecosystem.
“We're entering a defining moment for crypto,” the foundation stated. “But transformative opportunities don't manifest on their own. They're built, piece by piece, by visionaries who see beyond the current limitations.”
With that said, Sei Foundation is honing in on three archetypes, dubbing them as “pillars of the ecosystem,” which are: builders, the leaders of innovation; creators, crafting culture and content; and contributors, shaping products and community.
Last week, the foundation launched a $65 million venture fund called Sapien Capital – Open Science Fund I, to provide checks to decentralized science (DeSci) startups focused on building on Sei. The fund, which isn’t providing grants but rather venture investments, will provide capital ranging from $100,000 to $2 million, The Block reported. It will be deployed over the next three to four years.
Separately, to date, over 500 creators have been awarded about 3 million SEI tokens, worth about $1 million, alongside 42,000 matching donations from 22,000 unique donors. This year, the Sei Street Team launched an initiative to provide $250,000 in capital to further expand creator support. The team plans to focus on “more high signal programs and opportunities,” aiming at greater ecosystem development.
To further these initiatives, the foundation will be rolling out programs focused on community enhancement like early access programs, accelerator programs, research opportunities and more.
💨 The bigger picture: There’s plenty of blockchains circulating within the broader ecosystem. But creating initiatives and support programs, structures and more to incentivize builders, users and creators to engage onchain – and stay onchain, is paramount for the success of any network.
Sei has taken off its proverbial training wheels as it moves on from its early mainnet days and focuses on three pillars for expansion. By providing community-centric programs and opportunities, the foundation could attract talent and interest in the near term and long term.
Interested in learning more? Check out Sei’s onboarding guide here.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Citrex Markets, a Sei- built decentralized trading platform, launched its beta version for perpetual trading
Sei January volume hit $500 million, up 1,361% from the year-ago month, DeFiLlama data shows
Jellyverse’s V2 release is scheduled for mid-February, bringing new features to its DeFi protocol on Sei
96 creators who applied to Sei’s Gitcoin Creator Fund 5 have been approved to advance to the next stage
Cookie DAO opened registrations for its DeFAI Hackathon, with tracks and bounties supported by Sei and other chains
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Genzio Media’s GM Podcast interviewed Sei Foundation Global Gaming Lead Jason Lim to discuss the network’s gaming focus and more
ICYMI: Sei Foundation’s CMO Chad Hugghins and Head of BD & Investments Justin Barlow joined the Sei What Show to explain the network’s 2025 plans
Liquid staking and MEV Silo launched its quest campaign for $5,000 in prizes
DeFi hub DragonSwap shared the results to its audit by Paladin Blockchain Security that its secure for its Spot Trading Competition
Listen back to the Gaming on Sei AMA with Operation Safe Place
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.
Overherd is coming to Sei Blockchain, sign up to join the waitlist here
Help pick winners and vote in the 5th round of Sei Creator Fund
Join the Sei builders chat and get involved onchain
In Tokyo? Attend the Sei Community event on Feb. 7 from 6:30-9PM GMT+9
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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.