Sei weekly active addresses are up 780%. Why?
Sei Network Overview - December 16, 2024
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By the Numbers
$SEI token price: $0.58 (-7.94%)
Market cap: $2.41B (-3.21%)
Sei Total Value Locked (TVL): $243.3M (-2.01%)
Daily average transactions: 4.3M (+3.12%)
Daily active wallets: 293.1K (-12.87%)
Total wallets: 6.39M (+7.58%)
Real-time transactions per second: 49.73 (-4.16%)
Block time: 0.46s
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 hit a new high of 1.2 million weekly active addresses on Dec. 12, according to Artemis data.
💨 Why it matters: Since the beginning of November, the network has generally been on an upward trend for weekly active addresses. Last month, Sei’s lowest point for weekly active addresses was 136,500. It’s up about 780% since then.
Overall, this metric has been on an upward trend for Sei, with its biggest increase coming during the week of Nov. 21 to Nov. 28 where it grew by 567,000 addresses. This can point toward the notion that existing and new users are consistently using the network for onchain actions.
Sei can be a notable landing place for developers who want to build decentralized applications because of its active user base. In addition, the network’s fast finality can be attractive for users who want fast execution times for their blockchain transactions.
Sei network has a max theoretical transactions per second of 12,500 and time to finality of 350ms. This puts it as a leader amongst peers that provides users quick transaction speeds and execution time.
💨 The bigger picture: If the Sei network is able to consistently scale and reach new milestones, alongside retaining fast transaction times, it can usher in a healthy level of adoption from developers and users alike.
As market data and recent trends show, Sei has maintained and gained market share as users interact with the network by consistently returning and adding liquidity to it.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Wrapped bitcoin was deployed to Sei’s network via LayerZero and Stargate technology
SpinCity, a gamified social platform on Sei, hit an all-time high of $1.7K volume, according to DappRadar
DragonSwap reached $100M in trading volume over the last 7-days, according to onchain data
Yei Finance raised $2M in seed funding for its Sei-powered money market
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
GPT Wars shared its shooter survival game is now powered by the Sei Network
Check out this video by X user SeiMoarrrr of Cats vs Monsters, a battle quest game built on Sei
Read about the latest Sei gaming developments from a thread by X user Brainy
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.
Participate in Galxe’s Sei gaming quests to earn rewards
Get involved in Sei by checking out this 101 ecosystem list from X user Phillip_XYZ
Cast your vote in PlayToEarn’s Blockchain Game Awards 2024
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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.