what's sei?
Sei is a high-performance Layer 1 blockchain designed specifically for decentralized finance (DeFi) and trading applications, aiming to provide the fastest EVM-compatible environment for high-frequency transactions. It achieves sub-second finality of around 400 milliseconds and supports over 200,000 transactions per second (TPS) with ultra-low fees, making it ideal for scaling Web3 apps in DeFi, NFTs, and gaming. The network's Sei v2 upgrade introduces a parallelized EVM, enhancing Ethereum compatibility while inheriting Sei's core optimizations for speed and efficiency. Key features include native support for real-world assets (RWAs), seamless USDC integrations via Circle Gateway, and a thriving ecosystem with partnerships from institutions like Apollo, BlackRock, and Brevan Howard through platforms like KAIO and Securitize. Sei also fosters gaming and AI initiatives, such as collaborations with Tilted Partners for AI-powered games and Kindred AI for wallet integrations, alongside DeFi reward programs to boost liquidity and user engagement.
Sei's Takara Lend reached $1.89M TVL; v6.4 upgrade launched; 55.56M tokens unlock Apr 15.
Takara Lend USD₮0 Market on Sei Network has reached $1.89M TVL with 10.71% current APR.
Launched v6.4 upgrade, adding ability to disable inbound IBC transfers in EVM-only mode, improving execution and state handling efficiency, and achieving a 20% reduction in average block time.
Unlocking 55.56 million SEI tokens on 2026-04-15, representing approximately $2.97 million in value and 0.97% of circulating supply.
Integrated with Spectra Finance to bring yield trading (Principal and Yield Tokens) to the network, with a debut pool powered by spSEI from Splashing.
Integrated with Kalshi as an official prediction market platform, allowing users to deposit and withdraw native SEI and USDC since December 2025.
Positions as first high-performance post-quantum blockchain with Giga upgrade, developing public quantum computing roadmap for post-quantum security.
A team member (vascodm_) departed after four years with the project on April 3, 2026.
Coinbase disabled send and receive support for EVM-only migration from April 6-8, 2026.
Sei v2 now supports complete Holders Data on CoinMarketCap DexScan, allowing users to view token supply distribution and wallet metrics for on-chain pairs.
Integrated MetaMask, offers free gas for all transactions.
Recorded a 168% increase in Real World Asset (RWA) value over 30 days ending around March 23, 2026.
Recorded $15M in inflows on Jumper Exchange during the week ending March 23, 2026, ranking as the top chain by inflow volume.
Yei Finance launched Clovis testnet, a crosschain lending platform, with Sei as the clearing layer for unified crosschain lending rates, supporting USDC and USDT bridging across Ethereum, Base, BNB Chain, and Sei.
Partnered with Tilted to add real-time data layer infrastructure for FishWar, an AI-powered GameFi ecosystem on Sei with over 2 million players.
Sei Development Foundation participated as a backer in Ironlight's $21 million Series A funding round for expanding its regulated marketplace for tokenized securities.
Launched Morpho Vaults V2 via Featherlend and okutrade, with Featherlend enabling borrowing PYUSD against sfrxUSD collateral at 2.25% and earning 8% APY on deposited PYUSD.
Launched Nitro rewards totaling $270,000, with Phase 1 offering $90,000 USDC via Jumper for YeiFinance deposits from 2026-03-16 to 2026-04-17. Jumper schedules community call for 2026-03-26.
Generated $566 in revenue on March 14, 2026.
Evolve is bringing eUSD, a yield-bearing stablecoin, to Sei.
Launched spot trading on Hyperliquid.
Participated in FIA Boca derivatives conference in March 2026 alongside Coinbase, Solana, and traditional finance players.
Integrated with Backpack wallet, offering 0% fees on swaps and bridges exclusively.
Integrated Dynamic to provide developers with embedded wallets and 600+ wallet connections.
Unlocks 55 million SEI tokens worth $5.86M in the week starting March 10, 2026.
Integrated Chainlink equities price feeds via Monaco Trading
Ranked #3 among EVM chains by monthly active wallets in March 2026, behind only Ethereum and opBNB, and ahead of Polygon and Base. Also ranked among leading EVM chains in February 2026, alongside ETH and opBNB.
Partnered with Xiaomi to pre-install Sei wallet globally on millions of smartphones and enable stablecoin payments across 20,000+ stores, starting in 2026.
Secured RWA commitments from BlackRock, Brevan Howard, Hamilton Lane, and Apollo via KAIO.
TVL increased from approximately $13M to $682M all-time high.
Launched SKILL.md documentation for AI agents to build on the network.
Completed V3 upgrade and full EVM migration in early April 2026, enabling sends/receives on EVM. Requires CW20/pointer contract token migration; targets sub-400ms finality, 200k+ TPS; EVM scheduled for Coinbase listing April 10, 2026.
Reached 100,000,000 lifetime wallets, with the second 50 million created in 6 months compared to 2 years for the first 50 million.
Sei Labs submitted a proposal to the x402 repo to standardize transparency of facilitator fees.
Ledger Business integrated enterprise custody for institutional self-custody, staking, and DeFi access with multi-sig, role-based permissions, and audit reporting.
Visa pilots Sumvin, built on Sei, for Intelligent Commerce Connect AI agent payments.
21Shares and Canary Capital filed for SEI ETF approval in 2026.
Enabled native EVM deposits/withdrawals for USDC and USDT via Kraken and Coinbase, and integrated EVM with Rewardy Wallet. Supports Circle CCTP for automated USDC transfers with destination-chain execution.
Kindred_AI launches globally on 2026-04-24 with LINEFRIENDS, powering its persistent AI companion platform for millions of state updates, memories, identity, and progression.
Reached two million daily active wallets (all-time high), 5 million weekly users, and 1.4 million average daily active users in Q1 2026, ranking 5th among L1s by average daily active users.
Integrated with Cultz Trade for mobile perpetuals trading on Monaco.
Processed more than $3 billion in stablecoin volume over the 30 days ending February 11, 2026.
Native USDC supply has nearly 100,000 unique holders onchain as of February 11, 2026, experiencing among the fastest growth rates of native USDC supply across blockchains.
Featured in SEI ETP and DIME ETF products on CoinShares.
Envio indexer went live on Sei, enabling developers to sync millions of events in minutes.
Torodex DEX on Sei reached $5M in trading volume.
Integrated Toku stablecoin payroll in 190+ countries, connecting to ADP and Workday for compensation and tax compliance.
Integrated Ondo Finance USDY for tokenized U.S. Treasury yield, supporting swaps, lending, and collateral. USDY ranks as the third fastest growing tokenized U.S. T-bill fund.
Highlighted by CoinShares, the 4th largest ETP manager globally, alongside Ethereum, Solana, and Sui in an article on platforms pushing boundaries of programmable money.
Reached $157.2M TVL in Q4 2025, down 63.5% quarter-over-quarter.
Reached 2.3M daily transactions in Q4 2025, an all-time high, up 16.6% quarter-over-quarter.
Reached an average of $28.8M daily DEX volume in Q4 2025, down 33.9% quarter-over-quarter.
Reached $98.6M stablecoin market cap in Q4 2025, down 33.4% quarter-over-quarter, increasing 90% over four months with P2P supply near all-time high and weekly volume approaching $1B.
Integrated Chainlink CCIP and deBridge for cross-chain interoperability.
Scheduled 95.15M token unlock for February 15, 2026, valued at $7.21M and representing 0.95% of supply.
predpred launched prediction markets with a bonding curve on Sei
Dune is hosting a "Learn on Dune" workshop for Sei onchain analytics on 2026-02-12 at 1pm EST
Recorded $82.9M in whale inflows over a 24-hour period ending around February 8, 2026.
Integrated Coinbase's x402 protocol for machine-native payments. Coinbase Markets plans to integrate the Sei EVM.
Justin Barlow joined as Executive Director at Sei Network.
Partnered with AIxC and Faraday Future to explore AI, blockchain infrastructure, on-chain identity, real-time DePIN, and EV/robotics hardware for mobility and robotics ecosystem.
Founding Engineer and AI Lead Kartik Bali speaks at ETHDenver 2026 with a mainstage presentation on Thursday, 2026-02-20, and at the Quantum Summit.
Lifetime DEX volume surpassed $10B.
Deployed SeiDB and Giga upgrades to enhance performance and storage. SeiDB reduces active state size by 60%, increases state sync speed by 12x, and slows historical growth by 90%; Giga reduces query times from 12,000ms to 50ms (240x faster read latency).
Operates validators by Binance, Kraken, and Anchorage, with BitGo providing custody services.
Released Giga Whitepaper for multi-proposer EVM L1 with Autobahn consensus, featuring 200,000+ TPS and sub-400ms finality. Launched Market Infrastructure Grids with multiple concurrent proposers, geographically distributed validator set, and storage via ReceiptDB replacing PebbleDB, achieving 240x read latency improvement.
Analyst views Sei as well-positioned to serve as settlement layer for tokenized treasuries due to technical capabilities and institutional connections.
Supports native USDC integration via Circle, enabling crosschain forwarding with automated destination-chain execution via Bridge Kit and Circle Gateway.
Integrates Wallchain for MEV protection on the network.
Daily active addresses increased by 92.5% over the last 30 days.
processes approximately 2.6 million EVM daily average transactions
Completed v6.3 update, enabling staking through the EVM layer and 25x faster cold starts when loading and replaying snapshots.
CodeXero offers a creators program with up to $150,000 in funding.
Has 60+ live games deployed on the network.
Maintains approximately 400 millisecond settlement time.
Reached a new all-time high of 2 million average returning users, with returning users tripling since the beginning of 2026.
Deployed Carbon DeFi's Range Order feature, enabling automated filling through its Arb Fast Lane solver system, which arbitrages onchain liquidity.
Sei Labs announced a research breakthrough combining MCP and sharding to solve the tradeoff between low latency and censorship resistance.
Monaco launched Private Alpha for spot trading February 11, 2026, integrated Chainlink's 24/5 U.S. Equities Streams, with trader codes and revenue-sharing model.
Average transaction fee ranges from $0.00003695 to $0.0001 per transaction.
Generated $8.6K in revenue over the last 30 days.
Completed SIP-3 wallet upgrades, deprecating Cosmos-based transactions and transitioning to EVM-only architecture with migration April 6-8, 2026. Giga upgrade targets 200,000 TPS with 390 millisecond finality, 5 gigagas per block, and full EVM compatibility, with EVM-only chain by mid-2026.
Collaborates with Bhutan's sovereign wealth fund DHI to deploy a national validator as part of Bhutan's digital transformation initiative.
Currently has approximately $19 million in 24-hour DEX volume and approximately $21 million in 24-hour perpetuals volume.
Reached 90.1 million unique EVM addresses as of February 11, 2026.
Reached 100 million wallets and 5 billion transactions as of February 11, 2026.
Added 193,871 new EVM addresses in a single 24-hour period on January 19-20, 2026, representing a 34% increase.
Has approximately $30M in tokenized RWA deployments on the network.
P2P Stablecoin supply increased over 152% in the last 6 months.
Reached 1M daily active addresses as of February 11, 2026, up 26% quarter-over-quarter in Q4 2025, an all-time high.
Processes approximately 1.8 million daily transactions.
Researching post-quantum cryptography solutions including ZK batch verification, recursive proofs, and commit-now-verify-later models with economic bonds to maintain throughput at scale, but no implementation has been deployed yet.
Reached all-time highs in daily transactions, daily active users, monthly active users, DEX volume, active contracts, and daily active addresses in mid-December 2025 and Q4 2025.
Reached a combined 75 million embedded wallets across deployed dApps.
Integrated Ondo Finance's USDY, a yield-bearing T-bill and tokenized U.S. Treasury product, on Yei Finance, bringing DeFi-native collateral to lending markets.
Hosts over $20M in compliant RWAs including tokenized treasuries from BlackRock, Apollo, Hamilton Lane, Brevan Howard, and Laser Digital via Securitize and KAIO.
Hosts 2M+ deployed contracts on the network.
Has 19 apps with over 100,000 monthly active users in the ecosystem.
Arb Fast Lane activity on Sei increased 29% week-over-week as of January 14, 2026.
Has 11 native games that exceed 300,000+ monthly active addresses.
Weekly stablecoin volume on Sei grew 104% in 3 months to approximately $1.5 billion.