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Sei Network Rallies in Q1 2025 with 78% Rise in User Activity

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Key Takeaways:

  • Sei’s gaming sector experienced significant growth in Q1 2025, with a 151.5% increase in transactions for World of Dypians.
  • DeFi on Sei saw a 73.7% rise in TVL, reaching $363.1 million, despite a 56.5% drop in the SEI token price.
  • Community engagement initiatives, including the Sei More Campaign and Builders Fund, contributed to a 78.1% increase in daily active addresses.

During the first quarter of 2025, Sei’s gaming ecosystem showcased high diversity and activity. The network’s Diversity score for gaming stood at 8, with each of these applications making up 90% of all gaming-related transactions, according to the Messari report.

Specifically, “World of Dypians,” an Epic Games playable multiuser game, topped the category with a daily count of 61,220 transactions, an increase of 151.5% from the previous quarter.

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“Archer Hunter,” the roguelike game for mobile, also played an important part with transactions of 45,070, an increase of 37.4% over the earlier quarter. Europe Fantasy League and Astro Karts also enriched the gaming scenario of the platform.

DeFi Sector Expands Amidst Token Price Decline

The network’s DeFi sector exhibited robust growth in Q1 2025, with Total Value Locked (TVL) increasing by 73.7% to $363.1 million. This growth occurred despite a 56.5% decline in the SEI token price, which fell to $0.17.

The DeFi Diversity score increased by 50%, from 4 to 6, indicating an improvement in the maturity of an expanding range of protocols.

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Yei Finance continued to dominate the lending and borrowing space, holding $192.1 million of TVL at the end of the quarter, which constituted 53.2% of Sei’s total TVL. New entrants like Takara Lend and Avalon Finance also emerged, contributing to the sector’s diversification.

Community Initiatives Drive Sei Network Engagement

The network’s devotion to community engagement manifested in several initiatives during Q1 of 2025. The Sei More Campaign encouraged content creation on social media, while the Builders Fund and the Creator Fund rewarded developers and creators with funding.

These programs were responsible for an increase of 78.1% in daily active addresses, which reached 311,900, and an increase of 59% in daily transactions, reaching a total of 639,800. This emphasis of the network on community involvement and support of builders reflects its efforts towards driving adoption and innovation.

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SEI Token Rockets 3,000% On Debut, Sei Network Hits $1.8B Valuation

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The SEI token, native to the Layer 1 trading blockchain Sei Network, has witnessed an astounding surge of over 3,000% in its value following its listing on major cryptocurrency exchanges. The listing of the token on exchanges including Binance, Bybit, and Bitget took place on August 15, propelling the token’s fully diluted valuation to an impressive $1.8 billion on its inaugural day of trading.

SEI 7D graph coinmarketcap
Source: Coinmarketcap

Upon its debut on the Binance exchange, the token made a striking entrance by opening at a modest $0.064 per token. However, its price swiftly escalated, reaching a peak of $0.48 before settling at $0.193. It’s important to note that the token boasts a total supply of 10 billion units, with an initial supply of 1.8 billion units.

While the token’s limited trading history presents an in-depth analysis of its price dynamics, observations from its initial trading sessions indicate that the token demonstrates signs of resilience following a surge and subsequent correction experienced on its first trading day.

Notably, the token’s relative strength index (RSI) has shown remarkable stability, maintaining levels above 50 after surpassing 80 during the previous trading session. It suggests that the token has managed to maintain a degree of buying momentum despite profit-taking activities by some traders.

Due to its status as a newly minted and highly anticipated cryptocurrency, industry experts speculate that the token’s value could experience further upward momentum in the coming days. Analysts foresee the potential for the token to ascend to levels of $0.90 or even higher in the short term.

SEI 1D graph coinmarketcap
Source: Coinmarketcap

Sei’s Vision and Ambitious Plans

On the same day as its listing, Sei Network unveiled the beta phase of its mainnet, marking a significant milestone for the project. Developers behind the network reported substantial activity during the alpha phase, with more than 400 million transactions recorded and 7.5 million test wallets created. 

The network has demonstrated remarkable transaction finalization speed, which can process up to 20,000 transactions simultaneously in as little as 0.5 seconds. Sei Network’s infrastructure is built upon the Cosmos software development kit, designed to enhance the trading functionalities of decentralized exchanges (DEXs). Key features include a powerful matching engine and tools to prevent order front-running, poised to revolutionize the DEX landscape.

Jeff Feng, the co-founder of Sei Labs, shared insights into the project’s vision, stating that scalability issues, congestion, and sluggish transaction speeds hamper the current state of Web 3 infrastructure. As part of its ambitious roadmap, the network has plans to introduce 30 Sei applications by the close of the year. Among the notable projects in the pipeline is DEX SushiSwap’s intention to launch a perpetual futures exchange built on the Sei protocol.

The extraordinary surge in the token’s valuation, coupled with the unveiling of Sei Network’s groundbreaking functionalities, is poised to leave an indelible mark on the rapidly evolving landscape of cryptocurrency and blockchain technology. 

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