Sei Network Achieves One Million Daily Active Wallets

Sei Network, a high-performance Layer 1 blockchain around $1B market cap, optimized for digital asset markets, has crossed one million daily active wallets.

Launched in 2023, Sei delivers sub-second finality and high throughput, making it one of the fastest-growing networks in the DeFi and Web3 space. The milestone follows June’s tally of 600,000 daily active wallets, highlighting rapid adoption.

Rising Network Activity For Sei

Sei now processes over 4.2 million daily transactions and holds $675 million in total value locked (TVL), an all-time high. On certain days, its daily active user count has even surpassed Solana, reflecting its growing competitive edge.

The $SEI token has surged 33% in recent weeks, supported by increased liquidity and rising stablecoin activity, which has reached $4.68 billion daily.

Drivers Behind Sei Wallet Growth

A recent MetaMask integration has opened access to millions of wallet users, simplifying cross-chain swaps and onboarding. Gaming dApps and DeFi protocols have also fueled adoption, pushing monthly active users beyond 11 million.

Technical innovations like parallelized EVM execution and optimized consensus have attracted developers seeking efficiency. Regulatory approvals, notably in Japan, and new app launches have further boosted engagement.

Market Impact

This milestone strengthens Sei’s standing in high-throughput blockchain infrastructure. For users, it brings faster transactions, more dApps, and deeper liquidity. For the market, it signals the growing role of specialized Layer 1 networks competing with established chains.