- Active addresses on SEI just hit a new all-time high above 1.5 million.
- In total 19 apps on the SEI blockchain have surpassed 100,000 monthly active addresses.
The SEI blockchain is recording a massive jump in its daily active addresses. According to a new post on X from Jan. 13, SEI is seeing a daily address count of over 1.5 million. This growth is visible in different areas, including DeFi and gaming.
Sei Bags New Milestone in Daily Active Addresses
The Sei team disclosed that the recent spike in daily active addresses is a historic high for the network. In the past 4 months, the Sei active daily average addresses surged to more than 1.5 million.
The increase suggests strong organic growth, which could translate into other positives for the network. It implies that more users are interacting with the Sei blockchain, which is recording increased adoption and usage.
In its post, the Sei team emphasized that the recent network growth is compounding and not from a single app. They pointed out that user activity has increased across payments, DeFi, gaming, and consumer.
Based on the available data, 19 apps have surpassed 100,000 monthly active addresses, a sign of broad user adoption.
One of the top leaders is Kindred Labs, whose platform hosts more than 100,000 daily active addresses. Kindred is a consumer-facing project building artificial intelligence (AI)-powered companions. Achieving over 100,000 daily users puts it ahead in non-financial consumer and Web3 entertainment apps.
Takara Lend emerged as the second most active EVM lending app by daily addresses, surpassed only by the Aave protocol.
Furthermore, Yei Finance, another major lending market on Sei, ranks as the top 5 EVM chain by total transaction count. This achievement highlights massive on-chain volume and usage in the Sei DeFi sector.
In the Sei gaming sector, 11 games have surpassed 300,000 monthly active addresses. As regards payments, peer-to-peer (P2P) stablecoin supply rose 155% in just 6 months. Also, weekly stablecoin volume surged 104% over 3 months to approximately $1.5 billion.
SEI Price Rally Amid Network Growth
Generally, increased network adoption leads to a spike in price as more addresses become active and demand grows.
As of press time, the SEI price exchanged at $0.1240, representing a 1.8% increase in the last 24 hours.
Some market participants maintained that the Sei Network will experience further price growth to match the spike in daily active addresses.
The chart indicates that SEI might experience a potential 500% increase, which could see its price rise to as high as $ 1.80.
Meanwhile, the rising user adoption of Sei coincides with an upcoming network upgrade, Giga. Sei Giga introduces multiple concurrent proposers and new MEV patterns backed by formal research from Sei Labs.
In a recent update, we covered how Sei Giga introduces multiple concurrent proposers and new MEV patterns. Besides this upgrade, Sei recently integrated with Allora to strengthen its network on-chain market capabilities.
Credit: Source link
