Ethereum News Today: Etherscan Brings Ethereum-Style Transparency to High-Flying Sei Network

Etherscan has expanded its blockchain explorer capabilities to the Sei network, launching a tool named Seiscan. This new platform enables users to monitor on-chain activity on Sei’s EVM-compatible network, offering functionalities similar to those on Ethereum. The move enhances accessibility for developers and traders, providing them with tools to track wallet addresses, transactions, token movements, and smart contract data [1]. Etherscan processes over 1 billion API calls daily across Ethereum and other supported chains, and its integration with Sei is expected to offer similar robust analytics and APIs to the Sei ecosystem [1].

Sei’s ecosystem has experienced significant growth in recent months. As of late 2025, the total value locked (TVL) on the Sei blockchain has surged from just over $5 million at the start of 2024 to $560 million. Trading activity has also remained strong, with $1.3 billion in trading volume reported for August 2025, slightly down from a peak of $1.56 billion in July [1]. This growth trajectory is supported by increasing institutional interest, including the launch of a SEI staking exchange-traded product (ETP) by CoinShares, which was introduced in early August 2025 across Europe [1].

The expansion of Seiscan aligns with broader trends in the blockchain industry, where EVM compatibility continues to drive adoption and interoperability. Sei’s EVM-compatible structure allows for the deployment of Ethereum-based applications with minimal code adjustments, making it an attractive environment for developers. The platform’s infrastructure now includes access to the same API-driven analytics that have become foundational in Ethereum’s DeFi space, potentially accelerating the migration of DeFi protocols and applications to the Sei network [1].

Despite the positive developments, the SEI token has experienced a 4.5% decline over the past 24 hours, reflecting broader market trends. The broader cryptocurrency market has also seen a slight downturn, with a 2.8% decline in the same period. These fluctuations underscore the volatile nature of the crypto market and the potential for sudden shifts in investor sentiment, even in the context of growing underlying infrastructure and usage [1]. Analysts emphasize the need for continued observation of both on-chain metrics and macroeconomic indicators to assess the long-term trajectory of Sei and its token.

The integration of Etherscan into Sei represents a strategic move to enhance transparency and usability within the network. By leveraging the established trust and familiarity of Etherscan’s interface, Sei is positioning itself as a viable alternative to Ethereum for developers and users seeking scalable, high-performance solutions. The platform’s ability to process high volumes of transactions and maintain robust security features further supports its appeal in a competitive blockchain landscape [1]. As Sei continues to develop its ecosystem, the availability of advanced tools like Seiscan is expected to play a crucial role in sustaining and accelerating its growth [1].

Source: [1] Etherscan Expands to Sei Blockchain as Network's Trading Volume Tops USD1.3B (https://www.coindesk.com/web3/2025/09/04/etherscan-expands-to-sei-blockchain-as-network-s-trading-volume-tops-usd1-3b)