SEI surges in L1 wars with 1M+ daily active wallets, 2.8M transactions, and growing stablecoin market cap.

SEI surges in L1 wars with 1M+ daily active wallets, 2.8M transactions, and growing stablecoin market cap.

SEI, the native token of the Sei blockchain network, has seen a remarkable surge in trading volume and market activity. According to Coinbase data, SEI surged by 105% in trading volume since yesterday, ranking fifth among Layer 1s with an 18% weekly price gain [3]. This performance is notable as it outpaces the average weekly gain of 9% for its category.

The Sei blockchain network, designed to provide developers with infrastructure for efficient and secure decentralized exchanges, has gained significant traction. The network has seen a substantial increase in daily active wallets, with over 1 million wallets now actively participating. Additionally, the network has processed over 2.8 million transactions in the past 24 hours, highlighting its growing user base and transaction volume [3].

The surge in SEI’s popularity can be attributed to several factors. The network’s zero-fee SEI ETP, launched in July 2025, offers staking yields across Europe, making it an attractive option for investors and users alike [3]. Furthermore, the network’s support for a U.S. nonprofit aimed at advancing protocol adoption and growth has fostered a sense of community and commitment to the network’s success [3].

The growing popularity of SEI coincides with a broader trend in the stablecoin market. According to data from defillama.com and Artemisanalytics.com, the total value of the stablecoin market has surpassed $270 billion, marking a new milestone for the sector [2]. This growth is driven by the increasing adoption of stablecoins for everyday payments, settlement, and trading, with USDT and USDC leading the market [2].

The stablecoin market’s expansion is particularly notable in regions where traditional banking systems are less developed. Tether’s USDT, for instance, is widely used in emerging markets like Turkey, Brazil, and several African nations to hedge against currency devaluation and inflation [1]. This trend reflects a broader shift in global financial usage, with stablecoins playing an increasingly important role in both everyday payments and broader financial access.

As the stablecoin market continues to grow, so too does the demand for efficient and secure blockchain networks. SEI’s surge in trading volume and market activity is a testament to the network’s ability to meet these demands. With over 1 million daily active wallets and 2.8 million transactions processed in the past 24 hours, SEI is well-positioned to capitalize on the growing stablecoin market and the broader trend of increased blockchain adoption.

References:
[1] https://www.blocmates.com/news-posts/tether-usdt-drives-40-of-all-blockchain-fees-is-it-becoming-the-global-dollar
[2] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=stablecoin-float-surpasses-270-billion-setting-a-new-high
[3] https://www.coinbase.com/price/sei