• Sei Network’s daily transactions have tripled in three months, driven by a surge in Web3 gaming.
  • Sei’s total value locked reached an all-time high of $600M, positioning it as a strong rival to Ethereum and Solana in both gaming and DeFi sectors.

Leading layer-1 blockchain Sei Network has reached a significant milestone as daily transactions have surpassed 1.6 million, a threefold increase in the last three months due to the rapid rise in Web3 gaming activity.

SEI’s market cap is reported to be between $1.48 billion and $1.55 billion as of June 2025, making it one of the top-performing cryptocurrencies, highlighting Sei's growing significance in the decentralised ecosystem.

With a surge of new users and developers drawn to Sei's gaming ecosystem at the beginning of the second quarter, the trend started to pick up speed.

The number of connected wallets on the network increased by 74% to 8.8 million in the last 30 days, and in only one week, game transaction volumes hit $469 million.

With user increases of up to 139%, well-known games like World of Dypians, Archer Hunter, and Empire of Sei have helped fuel this expansion.

In addition to gaming, the decentralised finance (DeFi) industry in Sei has grown significantly. The chain's total value locked (TVL) increased by 2,000% since March 2024 to reach an all-time high of $602 million.

According to industry observers, Sei is positioned as a rival to well-known chains like Ethereum and Solana due to its capacity to manage intricate workloads.

Sei intends to use developer grants and strategic alliances to broaden its ecosystem in an effort to increase its market share in the $10 billion Web3 gaming industry.

Sei's record-breaking activity indicates a growing Web3 market, with gaming at the forefront, while institutional interest in blockchain develops.

Edited by Annette George