Introduction
Welcome to our Zoomed-in series, where we explore cutting-edge blockchain ecosystems. Today, we focus on Sei, an EVM-compatible Layer 1 chain blending Ethereum’s developer-friendly standards with Solana’s speed.
2024 has been a landmark year for Sei:
- $250M Total Value Locked (TVL)
- 400K Daily Active Addresses
- 150+ Live Mainnet Applications
The V2 upgrade (July 2024) fused Sei’s parallelized architecture with EVM compatibility, attracting giants like Uniswap and MetaMask. Now, the team eyes Giga, an upgrade promising 50x throughput over current EVM chains—targeting 5 gigagas/second to support apps like Instagram or TikTok.
Sei Network at a Glance
Key Features
- First Parallelized EVM: Combines Ethereum’s tooling with Solana’s speed.
- Scalability: Outperforms Solana in transaction throughput.
- Ecosystem: Backed by Multicoin, Jump Crypto, and Coinbase Ventures.
👉 Explore Sei’s official website
Growth Metrics (2024 Highlights)
DeFi & User Activity
| Metric | Sept 2024 | Dec 2024 | Growth |
|----------------------|---------------|---------------|---------|
| TVL | $101M | $243M | +141% |
| Daily Addresses | 23K | 318K | +1,307% |
| Avg. Transactions| 102K | 601K | +489% |
Sources: DeFiLlama, Artemis, Dune
Top Protocols on Sei
DeFi Leaders
- Yei Finance ($135M TVL) – Lending protocol, +45% monthly growth.
- SiloStake ($96M TVL) – Liquid staking, +41%.
- Dragon Swap ($45M TVL) – Top DEX, +19.6%.
Trading Volume (7-Day)
- Dragon Swap: $112M
- Uniswap V3: $60M
- Jellyverse: $20M
Gaming Ecosystem Boom
Top Games by Unique Active Wallets (UAW)
- Dragon Slither: 748K UAW (+9,000% in 30 days).
- SpinCity: 240K UAW.
- Archer Hunter: 220K UAW.
Volume Surge
- Good Game Arcade: $500K (+3,200%).
- FishWar: $330K (+2,600%).
What’s Next? The Giga Upgrade
Giga aims to redefine computational capacity with:
- 5 gigagas/second throughput.
- Support for high-demand social apps.
- Enhanced EVM compatibility.
👉 Learn more about Sei’s roadmap
FAQs
Q: How does Sei compare to Solana?
A: Sei offers EVM compatibility with parallel execution, achieving higher throughput than Solana.
Q: What’s driving Sei’s TVL growth?
A: Key protocols like Yei Finance and Dragon Swap are attracting liquidity with competitive yields.
Q: When is Giga launching?
A: No official date yet, but testnets are expected in Q1 2025.
Conclusion
Sei’s hybrid architecture, explosive growth, and ambitious roadmap position it as a frontrunner in the Layer 1 race. Keep an eye on Giga—it could be a game-changer for blockchain scalability.
For real-time metrics, visit Sei’s Dune Dashboard.
### SEO & Keyword Integration
**Core Keywords**: Sei, Layer 1 Blockchain, EVM-Compatible, Parallelized EVM, Giga Upgrade, DeFi TVL, Blockchain Gaming.
**Optimizations**:
- Natural keyword placement in headings and body.