While much of the activity in the cryptocurrency sphere tends to revolve around speculation and narrative trends, Sei Network is taking a distinctive approach that demonstrates its potential through genuine adoption.
With a notable increase in user engagement and on-chain transactions, Sei Network is beginning to capture significant interest. While attention isn’t everything, the current level of interest is encouraging, especially as new initiatives continue to emerge with impressive daily engagement metrics.
Usage Rises as Sei Network Sees Increased Activity
In just the past 24 hours, Sei Network has registered over 462,000 active addresses—a remarkable 38% rise from the previous day. Additionally, daily transactions surged more than 43%, surpassing 1 million transactions per day. These statistics indicate not just a fleeting increase, but a developing ecosystem where leading developers are actively utilizing the network.
Importantly, the growing engagement with Sei isn’t driven solely by hype or marketing. Daily contract deployments are consistently increasing, and new applications are being launched at a robust pace. In an industry often overshadowed by promotional noise and inflated metrics, Sei’s data suggests that substantial and meaningful developments are underway. Looking ahead, Sei Giga is set to launch.
Sei Giga: Introducing the First Multi-Proposer EVM Layer 1 Blockchain
Sei Network Labs recently released the Giga whitepaper, showcasing an ambitious new technical vision for blockchain scalability. It introduces the first multi-proposer EVM Layer 1 blockchain, designed specifically for decentralized applications where performance is paramount. This architecture addresses a critical challenge in blockchain design: significantly increasing throughput and reducing finality time, all while maintaining security and avoiding a return to centralization.
Sei Giga boasts an impressive capacity of over 200,000 transactions per second, with a throughput capability of 5 gigagas. It offers remarkable finality times—under 400 milliseconds—ranking it among the fastest Layer 1 platforms available. This substantial computational power is tailored for next-generation applications that require ultra-low latency and high throughput, such as real-time gaming, financial trading protocols, and interactive decentralized applications (dApps) that cannot operate effectively on slower chains.
The performance of Sei Giga is based on several key innovations. One such advancement is the Autobahn consensus protocol, which allows for parallel block proposals, effectively avoiding the bottlenecks seen in traditional linear consensus systems. Additionally, async state commitments streamline the data propagation and finality optimization process without introducing inconsistencies. The combination of these innovations results in a system that scales dramatically better—by orders of magnitude—while remaining compatible with the Ethereum Virtual Machine.
A Scalable Infrastructure for the Future of Web3
Sei Labs aims not merely to establish another blockchain platform, but to serve as a foundational element for the next generation of internet applications. Their core team, which includes a product lead from fintech leader Stripe, prioritizes performance, scalability, and user experience—clear indications of their seriousness and understanding of their target audience: the Web3 developer community.
Backed by a group of prominent investors, Sei Labs has both the resources and the strategic insight to compete with stalwarts in the smart contract arena that many newcomers shy away from. Among these industry heavyweights, Sei Labs distinguishes itself through its clear commitment to performance. What other performance-focused smart contract platform does it resemble most? It appears to be Solana.
The user base and functionality of Sei Network continue to expand with the release of Sei Giga. The praise for the project reflects its significance as a serious contender in the Layer 1 blockchain landscape. With a unique architecture, proven delivery capabilities, and a strong emphasis on performance, Sei is a noteworthy project to watch.