Welcome to the Sei Overview. In this edition, we explore findings from the Sei Development Foundation’s joint report with Mastercard, as well as Monaco growth and Sei Labs’ research into quantum computing.
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By the Numbers
$SEI token price: $0.04 (-7.4%)
Market cap: $295.27M (-8.2%)
Total Value Locked (TVL): $32.7M (+3.8%)
Stablecoin market cap: $303.3M (+0.3%)
Daily EVM transactions: 15.2K (-33.3%)
Daily EVM active addresses: 2.5K (-44.4%)
Block time: 0.46s (-6.1%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
Highlighting the biggest developments on Sei
💨 What’s happening: The Sei Development Foundation and Mastercard published a joint report on how financial institutions today evaluate blockchain infrastructure. The report was based on more than 40 interviews with industry leaders across payments, compliance, and blockchain infrastructure.
💨 Why it matters: Below are three major insights from the report:
Financial institutions have a specific process
Institutions deciding if they should integrate blockchain technology into their existing workflow, go through a multi-stage process that requires a decision maker and standard at each step.
The stages are:
Eligibility: As the first step, eligibility asks whether the activity is permitted at all for the institution in question, and if not, the company cannot proceed.
Validation: Here, the question is whether the system behaves predictably and can be audited.
Pilot: In this step, teams study if they can actually operate and use the technology.
Production: This step involves studying whether accountability is contractually binding.
Scale. Lastly, scale is about all of the above can hold true at high volumes.
The tech performs at par with expectations
The report puts aggregate capacity across major networks at roughly 3,400 transactions per second, around 100 times 2019 levels. According to the report, what is holding institutions back is the confidence regarding whether settlements are final, whether liability can be clearly assigned, and whether governance can meet regulators’ expectations, and perform at scale.
Institutions pick blockchains to meet specific needs.
For real-time payments, throughput and finality are non-negotiables. For treasury and cash management, the primary factors are governance controls, audit traits and operational reporting. However, a blockchain that meets specific criteria once doesn’t mean it can do so every time. An institution that runs a successful low-risk deployment may not clear the bar for higher volume use cases, for example.
💨 The bigger picture: Overall, the report found that the frameworks institutions use to evaluate blockchains revolve around assessing the technology and if it is applicable to their needs. While performance is an important feature, it appears that governance, liability and operational track record are the areas that institutions weigh more when determining if blockchains are production-ready.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Monaco hit 125K unique total addresses on August 25. Unique addresses count individual holders and filter out users that may have multiple wallets in order to track actual usage.
Sei Labs published a research paper about an authentication system for authorizing transactions without requiring a signature. Rather than signing with a private key, in this system, an account commits to a hidden secret in one transaction, and reveals it in a second one. This methodology uses only hashing, which quantum computers are not expected to break.
Sei Labs created Sedroid, an in-house AI code review bot. The project is intended to be developed into a platform where agents investigate incidents, respond to queries, and execute high-level specifications.
Lock in to the ecosystem
Want to get involved?
Check out the latest job postings on Sei Labs and Sei Development Foundation.
Explore Sei’s ecosystem to find regional partners and learn how to build on its EVM layer.
That’s all for this week.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.