Welcome to the Sei Overview. In this edition, we explore Sei’s lowest block time to date, staking changes ahead of its EVM migration, and perpetual futures trading ecosystem.
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By the Numbers
$SEI token price: $0.06 (+9.6%)
Market cap: $442.5M (+10%)
Sei Total Value Locked (TVL): $64.2M (+0.8%)
Daily EVM transactions: 606.2K (-13.8%)
Daily EVM active addresses: 596.4K (-8.6%)
Block time: 0.40s (-14.9%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: Sei’s block time hit an all-time low of 0.36 seconds on May 20.
💨 Why it matters: Block time is the average time required to create a new block on the blockchain. It’s an important metric to track, as it reflects the rate at which a network processes transactions, and consequently has an effect on its security, scalability and cost.
Every transaction has to wait for the next block before it is settled, so a lower block time means a user has to wait less for their transactions to be confirmed.
For Sei, a blockchain focused on providing high-speed trading infrastructure, lower block times means market makers on order book exchanges are exposed for shorter windows, since they update their prices after every block.
“[Sei] v6.4 is the latest [network upgrade], and it meaningfully decreases block time by trimming per-block work and cutting allocation pressure in execution and state handling,” Jay Jog, co-founder of Sei Labs told Token Relations.
As there's a lower delay between a user submitting a transaction and seeing it settled, users can expect their trades to go through on the prices they submit their transactions, instead of having to deal with a different price appearing when they submit the transaction.
💨 The bigger picture: Market makers update their prices after every block, so the longer the block time, the longer they stay exposed while the market moves. That risk leads to wider spreads and worse pricing for everyone trading on the venue. A block time of 0.36 seconds serves to shrink that exposure window, which is the very problem Sei aims to solve.
That said, block time is one indicator among several, and on its own it does not measure how well a blockchain performs, only serving as an indicator of speed.
Together with Sei’s instant finality, low block times makes Sei's order book design viable for processing large amounts of transactions.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Silo Finance’s staked SEI is being depreciated by June 1 as part of the network’s transition to an EVM-only layer
Monaco has opened the private beta for its spot, perpetual futures and prediction markets trading platform, alongside ecosystem projects Cultz, a perp DEX, and Monte Carlo, a crypto and equities options platform
Sei had a design rebrand as the network expands its focus across trading and financial applications for institutional use cases
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Lock in to the ecosystem
Want to get involved?
Check out the latest jobs at the Sei Development Foundation and Sei Labs
Sign up for NY Tech Week events hosted by Sei: Sumvin’s Happy Hour on June 1, and Mastercard’s institutional panel on June 2
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.