Welcome to the Sei Overview. In this edition, we explore Sedna’s involvement in the Giga upgrade, gas-sponsored transactions, and yield strategies on the network.
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By the Numbers
$SEI token price: $0.05 (+0.01%)
Market cap: $368.6M (-0.15%)
Sei Total Value Locked (TVL): $61.7M (+48.3%)
Daily EVM transactions: 1.2M (-53.9M)
Daily EVM active addresses: 734K (-65%)
Real-time transactions per second: 60.76 tx/s (-14.9%)
Block time: 0.58s (+6.3%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: Sei Labs has introduced Sedna, a privacy protocol designed to prevent block producers on its network from trading ahead of user transactions, its Giga upgrade.
💨 Why it matters: Most high-throughput blockchains give block producers visibility into incoming transactions before they are settled. A group of producers acting together can use that visibility to make trades before the transactions are settled in order to make a profit.
Such practices are prohibited in traditional finance, because they serve to the detriment of not only the user experience but to price predictability and trust in the long run.
Blockchain networks have generally treated these practices as an unavoidable cost of doing business at high speed since block producers are crucial to processing transactions .
Sedna is designed to solve this issue. When a user submits a transaction, they can choose to break it into coded fragments and send different pieces to different producers. No single producer receives enough information to read the full order, and the complete transaction only becomes visible once enough fragments are combined across the network. Users decide how many fragments are required for reconstruction, giving them direct control over how difficult interception becomes.
This matters in the context of Sei’s upcoming Giga upgrade because it will enable multiple producers to handle transactions simultaneously.
💨 The bigger picture: For a blockchain to function as a credible trading venue, it must be fast, and orders must be protected. Most high-throughput chains have solved the speed problem, but still struggle to protect transactions from predatory front-running tactics.
Sei’s Giga upgrade will address the speed side by separating how transactions are received, ordered and executed, allowing each step to be optimized independently.
Sedna is aimed at addressing the protection issue by ensuring that the producers enabling high transaction speeds can’t abuse their position to front-run other users.
Together, Giga and Sedna would help Sei bring to reality its ambition to become a public blockchain that can match the settlement speeds of venues like the NYSE and Nasdaq, while enforcing equivalent order protections through protocol design rather than regulation.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
MetaMask has turned on gas-sponsored transactions for Sei EVM-related actions
RWA transfer volume rose 29.7% last week to $2.3M, mainly due to Ondo’s U.S. Dollar Yield fund
Spectra released Principal and Yield Tokens on Sei, letting users earn yield on leverage, as well as see predictable outcomes when entering a vault
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Sumvin, an agentic finance platform on Sei, has signed on as a pilot partner for Visa’s Intelligent Commerce Connect, a network-agnostic on-ramp that enables AI agents to initiate payments across card networks and protocols
Y10k Capital’s PYUSD0 vault hit $9.1M in deposits just a week after its launch
Helium Wars launched its onchain battle royale shooter game on the Epic Games store
Vaults on Yei Finance’s Clovis network now show how funds are allocated across chains, as well as their risk levels
Saphyre integrated Privy to its DEX so users can create accounts using social logins
Lock in to the ecosystem
Want to get involved?
Check out the latest jobs at the Sei Development Foundation and Sei Labs
Participate in Sei’s Nitro campaign and earn a piece of a $270K rewards pool for lending USDC on Yei Finance
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.