Welcome to the Sei Overview. In this edition, we explore Monaco’s deployment of MCP server for AI capabilities, as well as Sei’s growth of RWA holders and DEX volume.
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By the Numbers
$SEI token price: $0.047 (+19.4%)
Market cap: $321.5M (+19.4%)
Total Value Locked (TVL): $31.5M (-15.1%)
Stablecoin market cap: $302.42M (+1%)
Daily EVM transactions: 22.8K (+64%)
Daily EVM active addresses: 4.5K (-6.3%)
Block time: 0.49s (+19.5%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: Monaco deployed a Model Context Protocol (MCP) server to its testnet, letting AI applications connect directly to its markets and data.
💨 Why it matters: MCP is a standard that enables AI tools to connect to third-party services such as data stores and tools.
Implementing the protocol lets Monaco improve its exposure to AI agents and applications, which traders can use to pull orderbook data, compare funding rates or review trades using natural language queries.
MCP servers also remove the need to construct some tools on Monaco: instead of writing integrations before testing, developers can connect their AI agents to the network’s MCP server, and start querying it right away. That lowers the barrier for creating strategies, dashboards and research tools.
💨 The bigger picture: Currently, Monaco’s MCP server only allows AI agents to read and analyze data, but traders still need to make trades themselves.
That gap is being addressed through ZeroDev’s smart account integration, which replaces a standard wallet with a programmable contract that lets users grant an app permission to act on their behalf.
Combined, this setup allows an AI model to read Monaco’s orderbooks and place orders through an AI-powered account.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Sei’s RWA holders rose to 1,997 after Ondo U.S. Dollar Yield added 1,805 new holders on August 14.
The crypto market rallied 13% to $2.554 trillion last week. As a result, Sei’s active DEXs saw a spike in transactions on August 19: Carbon (8.3K), Yaka (1.1K) and Oku (4.3K).
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.