Welcome to the Sei Overview. In this edition, we explore the Sei’s average revenue per user and why it's a metric worth watching, new updates to Monaco’s trading toolkit, and the network’s net flow performance.
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By the Numbers
$SEI token price: $0.05 (-1.7%)
Market cap: $368.1M (-2.2%)
Total Value Locked (TVL): $53.2M (-5.3%)
Stablecoin market cap: $320.8M (-0.1%)
Daily EVM transactions: 25.7K (-29.1%)
Daily EVM active addresses: 4K (-7.9%)
Block time: 0.41s (-2.4%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: Sei's average revenue per user (ARPU) reached a record $0.01373 last week.
💨 Why it matters: Before this week, Sei's ARPU sat between $0.00033 and $0.00058 for a year straight. The jump indicates that each active user is now generating roughly up to 40x more fee revenue than they were previously.
ARPU tracks the daily revenue generated per user from Sei EVM transaction fees. So this growth comes from either more users, or more valuable transactions.
If we pair this metric with Sei’s shrinking user base, the rising ARPU means revenue is primarily generated by heavier users performing higher-value activities like trading and DeFi, rather than low-fee transactions like wash trading.
💨 The bigger picture: The high ARPU combined with fewer users indicates that the network is being used more for genuine economic activity, like trading and DeFi, and less for the low-fee, high-count transactions that can inflate user numbers without adding much revenue.
However, ARPU is only one metric among several, and a single-week spike doesn’t always correlate to a lasting shift. That said, as Sei implements changes to become more a trading-focused network, network fees and ARPU are useful metrics to track how that change is spurring its growth and user behavior.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Monaco upgraded its SDK to simplify tasks like setting up margin accounts and authenticating backend services, and adding new tools for withdrawals, sub-accounts, and account reporting.
Sei recorded $532.7K worth of bridged net flows ($1.7M in inflow, and $1.2M in outflow), the sixth highest amongst all blockchains in the past 30 days. While that number is still far below than chains higher on the list (current #5 WorldChain had $8.9M worth of net flows), Sei was one of the only networks to have positive flows.
Tokeny.fun upgraded its token launch platform on Sei, adding a swap function, liquidity-provider staking with auto-compounding, vesting and airdrop tools, limit orders, DCA automation, and referral and tipping features. These features are intended to expand the platform from simply a token launchpad into a trading venue.
Y10k Capital has added syzUSD, a yield-bearing version of Yuzu Money's yzUSD (an overcollateralized stablecoin) to its PYUSD0 vault on Sei. This addition lets users borrow against syzUSD without having to leave their staked positions.
Lock in to the ecosystem
Want to get involved?
Check out the latest job postings for 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.