Sei Network, a layer 1 high speed blockchain, has just reached a remarkable step. The number of portfolios active on its network has exceeded 600,000, the greatest number of its history.
This growth comes as the SEI ecosystem draws the growing attention of game and deffi projects. However, the price of its native token, SEI, fell by more than 30% in May.
Why is the SEI network ecosystem booming in T2?
According to Flipside data, Sei Network has attracted 17 million new addresses since January 2025, bringing the total number of active addresses to 26.8 million. The Q2 has become the acceleration phase of SEI, the daily creation of new addresses exceeding 330,000.
The overvoltage in new addresses shows a strong influx of users who join the SEI ecosystem. Consequently, the daily number of active portfolio of SEI has reached a new peak, crossing 600,000.
New users have also brought a new capital, which leads to a total locked value (TVL) to a new summit of more than $ 550 million in May before adapting to $ 471 million at the time of the editorial staff.
The SEI network is known as a high -speed blockchain designed to optimize performance and scalability. It is particularly suitable for applications that require rapid transactions, such as high frequency trading and chain games.
Chain game is now a major engine of the growth of the SEI network. Dappradar’s data show that the most active DAPPs on SEI are game projects. Titles like World of Dypians, Hot Spring and Archer Hunter attracted large user bases.
“Lots of SEI games = a lot of unique address transactions. It’s as simple as that,” said X Gire on SEI.
Despite the strong development of the ecosystem, the SEI price has failed to reflect this growth. According to Beincrypto, the price of SEI fell by more than 30% in May 2025. This drop raised concerns among investors.
The drop occurred in the middle of a larger pressure on altcoins. Bitcoin domination has increased and most investors have been focused on Bitcoin.
However, some analysts remain optimistic about the prospects of SEI. Soroush Osivand, CEO of SSE Exchange, stressed that Sei had formed a model of head and reverse shoulder on the weekly graph. This is a technical signal that could suggest a hone -in -law trend reversal.
Despite positive data on the chain, the drop in SEI prices can affect the feeling of investors, especially among those who are still on the sidelines. In a fiercely competitive layer 1 market – with competitors like Solana, Aptos et Sui – Sei must continue to innovate and attract major projects to maintain its position.
Non-liability clause
In membership of the Trust project guidelines, Beincrypto has embarked on transparent impartial reports. This press article aims to provide precise and timely information. However, readers are invited to check the facts independently and consult a professional before making decisions according to this content. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
