Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.24% | 4.66% | 4.40% | 31.58% | 8.60% | 0.87% |
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Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | SEI/USD | $0.1138 | $198,163 | $248,089 | $5,255,668 | 16.28% | |
| 2 | UUpbitCEX | SEI/KRW | $0.1146 | $159,557 | $149,174 | $4,415,995 | 13.68% |
| 3 | BBybitCEX | SEI/USDT | $0.1139 | $90,656 | $115,345 | $3,572,717 | 11.07% |
| 4 | KKuCoinCEX | SEI/USDT | $0.1139 | $62,340 | $131,312 | $2,960,434 | 9.17% |
| 5 | PPhemexCEX | SEI/USDT | $0.1138 | $5,021 | $4,841 | $1,592,037 | 4.93% |
| 6 | BBingXCEX | SEI/USDT | $0.114 | $151,954 | $209,755 | $1,286,987 | 3.99% |
| 7 | BBithumbCEX | SEI/KRW | $0.1146 | $85,515 | $121,086 | $1,093,065 | 3.39% |
| 8 | BBitgetCEX | SEI/USDT | $0.1138 | $142,000 | $173,799 | $959,895 | 2.97% |
| 9 | OOKXCEX | SEI/USDT | $0.1136 | $122,870 | $137,879 | $838,852 | 2.60% |
| 10 | HHTXCEX | SEI/USDT | $0.1139 | $5,749 | $7,937 | $466,590 | 1.45% |
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About Sei Network
Sei is a trading-oriented high-performance Layer1 that introduced parallelized EVM after mainnet and moved fully to an EVM-only architecture via community proposal SIP-3, targeting DeFi, gaming and high-frequency applications. It tackles the insufficient throughput and slow finality of general chains on order-book-style apps by processing independent transactions with a parallel execution engine. Its technology includes parallelized EVM with execution and storage engine optimizations and components paving the way for the Giga upgrade, aiming for 200,000 TPS and sub-400-millisecond finality.
On August 7, 2026, Sei completed its v6.6 mainnet upgrade, launching the Ares execution engine and Eidos storage engine as the foundation for Giga. Its trade-off is that about 30 percent of supply remains under a multi-year vesting schedule while TVL has clearly fallen from its historical peak, and the tension between ecosystem growth and token-release pacing remains its main competitive boundary.
Sei was founded in 2022 by Jay Jog and Jeff Feng as a high-performance chain built for trading, raising about $85 million across 2022 and 2023.
In August 2023 the Pacific-1 mainnet launched with the SEI token, and first-day trading volume exceeded $1.1 billion.
In November 2023 Sei Labs proposed V2, aiming to add a bytecode-compatible EVM while keeping parallel execution.
On July 9, 2024 Sei V2's parallelized EVM opened to all developers, and TVL rose from under $50 million to a $1 billion peak by May 2025.
In 2025 the Sei community passed SIP-3, phasing out native Cosmos transactions, CosmWasm and IBC in favor of an EVM-only architecture.
In May 2025 Canary Capital filed for a staked SEI ETF and 21Shares followed in August, beginning to build an institutional product line.
In December 2025 the Sei Foundation partnered with Xiaomi to preinstall a Sei wallet on new phones sold outside mainland China and the US from 2026, reaching roughly 168 million annual shipments.
In August 2026 the first Eidos components of the Giga upgrade shipped in v6.6, targeting 200,000 TPS and sub-400-millisecond finality.
Sei completed its v6.6 mainnet upgrade on August 7, 2026, bringing the Ares execution engine and Eidos storage engine online as the foundation for the Giga upgrade (targeting 200,000 TPS and sub-400ms finality); an official update on October 15 said SIP-3, Eidos and Ares are progressing well, with the Autobahn mainnet as the next key milestone. On August 17, SEI rose about 30% in a day, Canary Capital and 21Shares have filed for SEI spot ETFs, and one SEI ETF is already listed on the DTCC.
On the regulatory front, CFTC-regulated Nadex self-certified a USD-settled SEI perpetual futures contract on October 8, with trading commencing October 16. On supply, about 30% of supply remains under a multi-year vesting schedule with monthly unlocks of roughly 112 to 132 million tokens, including an Ecosystem Reserve unlock on September 15; TVL has fallen from a peak of about $626 million in mid-2025 to roughly $41.6 million in April 2026.
On July 31, 2026 Sei disabled outbound IBC transfers under SIP-3 (proposal 121, after 116 and 120 closed inbound), CosmWasm stopped accepting new deployments, and the network converged on an EVM-only stack. A mandatory v6.6 upgrade executed at block height 224,201,091 on August 4, activating the first phase of the Ares execution path and the first step of the Eidos storage migration, moving EVM state into its own database and cutting a cleanup pass from 8-18 minutes to about five.
Giga whitepaper v2.0 appeared on June 29 with sub-250ms finality, Sedna private transaction dissemination and a post-quantum path; v6.7 executed at block 236,450,000 on October 8 (proposal 125), stripping legacy IBC and CosmWasm code and shipping the governance trigger for the memIAVL-to-FlatKV migration, which a separate proposal then starts. SEI traded near $0.070 around the upgrade with about $33.5 million in chain TVL; the Autobahn consensus testnet targets 200,000 TPS and 400ms finality.
Sei Network subtracted rather than added: SIP-3 removed hundreds of thousands of lines of code, stopped new CosmWasm deployments and closed outbound IBC on 31 July after inbound was closed under proposals 116 and 120, collapsing two virtual machines into EVM only, at the cost of Cosmos cross-chain distribution and a set of contracts that must be rewritten. The trade assumes Cosmos interoperability had near-zero option value while EVM liquidity matters more. Giga's 200,000 TPS and 400ms finality have to be read against rivals' schedules, since Monad shipped first at 10,000 TPS, MegaETH claims above 100,000 and Solana already runs 65,000 TPS at 400ms, so Sei's edge is upgrading in place without a chain migration plus the predictable ordering of bounded MEV. The test is whether the public testnet turns theoretical figures into reproducible benchmarks before incumbents price the performance story.
Jeff Feng, co-founder and CEO, holds a BSc in business administration from UC Berkeley, worked in TMT banking at Goldman Sachs and venture at Coatue, and co-founded Sei Labs in 2022 as CEO, also serving as secretary and CFO of Sei Labs Inc.
Jayendra Jog, co-founder and CTO, holds a BSc in computer science from UCLA (2018) and was a KPCB engineering fellow, built trading infrastructure at SAP, Facebook, Pinterest and Robinhood, and co-founded Sei in 2022, owning the design of its purpose-built trading chain.
Justin Barlow, executive director of the Sei Development Foundation, holds a BA in political science and economics from USC, was an investor at Solana Ventures and an early Solana Labs employee, and earlier founded a Bitcoin ATM firm and the crypto fund New Block Capital.
Phillip Kassab, head of growth and marketing, with a background at Michigan's Ross School, was marketing lead at Trader Joe and Swim and drives Sei ecosystem growth and community, with engineering and growth reporting lines.
Recent team changes at Sei Network:
Preston J. Byrne joined as General Counsel in August 2026.
Departures: Daniela Osorio (Team Member, June 2025–April 2026), Jack Lipstone (Head of DeFi Business Development, August 2025–June 2026), Jason Lim (SEI Development Foundation Game Director, July 2024–April 2026), Austin C. (DeFi Lead, June 2025–April 2026), and Phillip Kassab (Senior Growth Manager, July 2025–June 2026) have all left.