The momentum on @SeiNetwork is driven by 02 key factors:
+ Total active users: approximately 700k wallets, with the chart showing a definite increase since the start of May
+ Total transaction count: consistently rising, with a 30-day moving average of around 1.65m transactions/day
If only one of these metrics were increasing, it might indicate a false trend.
However, for Sei, both metrics are rising, and data doesn't lie.
More users = more transactions, resulting in spiked revenue, which supports sustainable growth.
Sei is coming back to the golden time that I always dream of.
What a powerful week for @SeiNetwork.
It seems the Sei team has foreseen the approval of GENIUS Act, significantly impacting the $250b stablecoin market.
➜ Reflecting in the adoption of $USDY - a smart move that aligns perfectly with the Act's requirements:
+ Strong backing: Short-duration US Treasuries and USD, in agreement with the Act
+ Yield-bearing token with a current 4.29% APY
USDY is expected to boost DeFi metrics on Sei even further.
In addition to the $679.5m TVL, gaming on Sei is also reaching new heights:
+ 10.55m Unique Active Wallets (UAW) over 30 days
+ $19.01m in dApp volumes over 30 days - an increase of 2,462%
Top 5 games on Sei account for 65% of total UAW. Users on Sei can avoid fragmentation by focusing on these top games.
Expecting a strong boost when USDY goes live on Sei.
5.27K
58
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.