@SeiNetwork is positioning itself as a home for onchain financial markets. The Layer 1 network says that since its mainnet launch in August 2023 it has reached more than 101 million EVM addresses, over 5.2 billion transactions, more than 15,000 EVM tokens and above $16 billion in total DEX volume. These figures are project-reported and have not been independently confirmed here.

Trading-Focused Design and Institutional Partners

Sei's parallelized EVM architecture is built for fast trading, and it has drawn order-book DEXs and perpetuals platforms. Circle describes Sei as an ultra fast Layer-1 blockchain providing high performance rails for digital asset markets. The network is fully EVM compatible, which lets developers use existing Solidity tools.

Institutional integrations have followed. @Circle brought native $USDC and Cross-Chain Transfer Protocol (CCTP) V2 to Sei in July 2025. According to the Sei blog, Circle Mint supports native USDC on the network, giving businesses on and off-ramps between fiat and the stablecoin. Native USDC replaces the earlier Noble-issued version, and Circle and the Sei Development Foundation have prepared a migration plan to move liquidity across.

@Securitize has also joined. It launched its tokenized Apollo Diversified Credit Fund (ACRED) as its first offering on the network, according to Sei's weekly roundup. The same post says KAIO brought BlackRock and Brevan Howard tokenized funds to Sei.

Usage and Liquidity Remain Limited

On-chain data shows the network is still small relative to its ambitions. DefiLlama data as of late October 2026 lists about $28 million in DeFi total value locked (TVL), $37.84 million in stablecoins and roughly 2,056 active addresses over 24 hours. That puts daily activity in the low thousands, and TVL sits well behind @Solana and leading @Ethereum Layer 2 networks.

The figures mark a sharp fall from the network's 2025 peak. BeInCrypto reported that Sei's TVL reached an all-time high of $626 million in 2025, citing DefiLlama, after the network won approval from Japan's Financial Services Agency.

The gap between reported cumulative activity and current engagement is the central question for $SEI. Partnerships with Circle and Securitize give the network regulated stablecoin and tokenization infrastructure. Whether that translates into sustained trading volume and deposits will determine if Sei can reach its goal of becoming a leading venue for onchain markets.

Sources

Circle: USDC and CCTP V2 on Sei
DefiLlama: Sei chain metrics
Sei Blog: The Roundup, Week of October 6th, 2025