State of Sei Q4

Key Update: Sei advanced the path to Giga in Q4 with SIP-3 wallet upgrades, enabling Cosmos-only wallet users to migrate funds to EVM addresses as the network transitions to an EVM-only architecture ahead of the Giga mainnet launch.

QoQ Metrics:

-TVL (USD) ↓ 63.5% QoQ to $157.2M

-Avg daily active addresses ↑ 25.8% QoQ to 1M

-Avg daily transactions by active addresses ↑ 16.6% QoQ to 2.3M

-Avg daily DEX volume ↓ 33.9% QoQ to $28.8M

-Stablecoin market cap ↓ 33.4% QoQ to $98.6M

Check out the full report by @jonnytoshi

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