[Messari: Sei Q3 Active Users Nearly Doubled Year-on-Year, TVL Declined but DEX and Gaming Transactions Hit Record Highs] According to a Messari report, Sei Network's average daily active addresses in Q3 2025 increased by 93.5% year-on-year to 824,000, with average daily transaction volume reaching 2 million, marking the fifth consecutive quarter of growth. Despite a 25.3% quarter-on-quarter decline in TVL to $456 million and a 46.5% drop in stablecoin market capitalization to $148 million, DEX transaction volume grew by 75% to an average of $43 million per day, while total gaming transactions reached 116 million, becoming the main driver of growth. Splashing Stake launched spSEI and surpassed Silo to become the largest liquid staking platform. Development of the Giga upgrade continues, as Sei focuses on high-performance DeFi and AI applications.