The Sei Network currently dominates the blockchain gaming space, with a 3x increase in active addresses, as the $SEI price rose 10% today.
The Sei Network is in the news again as the platform opens up several big opportunities this week, from the launch of Wyongming's WYST stablecoin, gaining traction in the agent AI economy, exploring the gamify industry, and more.
As a result, the price of local cryptocurrency SEI has increased by 10% in the last 24 hours, with daily trading volume increasing by 106% to $427 million, while its market cap has exceeded $1.2 billion. Let’s take a look at four reasons why the Sei blockchain network is trending.
1. Wyoming ITS WYST Selects Sei Network for Stablecoin
Wyoming has named Sei Network as one of two finalists for the rollout of its WYST stablecoin, which will launch in July using LayerZero's Omnichain Fungible Token (OFT) standard.
While other platforms such as Aptos, Ethereum and Solana were considered, Sei's involvement sparked renewed optimism within the community and its recognition of larger projects.
Sei's proven performance and compliance history were key factors in its selection for this pilot initiative. The LayerZero integration will enable WYST to operate seamlessly across multiple chains. Thus, it will also meet the growing demand for cross-chain stablecoin infrastructure.
2. Eyeing a Part of the $200 Billion Agentic AI Economy
The $SEI blockchain network aims to become the VISA of agent AI payment systems, meeting the demands of micropayments through its Sei Giga infrastructure that offers instant and seamless solutions.
The AI agent economy is poised to grow into a $200 billion market. However, a missing piece in the puzzle is the development of efficient payment rails for agent-to-agent transactions at machine speed.
Traditional payment systems, with their percentage-based fees, fail to support this vision. The Sei Network bridges this gap with extremely low transaction costs, measured in fractions of a percent, enabling AI-to-AI micropayments.
Sei’s architecture is also compatible with emerging protocols like Coinbase’s x402, which enables AI agents to seamlessly execute autonomous HTTP-based payments.
3. The Sei Network dominates the gaming scene.
Sei Network has surpassed opBNB to take the top spot in Web3 gaming, recording 7.38 million unique active wallets (UAW) in the past 30 days, representing a 33.5% market share. SKALE Network follows with 16.9%, while WAX and Immutable zkEVM are among the top performers.
Currently, only a handful of blockchains dominate the Web3 gaming landscape. Sei, opBNB, and SKALE collectively account for more than 80% of the UAW's total activity in the sector.
4. Sei active addresses are tripled.
According to data from blockchain analytics platform Nansen, the Sei network has experienced significant growth in recent months, cementing its position as a rising star in the blockchain ecosystem. Key metrics show:
Active addresses have tripled, highlighting increased user engagement.
Daily transactions have doubled, reaching an impressive 1.4 million per day.
The pace of growth shows no signs of slowing down, reflecting consistent and consistent network usage.
As the $SEI Network continues its upward climb, its performance underscores its growing role in the broader blockchain landscape.
Along with today's SEI price rally, SEI futures open interest has also increased by 24%, indicating that trader interest in the altcoin has increased significantly.