What does SEI on-chain data reveal about active addresses, transaction volume, and whale movements in 2026?

Active Address Growth: SEI Network Reaches 1.4 Million Daily Active Users in 2026

SEI Network's on-chain metrics demonstrated remarkable momentum as daily active users surged to 1.4 million in late 2025, marking a substantial acceleration from the 800,000 addresses recorded just months earlier in mid-2025. This 75% growth in active addresses represents a significant milestone for the network's adoption trajectory and reflects genuine user engagement expanding across the platform.

What makes this achievement particularly noteworthy is the divergence between SEI's on-chain growth and its price performance. Despite experiencing a 90% decline from all-time highs, the network maintained consistent increases in daily active users, suggesting that real economic activity and ecosystem development continued independently of broader market sentiment. The substantial rise in daily active users indicates that users remained committed to utilizing the network for transactions and interactions.

This expansion of active addresses positions SEI competitively among EVM-compatible chains when measuring actual user participation. The network's ability to attract and retain users while facing significant price headwinds underscores the strength of its underlying fundamentals and user base. The continuing growth in daily active addresses demonstrates that SEI's value proposition resonates with participants seeking efficient transaction capabilities, establishing a foundation for sustained network activity and ecosystem development throughout 2026.

Transaction Volume Surge: Perpetual Trading Volume Exceeds $3.8 Billion with TVL Reaching $60 Billion

The dramatic expansion of SEI Network's perpetual trading infrastructure reveals the ecosystem's growing prominence in decentralized derivatives markets. With perpetual trading volume surging beyond $3.8 billion in 2026, the network has established itself as a serious contender among blockchain platforms specializing in on-chain trading. This transaction volume surge reflects genuine market demand rather than speculative activity, as evidenced by corresponding growth in total value locked across the protocol.

The TVL reaching $60 billion represents a watershed moment for liquidity depth on SEI Network. This substantial capital concentration demonstrates that institutional and retail participants trust the platform's infrastructure for significant financial exposure. The relationship between trading volume and TVL efficiency indicates healthy market dynamics—traders execute substantial positions while liquidity providers maintain confidence in protocol security. SEI Network's fourth-place global ranking in TVL efficiency further validates this ecosystem strength, positioning it competitively against established blockchain networks. These interconnected metrics—the perpetual trading volume expansion and rising TVL—create a reinforcing cycle where increased transaction volume attracts deeper liquidity pools, which in turn enables larger trades with minimal slippage.

Whale Movement Patterns: Understanding Large Holder Distribution and Market Concentration on SEI

Analyzing large holder distribution on SEI reveals critical insights into market dynamics and ecosystem maturity. The network's on-chain data shows over 33 million token holders, demonstrating significant diversification compared to earlier cryptocurrency projects. However, whale movements remain a key indicator of sentiment and potential price direction, as these major account holders control substantial portions of the circulating supply.

Understanding SEI whale movement patterns requires tracking wallet concentration metrics and transaction flows. When large holders maintain stable positions, it typically signals confidence in the project's fundamentals. Conversely, sudden liquidations or transfers to exchange wallets can precede price volatility. The distribution across whale wallets provides essential context for evaluating whether the network exhibits healthy decentralization or concerning market concentration.

On-chain analysis of SEI token holders reveals that market concentration has evolved over 2026, with institutional adoption and strategic investor participation shaping holder demographics. By monitoring whale wallet behaviors—including accumulation phases, distribution patterns, and movement velocity—analysts can identify emerging trends before they manifest in broader market activity. This large holder distribution data becomes particularly valuable when cross-referenced with transaction volume metrics and active address counts.

The interplay between whale movements and general market participation defines SEI's trading dynamics. When large holder distribution remains dispersed across thousands of mid-tier wallets rather than concentrated in few hands, it suggests a more resilient ecosystem less susceptible to manipulation. Tracking these patterns through specialized on-chain analytics platforms enables stakeholders to assess whether SEI's whale movements reflect genuine adoption growth or temporary speculative positioning.

Chain Fee Dynamics: Analyzing Transaction Cost Trends Amid Parallel Execution and Order Matching Optimization

Sei Network's fee structure reflects its fundamental architectural advantage in concurrent transaction processing. The implementation of parallel execution, built on optimistic concurrency control mechanisms, fundamentally reshapes how transaction costs are calculated and delivered to users. Rather than processing transactions sequentially like traditional blockchains, Sei's Parallelization Engine estimates which state resources each transaction will access, allowing multiple non-conflicting transactions to execute simultaneously across multi-core processors. This concurrent processing dramatically reduces per-transaction overhead.

The order matching optimization layer further amplifies these cost savings by prioritizing DeFi operations that dominate Sei's ecosystem. By designing the consensus mechanism around order-matching dynamics, Sei achieves latency levels previously reserved for traditional finance venues like Nasdaq. This specialized optimization means order execution happens faster, reducing computational complexity and associated gas fees. Recent data indicates gas prices averaging around $0.00001093, reflecting the network's efficiency gains from the 2024-2026 upgrades.

As transaction volume grows within Sei's network, this fee advantage becomes increasingly pronounced. The combination of parallel execution efficiency and order-matching optimization ensures that even during peak trading periods, transaction costs remain competitive. For users engaging in high-frequency trading or complex DeFi strategies, these fee dynamics translate directly into improved profitability and capital efficiency, making Sei's infrastructure particularly attractive compared to traditional Layer 1 alternatives.

FAQ

How much did SEI's active addresses grow in 2026 compared to 2025?

SEI's daily active addresses surged significantly in 2026, exceeding 1.4 million from end-2025. Growth accelerated beyond Q3 2025's 800k baseline, driven by protocol expansion and increased user adoption across the ecosystem.

What trend does SEI on-chain daily transaction volume show in 2026?

SEI's daily transaction volume is expected to surge significantly in 2026, reaching over 200,000 TPS with transaction confirmation times below 400 milliseconds through the Giga upgrade, substantially boosting on-chain activity and ecosystem throughput.

2026年SEI上的大户(持币超过100万枚)的地址数量和持仓变化如何?

As of January 2026, SEI whale addresses holding over 1 million tokens show increasing numbers with strengthened long positioning. On-chain data indicates growing accumulation patterns and improved market depth among major holders.

How does SEI rank among all Layer 1 public chains in on-chain activity in 2026?

SEI ranks in the top three Layer 1 blockchains by on-chain activity in 2026, with sustained user growth and increasing transaction volume, particularly strong in East Asian markets.

Are whale addresses on SEI accumulating or reducing their holdings in 2026?

In early 2026, whale addresses on SEI are accumulating. Large wallet purchases are rising and holdings are increasing, despite price weakness in the market.

What specific user growth and retention rate data does SEI on-chain show for 2026?

SEI on-chain data reveals significant user growth in 2026, with new user acquisition reaching record highs and retention rates demonstrating strong ecosystem engagement. Active addresses surged substantially, reflecting increased platform adoption and sustained user participation throughout the year.