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

Jonnytoshi
@jonnytoshi
Sei's Q4 2025 was a tale of two narratives:
DeFi deleveraged, but network activity hit all-time highs for a 6th straight quarter.
Avg daily active addresses reached 1M (+492% YoY), while avg daily transactions by active addresses hit 2.3M. Meanwhile, key ecosystem milestones

Read the full report here:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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