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Cryptocurrency News Articles

Sei Network Ecosystem Showcases High Diversity and Activity During Q1 2025

May 10, 2025 at 07:00 am

During the first quarter of 2025, Sei's gaming ecosystem showcased high diversity and activity. The network's Diversity score for gaming stood at 8

Sei Network Ecosystem Showcases High Diversity and Activity During Q1 2025

Key Takeaways:

* Sei's gaming ecosystem showcased high diversity and activity during the first quarter of 2025. The network's Diversity score for gaming stood at 8, with each of these applications making up 90% of all gaming-related transactions, according to the Messari report.

* Specifically, “World of Dypians,” an Epic Games playable multiuser game, topped the category with a daily count of 61,220 transactions, an increase of 151.5% from the previous quarter.

* “Archer Hunter,” the roguelike game for mobile, also played an important part with transactions of 45,070, an increase of 37.4% over the earlier quarter. Europe Fantasy League and Astro Karts also enriched the gaming scenario of the platform.

* The network's DeFi sector exhibited robust growth in Q1 2025, with Total Value Locked (TVL) increasing by 73.7% to $363.1 million. This growth occurred despite a 56.5% decline in the SEI token price, which fell to $0.17.

* The DeFi Diversity score increased by 50%, from 4 to 6, indicating an improvement in the maturity of an expanding range of protocols.

* Yei Finance continued to dominate the lending and borrowing space, holding $192.1 million of TVL at the end of the quarter, which constituted 53.2% of Sei's total TVL. New entrants like Takara Lend and Avalon Finance also emerged, contributing to the sector's diversification.

* The network's devotion to community engagement manifested in several initiatives during Q1 of 2025. The Sei More Campaign encouraged content creation on social media, while the Builders Fund and the Creator Fund rewarded developers and creators with funding.

* These programs were responsible for an increase of 78.1% in daily active addresses, which reached 311,900, and an increase of 59% in daily transactions, reaching a total of 639,800. This emphasis of the network on community involvement and support of builders reflects its efforts towards driving adoption and innovation.

During the first quarter of 2025, Sei, the high-throughput Layer 1 blockchain, witnessed substantial activity in its gaming ecosystem. As reported by Messari, the network's Diversity score for gaming stood at 8, with each of these applications making up 90% of all gaming-related transactions.

The gaming sector showed a remarkable recovery from the previous quarter, boasting an increase of 140% in daily transactions. This recovery was driven by several factors, including the launch of new games and an overall improvement in user engagement.

Among the standout performers in the gaming category was “World of Dypians,” an Epic Games playable multiuser game. This game's transactions soared by 151.5% to 61,220, cementing its position at the forefront of the gaming ecosystem on the Sei Network.

Another notable game, “Archer Hunter,” a roguelike game for mobile, played a significant part in the quarter's activity with transactions of 45,070, an increase of 37.4% over the earlier quarter. Europe Fantasy League and Astro Karts also enriched the gaming scenario of the platform.

DeFi Sector Expands Amidst Token Price Decline

The network's decentralized finance (DeFi) sector also exhibited robust growth in Q1 2025. Total Value Locked (TVL) increased by 73.7% to reach $363.1 million.

However, this growth occurred despite a 56.5% decline in the SEI token price, which fell to $0.17. The DeFi Diversity score rose by 50%, advancing from 4 to 6, indicating an improvement in the maturity of an expanding range of protocols.

Yei Finance continued its dominance in the lending and borrowing space, holding $192.1 million of TVL at the end of the quarter, which constituted 53.2% of Sei's total TVL.

New entrants like Takara Lend and Avalon Finance emerged, contributing to the sector's diversification. Takara Lend specializes in lending and borrowing the SEI token, while Avalon Finance introduced an efficient market protocol.

Community Initiatives Drive Network Engagement

Sei's network engagement was furthered by several programs. The 'Sei More' Campaign encouraged community members to create content on social media to promote the network. Additionally, the Builders Fund and the Creator Fund provided funding to developers and creators to build dapps and content on the network.

These programs were responsible for an increase of 78.1% in daily active addresses, which

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