SEI Network has recorded a significant increase, adding approximately 400,000 new addresses in the past 24 hours, bringing the total active users close to 1 million.
SEI Network Address Growth
SEI Network has seen a surge of **400,000 new addresses** within 24 hours, bringing daily active addresses close to 1 million. This increase indicates strong user interest and may accompany enhanced liquidity.
Management Insights
Key figures, including CEO Jayendra Jog and CTO Jeff Feng, note **consistent growth in user engagement** and network activity. Jayendra Jog stated, “Network activity is hitting all-time highs as builders and users flock to SEI’s low-latency infrastructure.”
Perspectives and Impacts
The influx of new addresses is anticipated to **strengthen SEI's market position** and liquidity. Historical trends suggest that similar events often precede price rallies for Layer 1 chains. SEI currently ranks around 56th in market cap, valued at approximately $1.47 billion. Experts emphasize the **correlation between address growth and demand**, which could lead to further adoption.
The sustained growth of SEI Network’s addresses might facilitate further expansion and competition with platforms like Ethereum.
