Validators process transactions and receive fees from users (supply-side fees).

Sei is a Layer 1 blockchain built for fast, low-cost financial transactions. It combines the security and reliability of Ethereum with the high performance of Solana. To date, Sei has processed billions of transactions across more than 90 million wallets. The project is backed by leading investors, including Multicoin Capital, Jump, Coinbase Ventures, and Circle Ventures. Token Terminal exclusively tracks Sei EVM data.

SEI holders own and govern the protocol. They currently do not take a cut of the transaction fees paid by users (revenue). Sei's investors include Multicoin Capital, Coinbase, etc.

github

twitter

discord

website

Blockchains (L1)

Sei Network

# Sei Network Average fees per user (AFPU) Methodology

## 1. Overview

Average fees per user (AFPU) measures the average amount of fees paid by an individual active user on Sei Network during a 24-hour window. It is calculated by dividing total daily fees by the count of active users (daily), reflecting the average cost an individual user pays for the network's services on a daily basis. This metric specifically focuses on activity within Sei EVM and serves as a key indicator for analyzing user economic behavior and network monetization efficiency.

## 2. Data sources

- **Fees**: Derived from the Fees metric
- **Active users (daily)**: Derived from the Active users (daily) metric

## 3. Step-by-step calculation

### Component A: Fee extraction and USD conversion (Sei EVM)

- **Purpose**: To calculate the total value of transaction fees generated on Sei EVM in USD.
- **Logic**: Gas fees are calculated for each transaction by multiplying the gas used by the effective gas price. These amounts are normalized by decimal precision and converted to USD using end-of-day price feeds for the native SEI asset. Daily totals are aggregated using UTC day boundaries.
- **Key fields**: `gas_used`, `gas_price`, and `block_timestamp`.

### Component B: Active user identification (Sei EVM)

- **Purpose**: To determine the daily count of unique participants on Sei EVM.
- **Logic**: Unique transaction senders are identified by extracting the `from_address` from transactions on Sei EVM. Each unique address is counted as one active user (daily) for the corresponding 24-hour period.
- **Key fields**: `from_address` and `block_timestamp`.

### Component C: Average fees per user calculation

- **Purpose**: To derive the final daily average fee paid per participant.
- **Logic**: The total daily fees in USD are divided by the count of active users (daily) for the same timestamp. In instances where no activity is recorded, the metric is filled with zeros to maintain data continuity. All values are presented at a daily granularity.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Sei NetworkSEI

Average fees per user (AFPU)

Average fees per user (AFPU)

Competitive landscape