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.

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Sei Network

# Sei Network Revenue Methodology

## 1. Overview

Revenue measures the portion of transaction fees retained by Sei Network. For Sei EVM, the protocol captures 100% of the gas fees paid by users for transaction execution, meaning the protocol take rate is set to the full value of the fees generated. This metric provides insight into the gross income earned by the network from the sale of its blockspace before any operating expenses or token incentives are considered.

## 2. Data sources

- **Blockchain events**: Transactions from Sei EVM
- **External data**: End-of-day price feeds for the native SEI asset

## 3. Step-by-step calculation

### Component A: Sei EVM transaction fee calculation

- **Purpose**: Determine the total cost of transaction execution on the network.
- **Logic**: The `gas_used` and `gas_price` are extracted from transactions on Sei EVM. Total gas fees are calculated as the product of the gas consumed and the effective gas price for each transaction.
- **Key fields**: `gas_used`, `gas_price`

### Component B: Normalization and USD conversion

- **Purpose**: Standardize fee values into USD for cross-asset comparison.
- **Logic**: Native fee amounts are normalized by decimal precision. These normalized values are multiplied by end-of-day price feeds for the SEI asset to determine the USD value of the fees. Daily granularity is established using UTC day boundaries.
- **Key fields**: `timestamp`, `token_address`

### Component C: Revenue mapping and aggregation

- **Purpose**: Map the calculated fee data to the revenue metric.
- **Logic**: All calculated fees from Sei EVM are mapped directly to revenue. This reflects a protocol configuration where 100% of the fees paid by users are retained by the network. The resulting values are aggregated into daily totals.
- **Key fields**: `fees`, `revenue`

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

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Sei NetworkSEI

Revenue

Revenue

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