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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Blockchains (L1)

Sei Network

# Sei Network Token holders Methodology

## 1. Overview

The number of unique addresses holding a non-zero balance of the native SEI asset is measured by Token holders. This metric is utilized to track the growth, adoption, and decentralization of the Sei Network holder base over time. Data is captured specifically for the Sei EVM environment to provide an accurate representation of asset distribution.

## 2. Data sources

- **Blockchain events**: Aggregated native net flows by account, covering Sei EVM

## 3. Step-by-step calculation

### Component A: Native net flow aggregation

- **Purpose**: Capture the daily change in native asset balances for all active addresses
- **Logic**: Daily native net flows are extracted for every account address. These flows represent the net change in SEI balances resulting from all on-chain activity, including transfers and transaction fee payments.
- **Key fields**: `account_address`, `value`

### Component B: Running balance reconstruction

- **Purpose**: Determine the continuous balance of the native asset for every address
- **Logic**: Historical balances are combined with daily net flows to calculate a running total for each account. A cumulative sum is applied across chronological periods to establish the balance held by each address on any given day. Temporal gaps between transaction events are filled to ensure that balances are correctly carried forward for addresses during periods of inactivity.
- **Key fields**: `balance`

### Component C: Unique holder quantification

- **Purpose**: Filter for active participants and aggregate the total holder count
- **Logic**: The dataset is filtered to include only those addresses with a balance greater than zero. The total number of unique account addresses is then calculated for each daily period. These values are aggregated to provide a daily time series of the total holder base, with the chain identifier recasted to Sei Network for consistency across the platform.
- **Key fields**: `tokenholders`

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

Unique addresses holding a non-zero balance of the project's native token.

Sei NetworkSEI

Token holders

Token holders

Competitive landscape

Chain breakdown