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 Transaction count Methodology

## 1. Overview

Transaction count measures the total number of confirmed transactions added to Sei Network. This metric serves as a primary indicator of network utilization and the frequency of user engagement within the ecosystem. The metric currently captures activity specifically for Sei EVM.

## 2. Data sources

- **Blockchain events**: Transaction records from Sei EVM, covering Sei Network

## 3. Step-by-step calculation

### Component A: Sei EVM transaction extraction

- **Purpose**: Identify and isolate transaction records from the Sei EVM environment
- **Logic**: Raw transaction data is retrieved from Sei EVM logs. Specific attributes, including the unique transaction hash, the block timestamp, and the recipient address, are extracted and cast to standardized formats for processing.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component B: Daily unique aggregation

- **Purpose**: Calculate the volume of unique transactions performed on a daily basis
- **Logic**: Transactions are truncated to daily granularity based on the block timestamp. A count of distinct transaction hashes is performed for each day to ensure that every confirmed transaction is recorded exactly once. The data is grouped by the product identifier for Sei EVM.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: Validation and zero-filling

- **Purpose**: Ensure data consistency and provide a continuous time series
- **Logic**: The aggregated transaction counts are validated against authorized chain and product identifiers. A zero-filling strategy is applied to the time series to ensure that any days without recorded transactions are represented with a value of zero, preventing gaps in the historical record.

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

Confirmed transactions added to the blockchain.

Sei NetworkSEI

Transaction count

Transaction count

Competitive landscape

Chain breakdown