If it were six months ago, when a researcher mentioned #Sei to me, I would likely have replied, "Oh, that's the public chain with a high TPS, right?" But after reading the #Messari Q3 2025 report these past few days, I can't sit still. With a quarterly spot trading volume of $4.6 billion, an average daily trading volume of $43 million, and a staggering 75% increase quarter-over-quarter, this is undoubtedly a dark horse!

Several core points are worth re-evaluating this project:

First, counter-cyclical growth; traffic represents everything. Many public chain data are generated by scripts, but Sei is completely different. With a quarterly spot trading volume of $4.6 billion, an average daily trading volume of $43 million, and active users reaching 824,000, this scale and 75% growth rate indicate that it genuinely has "popularity," rather than relying on "machines."

Second, it has found the golden intersection of "gaming + DeFi." This may be the healthiest on-chain ecological model currently. We observe that top games like World of Dypians can contribute over a million transactions in a single season. This is not just daily active users; it's high-frequency, high-stickiness real interaction. Interestingly, this traffic has not dissipated but has smoothly transitioned into DEXs like DragonSwap. Playing games with one hand and managing finances with the other, Sei has become the perfect connector between these two sectors.

Third, the technical barriers are beginning to pay off. Why hasn't this high-frequency interaction crashed the chain? Ultimately, it's because Sei's underlying Parallel EVM and SeiDB have held up. When complex smart contracts encounter millions of instantaneous transactions, Sei has proven itself to be not only "fast" but also "stable."

Looking to the future, the real Alpha of #Sei lies in its upcoming Giga upgrade and return to CLOB. If throughput can truly increase by 50 times and latency drops to the millisecond level, Sei will no longer be competing for TVL with other public chains; it will be competing with traditional financial infrastructure for market share. Just imagine, in the future, carbon credits, corporate bonds, and even government bonds on-chain—what do institutions need? Nasdaq-level speed and security. This is precisely the ecological niche Sei aims to occupy next, and #RWA is the area where #Sei will focus its efforts in 2026! 🧐

Overall, while the market is still entangled in price concerns, smart money has already seen Sei's evolution from a "high-performance public chain" to a "high-frequency economic underlying infrastructure." Sei in 2026 deserves higher expectations. 🧐

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