Messari: Sei's active users in Q3 nearly doubled year-over-year, TVL declined but DEX and gaming transactions hit new highs

PANews December 17 News, according to Messari report, Sei Network’s average active addresses in Q3 2025 increased by 93.5% to 824,000, with a daily trading volume of 2 million transactions, marking the fifth consecutive quarter of growth. Despite TVL decreasing by 25.3% to $456 million and stablecoin market cap dropping by 46.5% to $148 million, DEX trading volume grew by 75% to an average of $43 million per day. The total gaming transaction volume reached 116 million transactions, becoming a major growth driver. Splashing Stake launched spSEI and surpassed Silo, becoming the largest liquidity staking platform. Giga continues development upgrades, with Sei focusing on high-performance DeFi and AI applications.