Messari: Sei's Q3 active users nearly doubled year-on-year, TVL declined but DEX and gaming trading hit record highs.

PANews reported on December 17th that, according to a Messari report, Sei Network's daily active addresses grew by 93.5% to 824,000 in Q3 2025, with daily transaction volume reaching 2 million, marking the fifth consecutive quarter of growth. Although TVL decreased by 25.3% quarter-over-quarter to $456 million and stablecoin market capitalization declined by 46.5% to $148 million, DEX trading volume increased by 75% to an average of $43 million per day, with game transactions reaching 116 million, becoming the main driver of growth. Splashing Stake launched spSEI and surpassed Silo to become the largest liquidity staking platform. Giga upgrades and development continue, and Sei is deploying high-performance DeFi and AI applications.