Sei

Sei is a Layer 1 blockchain designed to run smart contracts with high throughput and low transaction costs, targeting developers and applications that find general-purpose blockchains too slow or too congested. It positions itself as fully compatible with the Ethereum Virtual Machine while addressing the sequential transaction processing that limits most EVM chains. Its intended users are decentralized-application builders and the end users of those applications who need faster finality than existing networks provide.

Sei processes transactions in parallel rather than one at a time, a design choice it calls parallelized EVM execution, which allows independent transactions to be handled simultaneously rather than queued. The SEI token is the native asset of the network, used to pay transaction fees and to participate in network security through staking under the chain's proof-of-stake consensus model. The chain records a block time of effectively zero seconds in stored data, which likely reflects sub-second finality rather than a literal figure, consistent with the project's high-performance claims.

Fees on Sei are paid by users submitting transactions to the network. In the trailing 30-day period the network collected 625.14 USD in total fees, and over the trailing 12 months it collected 100,736.84 USD. The take rate for the trailing 30-day period is recorded at 100 percent, meaning the entire fee amount is classified as protocol revenue with nothing allocated to a supply side, so validators or stakers do not receive a separately tracked fee share in this dataset. Fee volume fell 55.56 percent over the most recent 30-day period, and annualizing the trailing 30-day figure produces approximately 7,605.87 USD, which gives context to the market-cap-to-fees ratio of 41,373.79.