Economic expansion in Sei, fueled by the booming gaming industry, as suggested by Messari's analysis.
The Messari report for Q1 2025 highlights the robust and growing ecosystem of the Sei network, with positive prospects for the future. One of the key drivers of this growth has been the gaming sector, which accounted for the majority of transactions on the network.
World of Dypians, a massively multiplayer online role-playing game, led the gaming transactions with an average of 61,220 daily transactions. This was closely followed by Archer Hunter, a mobile game, which recorded 45,070 daily transactions, marking a 37.4% growth from the previous quarter.
The upgrade to Sei V2, implemented in May 2024, introduced compatibility with Ethereum smart contracts (EVM), optimistic parallelization, and a new storage interface called SeiDB. These improvements have undoubtedly contributed to the network's scalability and interoperability, making it more attractive for gaming dApps.
The gaming diversity index on the Sei network is 8, indicating that eight different applications represented 90% of the quarterly gaming-related transactions. This diversity suggests a thriving and vibrant gaming ecosystem on the network.
The Messari report also emphasises the expansion and diversification of DeFi applications on the Sei network. Avalon Finance, focused on Bitcoin-collateralized loans and structured products, reached $29.3 million in TVL. Yei Finance ended the quarter with a TVL of $192 million, representing 53.2% of the network's total. The number of protocols representing the top 90% of Sei's TVL increased from four to six during the quarter.
The average daily number of active addresses on the Sei network increased by 78.1% in the first quarter, reaching 311,900. The average daily gaming-related transactions also increased by 79.8% in the first quarter, reaching 354,000.
Sei's strategy of fostering innovation and diversity in gaming applications has proven successful, generating a dynamic and constantly expanding environment. The network achieved a processing capacity of 5.4 gigabytes per second, equivalent to approximately 115,000 transactions per second (TPS), with a finalization time of just 700 milliseconds.
The explosive growth in the gaming sector has had a multiplier effect on the network's overall activity, increasing both user participation and Sei's visibility in the blockchain ecosystem. Sei has also announced the development of Giga, a future upgrade that promises to multiply current performance by fifty.
While the Messari report does not explicitly provide details about the key factors driving the growth of the gaming sector on the Sei network, typical industry trends suggest that improvements in interoperability and scalability, increased DeFi and NFT integrations, developer ecosystem growth, NFT marketplaces and metaverse implementations, and partnerships with existing crypto platforms or exchanges are likely contributors.
For detailed insights specifically from the Messari report on the Sei network gaming sector in Q1 2025, it is recommended to access the official Messari report directly or a trusted crypto research platform for the most accurate and detailed data.
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