Solana saw a sharp decline in daily active addresses on Saturday, signalling a drop in user activity. On the same day, Sei, on the other hand, saw a notable surge in user activity, topping all blockchains in daily active users.
Sei passed all other blockchain networks in daily active addresses for the first time. This shift took place on August 2 after a sharp drop in Solana’s usage.
As per data from Artemis Terminal, in the last three months, Sei’s daily user activity rose from around 380,000 to over 750,000. The increase follows a wave of growth across sectors like stablecoins, asset tokenization (RWA), DeFi within the Sei ecosystem.
Stablecoin Use and New Projects Drive Growth
A major reason behind Sei’s rising numbers is the fast uptake of native USDC. According to a data report by EmberCN, an on-chain data analyst on X, over $108 million worth of USDC had been issued on the chain within 10 days of launch. This figure is higher than the amount on popular blockchains like zkSync, Algorand, and Polkadot.
Sei has also drawn in high-profile apps such as Ondo Finance and Backpack. Ondo brings tokenized bond products to crypto users, while Backpack is a growing trading and wallet platform. And these apps have helped make Sei more useful and attractive for real-world asset (RWA) activity and institutional tools.
Sei’s offer a fast speed and low fees which is another reason why developers are actively building on it. The blockchain network is seen as well-suited for payment and finance apps that need fast settlement and low-cost transfers.
Solana on the other hand still has many active projects. However, the recent fall in users shows it is facing some pressure. Sei’s fast growth has caught attention and closed the gap. It shows that newer blockchains can rise if they offer solutions users need. Sei’s strong activity puts it in a better position going forward, though it remains to be seen if this momentum can last.
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