Sei Network Activity Surges as Transaction Fees Jump Nearly 2,000%

Finance

Sei Network Activity Surges as Transaction Fees Jump Nearly 2,000%

Sei has emerged as one of the fastest-growing blockchain ecosystems in recent months, recording a sharp rise in network activity and economic throughput.

According to data from Nansen, daily transactions on Sei have surged threefold over the past quarter, hitting a record 1.6 million on June 25.

Driving this momentum are several key projects that have recently launched or expanded on Sei, including World of Dypians, Nika Labs, EUFT, ERC-4337, and Dragon Slither. The increased engagement has also translated into rising transaction fees, with Sei v2 registering an 1,840% spike — now totaling $19,060. This positions Sei as the top network in terms of proportional growth.

Compared to other blockchains, Ethereum continues to dominate fee revenue, rising 49% to over $10 million. Arbitrum followed closely behind with a 48% increase, while Aptos and Unichain posted gains of 35% and 45%, respectively. In contrast, transaction volume and address activity fell on larger networks like BNB Chain and Base.

Solana retained the lead in active addresses, though its numbers slipped 19% to 23.5 million. Avalanche, on the other hand, recorded the strongest growth in this metric, up 89% over the same period.