On-Chain Data Is Surprising: Transaction Volume on a Major Altcoin Has Tripled in the Last Three Months

According to data from blockchain analytics platform Nansen, the Sei network has seen a massive increase in transactions over the past three months, with the number of daily transactions tripling to 1.6 million on June 25, an all-time high.

Among the projects that have contributed the most to the growth of the Sei network in the last 30 days, World of Dypians, Nika Labs, EUFT, ERC-4337 and Dragon Slither stand out.

Sei has particularly attracted attention with the increase in transaction fees. According to Nansens on-chain data, Sei v2 has become the fastest growing network proportionally, with a 1,840% increase in transaction fees to $19,060. This increase shows that activity on the network is increasingly carrying more economic value.

Compared to other networks:

• Ethereum maintained its leadership with a 49% increase in transaction fees, reaching $10.19 million.
• Arbitrum came in second with a 48% increase.
• Aptos and Unichain attracted attention with transaction fee increases of 35% and 45%, respectively.
• Large networks such as BNB Chain and Base experienced a decrease in the number of transactions and addresses.

Although Solana led the way in active addresses with 23.5 million, this number decreased by 19% compared to the previous period. In contrast, Avalanche made the biggest leap with an 89% increase in active addresses.