The Sei (SEI) network is demonstrating remarkable resilience and growth despite a recent price pullback. Over the past 30 days, the SEI token experienced an 8.36% decline, yet it continues to capture market attention due to its historical pattern of swift rebounds and strong underlying fundamentals.
Key to this narrative is the network's explosive adoption. According to a recent Messari report, Sei recorded a 93.5% quarter-over-quarter increase in daily active addresses and an 87% rise in daily transactions. This marks the fifth consecutive quarter of steady growth since the network's launch. The user base has skyrocketed to over 86.11 million subscribers, with more than 100,000 new subscribers joining daily—a staggering increase from less than 7,000 addresses just 18 months ago.
This growth is occurring alongside significant technical development. This week, major South Korean exchanges Bithumb and Upbit paused deposits and withdrawals to support a mainnet upgrade, a standard procedure for major network improvements. Sei Labs also launched the Market Infrastructure Grid, a foundational layer designed to connect financial systems and data networks, signaling a long-term focus on building institutional-grade infrastructure.
Analysts highlight SEI's tendency to decouple from broader market trends. In August, while many comparable Layer 1 networks struggled, SEI climbed over 14%. This pattern of recovering ahead of peers suggests underlying structural demand and positions SEI favorably during periods of capital rotation, as investors reallocate towards assets showing early strength.
Looking ahead, the focus is on whether network adoption will translate into price revaluation. With SEI trading around $0.1095, the market appears to be pricing the token conservatively relative to its usage metrics. Analysts suggest that if the current adoption pace continues into 2026, a revaluation is likely. Conservative scenarios point to a potential price range of $0.18 – $0.25, while stronger adoption coupled with institutional use cases could push the token into the $0.30 – $0.45 range. The core narrative for Sei is shifting from short-term price action to long-term scale and the potential closure of the gap between its massive user growth and its market valuation.
