Gaming and DeFi Push Sei to New Usage Highs in Q3 2025

• Sei posted its fifth straight growth quarter, with daily active addresses up 93.5% QoQ.
• Gaming drove usage, generating 116 million transactions and over 800K daily active users.
• DEX trading volume rose 75% QoQ to $43M despite a 25% drop in total value locked.

Sei recorded its 5th consecutive quarter of network growth in Q3 2025. Average daily active addresses rose 93.5% quarter over quarter to 824,000, while daily transactions climbed 87.1% to roughly 2 million, according to Messari data.

Gaming Is the Primary Demand Driver

Gaming accounted for the majority of new activity. Sei processed 116 million gaming-related transactions in Q3, up 138% from the prior quarter. Average daily active addresses tied to games reached 805,000, a 108% increase quarter over quarter.

Titles such as World of Dypians, Sugar Senpai, and IDLE Glory generated consistent, high-frequency transaction flow.

Messari’s report pointed out Sei’s low-latency design and ability to handle burst demand at scale, with network capacity exceeding 200,000 transactions per second at low cost.

Additionally, total value locked fell 25.3% quarter over quarter to $455.6 million, mainly due to stablecoin outflows and SEI price drops.

However, average daily spot trading volume jumped 75% to $43 million, one of the strongest quarters for DEX activity on Sei.

DragonSwap regained its position as the leading DEX with $13.2 million in daily volume. Also, Takara Lend stood out, growing TVL by 48.4% to $105.8 million.

Token Supply Pressure Eases

Good news came for SEI token holders as well as token-side dynamics improved during the quarter. The monthly vesting rate dropped sharply in August as the Sei Foundation’s allocation fully vested and ecosystem reserve emissions slowed. 

Annualized inflation fell from 4.8% to 4.4%, while staking yields rose to 6.0%, resulting in a positive real yield for stakers for the second straight quarter.

Although the circulating supply increased to 6.13 billion SEI due to scheduled unlocks, analyst Michael van de Poppe said that once Bitcoin (BTC) crosses $90,000, SEI’s bullish rally can continue.

Interestingly, Q3 also saw many partnerships, including wallet support from MetaMask and Backpack, analytics via SeiScan, and low-latency data feeds from Chainlink. Several institutions have announced plans to deploy products on Sei, said the report.

Related: Sei Partners With Xiaomi to Turn Millions of Their Phones Into Crypto Hubs