Sei Network’s P2P stablecoin supply has surged 150% in six months, now closing in on $100 million. This leap in user-held balances signals a growing preference for direct, peer-to-peer transfers on the network. It seems the degen migration from traditional finance is picking up speed, trading wire transfers for instant settlement.
The driver? Blistering speed and negligible cost. Settlements take under a second, and fees are near zero, making Sei a compelling blockchain-based payment gateway for real-world use. While your bank takes a long weekend to process a transaction, Sei finishes the job before you can blink, and for less than the cost of a gumball.
Access to the world’s most popular stablecoins fuels the trend. Users can send and receive funds instantly, sidestepping the friction of traditional payment rails. The result is a network well-suited for cross-border transfers, small everyday transactions, and app-driven commerce. It turns out that waiting three business days for a payment feels a bit like using dial-up in the age of fiber optics.
Beyond pure tech, the expanding application ecosystem is amplifying the momentum. DeFi protocols, games, and consumer services on Sei increasingly rely on stablecoins for in-app purchases, gifting, and direct user settlements. When the apps move fast and break things, the payments need to keep up, otherwise the user experience goes straight into the trash.
Infrastructure upgrades are also reinforcing the shift. Sei’s support for cross-application integration simplifies moving funds between services, while earlier enhancements—like the integration of Allora’s predictive AI feeds and the launch of the Monaco Protocol—have strengthened the network’s data and execution capabilities. It’s like upgrading from a bicycle to a rocket ship, but without the terrifyingly high fuel costs.
Adoption metrics corroborate the growth. On January 14, active addresses on the SEI network hit a record high of over 1.5 million, with 19 applications surpassing 100,000 monthly active addresses. That’s a lot of digital footprints, proving that people are actually using the chain rather than just staring at charts.
As of press time, SEI is trading around $0.121, down 0.41% in the last 24 hours and 1.36% over the past week. Even with a slight dip, the fundamentals are humming along, suggesting that the network’s utility is doing the heavy lifting while the market takes a breather.
