Sei (SEI) is ending 2025 with clear growth on the network, even though price action remains quiet.
This week, South Korean exchanges paused deposits and withdrawals to support a mainnet upgrade. Spot trading continued as usual.
Sei Labs also launched the Market Infrastructure Grid, pointing to a focus on building tools for institutional use over the long term.
While price reaction has been limited so far, adoption data continues to move in the opposite direction. At writing, the SEI price trades around $0.1095.
What you'll learn 👉
Sei Network Adoption Keeps Accelerating
Recent data shared by Messari shows how quickly the Sei network is growing. Daily active addresses jumped 93.5% quarter over quarter, while daily transactions rose 87% over the same period. This marks the fifth straight quarter of steady growth since Sei’s launch.
User numbers stand out even more. Sei now has over 86.11 million subscribers, of whom more than 100,000 new subscribers join daily.
Only 18 months ago, this network had less than 7,000 addresses on its rolls.That pace of expansion puts Sei among the fastest-growing networks by raw user metrics.
So far, this growth has come from both retail activity and early institutional testing, not just short-lived speculation.
Month after month, quarter after quarter, and the @SeiNetwork is still smashing records! 🚀@MessariCrypto have once again released a new report highlighting the insane, sustained and growing adoption of the Sei network.
— Sjuul | AltCryptoGems (@AltCryptoGems) December 23, 2025
Daily active addresses saw a massive increase of 93.5%,… pic.twitter.com/j11gpqsy91
What the Recent SEI Upgrade Signals
The pause in service for Bithumb and Upbit is in connection with a mainnet upgrade and not market-related. Such pause in service is rather normal in cases where major upgrades take place in the network.
Although liquidity may momentarily decline during these periods, an upgrade tends to reflect an improving trend. In Sei case, the focus remains on speed, throughput, and reliability, all key factors if adoption continues into 2026.
Moreover, the launch of the Market Infrastructure Grid adds another layer to the story. Sei Labs describes it as a foundation for connecting financial systems and data networks using Sei’s high-speed design.
This does not guarantee immediate demand for the SEI token. However, it shows where the network is heading. If institutions begin using Sei-based infrastructure, token utility and transaction demand could increase over time.
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What Adoption Could Mean for SEI Price
With SEI trading near $0.1095, the market is still pricing the token conservatively despite the growth numbers. If network adoption continues at anything close to its current pace into 2026, a revaluation becomes more likely.
Within the conservative scenario, with the rate of new user adoption still strong but the rest of the market conditions remaining cautious, the SEI price may move back towards the $0.18 – $0.25 range.
Instead, in an even stronger adoption-driven environment, where institutional usage cases emerge and the mood is more positive, the $0.30-$0.45 range would be in play. That would reflect adoption beginning to show up in valuation, not just usage metrics.
Moves beyond that would depend on whether Sei can convert its user growth into sustained onchain activity and real economic demand.
Right now, Sei story is not about short-term price moves. It is about scale. The network is adding users at a pace few projects can match, while quietly building infrastructure aimed at larger players.
If that adoption curve continues into 2026, the SEI price may start to look disconnected from what is happening on the network. Whether and when that gap closes is what the market will be watching next.
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