• In this dashboard, my goal has been to compile a thorough analysis (as much as possible) of Sei network users.

• In the initial investigations and by viewing the latest transactions of the Sei network, I realized that a very large share of Sei network transactions are related to transactions that include Message = aggregate_exchange_rate_vote. By examining a number of transactions in this category, I found out that the signers of these transactions are actually Oracle addresses that record the USD price of important assets in real time (BTC, ETH, ATOM, OSMO, SEI, USDC and USDT). I think it is very interesting and in the future for other analyzes the use of these oracles will be very useful.

• In the first step, to show how a significant share of Sei network transactions are allocated to oracle and labeled addresses, in the "Overview" section, I reported the same parameters for both modes so that this difference is well visible.

• In the second step, it was focused on these addresses. First, three parameters about the life and activity of these addresses were reported:

  • Wallet Age: The number of days between a user's first transaction and the current date
  • Active Days: the number of days each user had at least one transaction
  • Activity Age: the number of days between the first and last transaction of a user

• In the third step, transactions, unique users, new users, successful and unsuccessful transactions, transaction success rate were checked.

• In the fourth step, the transaction fee status was checked and averages related to the user and transaction were obtained.

• In the fifth step, using the sei.core.dim_labels table, the contracts with which this group of addresses interacted and the type of these contracts were determined. Then it was reported how many users and transactions each contract had.

• In the sixth step, it was checked which three categories of users (newcomers and new bridgers) interacted with which contracts and which types of contracts they interacted with in their first 5 transactions. For this part of the analysis I want to give a big credit to hess who made the last part of this analysis possible for me with his stunning analysis.

What Is Sei Network?

Sei has emerged with a claim to fame as the fastest L1 blockchain on the market. It has a lower bound of 300ms and an upper bound of 20,000 OPS that are being processed. Sei's infrastructure has been optimized to provide traders with unparalleled speed and efficiency with a focus on exchanges and trading apps. The Sei Labs team are building out the initial, open source version of Sei blockchain. They strongly believe that exchanges are the most crucial app in the crypto industry, both on and off-chain. Most products in crypto are built around exchanges, and they are not only essential to DeFi, but also to gaming and NFTs. In fact, for NFTs, the primary utility currently is to go to an NFT marketplace and trade these tokens. Similarly, in gaming, in-game economies and ownership of rare or useful in-game items revolves around an exchange, such as in the case of Axie or StepN. Everything in crypto comes back to exchanges, and therefore Sei believes that DEXes have the clearest product market fit.

However, today, the Sei Labs team believes that DEXes cannot scale with the existing Layer 1 infrastructure as they lack the throughput and time to finality features required for both high frequency and high volume trading. Exchanges face the Exchange trilemma: between decentralization, scalability, and capital efficiency, they cannot achieve all three. Sei aims to solve this problem by optimizing every layer of the stack to offer infrastructure for exchanges. According to Sei, they have only one value proposition: any type of trading app, whether it’s a DeFi DEX, NFT marketplace, or gaming DEX, it will perform better on Sei than on any other Layer 1 network. With its cutting-edge solution, Sei aims to solve the scalability problem for DEXs and be the premier choice for exchanges seeking infrastructure tailored for their trading needs. [Source]

What Does Sei Aim to Solve?

Sei has an edge over its competitors largely due to the issues it aims to tackle. For one, it discovered the following:

• That general-purpose layer-1 blockchains were not suited for DEX platforms to thrive, hence why their growth has been stunted.
• It is impossible to build a fast-paced order book model engine on a general-purpose blockchain due to high network congestion from competing needs from dApps.
• Lastly, a large chunk of general-purpose blockchains has limited throughput, making it impossible for DEX platforms to compete with their centralized counterparts. [Source]