Sei Performance Vs. Other Chains!

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Introduction

In this analysis, you will learn about the performance of the Sei chain compared to other popular chains such as Solana, Polygon, and others since its official launch. Sei chain is positioned as a versatile, open-source L1 blockchain that provides an optimal infrastructure for digital asset exchange. With a strong emphasis on reliability, security, and impressive throughput, this chain opens up a new frontier for ultra-high-performance DeFi products.

Since its mainnet launch on August 15th, Sei chain's performance has been evaluated. I have compared Sei's performance in various aspects including chain speed, success rate, user activity, transaction volume, fees, and other related parameters. Additionally, I have examined the transfer of stablecoins on Sei in comparison to other blockchain networks.

Overview

Fees Overview

Fees

One of the privileges of Sei chain is its low-cost fees. In this section, we will delve into the transaction fees on the Sei chain. Please note that this section only includes transactions with fees exceeding 0.

On average, users paid approximately 0.006 US Dollars or 0.039 Sei tokens for transaction fees.

The intriguing chart on the left side illustrates that when the number of transactions per block remained below 40-50, the average paid fees were less than 0.0003. However, as the number of transactions per block increased, the subsequent increase in average paid fees became apparent.

Speed and Success Rate

Tabs Overview

Overview: In this tab, you can access an overview of Sei chain and find key statistics related to its performance.

Performance: In this tab, I have conducted a comparison of Sei's performance with other popular chains, considering metrics such as transactions, chain speed, success rate, and more.

Fees: In this tab, I have analyzed and compared Sei's transaction fees with those of other popular chains.

Stablecoins: In this tab, I have scrutinized the usage of stablecoins on the Sei chain and compared it to other blockchain networks.

Users, Transactions and Blocks

Let's begin with fundamental data regarding the Sei chain. Since its Mainnet launch on August 15th, the average daily transaction volume has consistently been around 4 million. It's worth noting that this transaction count encompasses all activities carried out by both users and validators.

During this initial period, the total number of users experienced a rapid increase, reaching a peak of 160,000 in a single day, but subsequently, it decreased. In recent days, the average number of users has stabilized at a range of 6,000 to 8,000.

Regarding transaction processing, the average number of transactions per block has remained relatively steady at 17 transactions since the chain's inception. Additionally, the daily total of blocks produced on the Sei chain has consistently fallen within the range of 218,000 to 250,000.

In the charts below, you can observe the distribution of the number of blocks per transaction count and the number of users per transaction count. These charts illustrate that Sei chain maintains a controlled number of transactions per block to prevent flooding and ensure the chain's stability.

The majority of blocks contain fewer than 30-40 transactions, reflecting the effective management of demands on the Sei chain.

Another privilege that the Sei chain has prioritized is its chain speed. As evident from the data, over the past month, the Sei chain has achieved an impressive 99.3% success rate, with only 0.7% of transactions failing. Additionally, the chain has consistently handled an average of 2.7K transactions per minute and 45 transactions per second.