New Users on SEI
-
User Growth Over Time: There has been a significant increase in the number of new users on the Sei network, with a notable spike around June 15, 2024. The growth curve indicates an accelerated adoption rate, which could be due to various factors such as network enhancements, marketing efforts, or broader market trends.
-
Transactions by New Users: A majority of transactions by new users were dominated by 'swap' contract types, which account for over 72% of the total. This suggests that swapping is the most prevalent activity among new users on the Sei network.
-
Distribution of New Users by Contract Type: The 'dapp' contract type is the second most common among new users, followed by 'cdp' and 'bridge'. This distribution provides insight into the types of decentralized applications and services that are attracting new users.
-
Total Transactions and Unique Contracts: There have been 4.7 million transactions by new accounts, and these users have interacted with 168 unique contracts. This level of activity and diversity in contract interactions indicates a healthy level of engagement and variety in usage.
-
Transactions of New Users by Protocol: The graph shows that 'swap' and 'dapp' remain consistently popular over time, while other protocols like 'airstop' and 'levana' also show a steady increase in transactions. This demonstrates a varied interest in different protocols on the network.
-
New Users vs SEI Price: The graph depicts a correlation between the influx of new users and the SEI token price. A peak in new users does not necessarily correspond with a high SEI price, indicating that new user adoption may be motivated by factors other than just token price speculation.
-
New Users Volume vs Total Volume: The comparison shows that the trading volume of new users has experienced peaks and troughs, indicating possibly episodic engagement or response to specific events or changes within the network.
-
These findings suggest that the Sei network is experiencing a healthy increase in new users, with a dominant interest in swap-related activities, and a growing engagement with various protocols. The relationship between new users and the SEI token price points to a user base that may be motivated by utility as well as speculation.7.