The post Sei Network Explosive Growth in 2024: From Users to Transactions appeared on BitcoinEthereumNews.com.

By February 2024, Sei Network had increased to 950,300 users as a result of anticipation for Sei v2. The Sei v2 upgrade in May led to a spike in daily transactions, reaching 5 million as the network grew. Renowned validator Everstake has revealed Sei Network progress in its H1 2024 report. At the start of the year, Sei Network had a significant surge in new users. By early 2024, approximately 21,700 new members had joined the site, increasing the total active user count to 174,200. This increase continued, and on February 11, the user base surpassed a critical milestone of 950,300 people. The anticipation for the release of Sei v2 and the information about its upcoming testnet were major factors in this rise. 1/6 Unveiling Sei’s Progress: H1 2024 Report Welcome to a deep dive into Sei’s first half of 2024! Our report showcases the latest innovations, significant growth achievements, and technological breakthroughs that have marked this period.https://t.co/5c7b3l0k94 Let’s explore… pic.twitter.com/xnaM5D75be — Everstake (@everstake_pool) August 6, 2024 Sei Network Transaction Surge and Alpha Launch: A Milestone in 2024 Growth  The number of transactions on the network increased significantly over this time period. Another notable increase in activity occurred from late May to early June, as the Sei v2 upgrade began its launch phase. During this time, daily transactions increased dramatically, peaking at 5 million. Source: Artemis From the beginning of the year to mid-March, there was a rise in a variety of measures, including the number of delegators, indicating a consistent increase in Sei Network uptake and utilization. This period of growth reflected users’ rising confidence and interest in the Sei ecosystem. By the end of May, Sei Network had successfully entered Phase 2, known as the Alpha Launch, of the Sei v2 upgrade. This upgrade builds on the Sei…

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Filed under: News - @ August 12, 2024 2:20 am