Sei ranks #43 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #126: 83 of the 125 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 115 non-native assets CoinSpectrum lists above it by market cap, about 57% are claims on other assets, 37% are tokens and 6% are memecoins.
| CoinSpectrum Grade | C · 62/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #43 |
| Rank counting claims | #126 |
| Market capitalisation | $354M |
| Price | $0.0526 |
| Circulating supply | 6,733,333,333 SEI |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Tendermint (CometBFT) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 62 out of 100, provisional (from 19 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 59 to 65 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 5.2 | group average, 11 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.2 | 4.3 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 3.4 | no fixed maximum; 6.73 billion in circulation: supply scale 6.7, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✗ | 3 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | ✓ | typical fee $0.00006; about 1,280 transactions a second, 8.9 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 6 decimal places, the smallest unit worth $5.3e-8 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✓ | node software open source; light clients verify from headers or proofs |
| Scalability (fees, throughput, block time, block space, features) | 7.8 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00006 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 8.9 | about 1,280 simple transactions a second |
| Block time (10 minutes 10, less either side) | 0 | a block every 0.46 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 0.313 MB limit (converted from its gas, compute, mass or count limit), 408 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✓ | Twin-turbo CometBFT consensus finalises blocks deterministically about every 0.4-0.5 s. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cosmos SDK-derived state pruning and block retention. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Tendermint/CometBFT-style light client verifies headers from validator signatures. |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0 | not mined |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | not mined |
| Largest pool (Pool or validator under 50%) | ✓ | 4.9% |
| Largest three (Under 75% together) | ✓ | 14% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | Sei Labs develops the only client, sei-chain (Apache-2.0), and drives protocol changes such as the move to an EVM-only chain. |
| Real use (1,000+ transactions a day) | ✓ | about 124,341 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 5.1 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level freeze or blacklist key; a 2/3 validator majority could halt the chain, but no such power is designed in or has been used. source |
| No central team (Source) | 0 | A central team directs it: Sei Labs develops the only client, sei-chain (Apache-2.0), and drives protocol changes such as the move to an EVM-only chain. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 5.3 | 40 reachable nodes source |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 0.8 | 92% of today's supply allocated at launch to founders, a company, a foundation or investors. Genesis allocation of ~8.5B SEI (10B total minus the 1.5B staking-reward schedule in the on-chain mint params: ecosystem reserve, private sale 20%, team 20%, foundation 9%, airdrop/launchpool 3%) against current on-chain supply of 9,236,729,737 SEI (2026-10-23); the 8.5B genesis figure is derived from supply minus scheduled releases to date. source |
| Fundraising | 0.8 | Sold by its issuer or insiders: 92% of supply was theirs to sell, 21.7% sold so far. Private-sale investors (seed, Series A and the $30M strategic round) hold 20% of the 10B SEI cap = 2.0B SEI; the 3% airdrop/launchpool was not a sale. 2.0B / 9,236,729,737 SEI on-chain supply (2026-10-23) = 21.7%. 20% of supply to private-sale investors; rounds include a $30M strategic round (Jump Crypto, Multicoin Capital, Flow Traders) at an $800M valuation; earlier seed/Series A rounds not re-verified here. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Sei's mint module releases a fixed yearly staking tranche (token_release_schedule: 180M SEI Aug 2025-Aug 2026, 165M in 2026-27) to stakers through the fee collector, and community_tax is 0, so nothing goes to a treasury or foundation. source |
| Privacy | 2 | section average |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Any key can hold and send SEI; the Cosmos SDK bank and auth modules carry no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | sei-tendermint gossips transactions directly. |
| Hidden amounts (Amounts confidential) | ✗ | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | ✗ | No sender or receiver hiding. |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance (At protocol level) | 2 | ERC-20 contracts on its parallelised EVM, open to any account (plus Token Factory denoms). |
| Smart contracts (General-purpose) | 2 | A parallelised EVM open to any account; under SIP-3 new CosmWasm uploads and instantiations are disabled. |
| Multisig and time locks (Without a third party) | ✓ | Multisig and timelock contracts on the EVM. |
| Atomic swaps (With other chains) | ✓ | EVM HTLC contracts (hash lock plus timelock refund). |
| Native exchange (Built into the protocol) | ✗ | No exchange module in the current node; DEXs are EVM contracts. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | IBC disabled in both directions under SIP-3 (outbound switched off on 31 July 2026). |
| NFTs (Carried by the chain's rules) | ✓ | ERC-721 contracts on the EVM. |
| Supply & Demand | 7.4 | group average |
| Supply & Demand (Source) | 8.1 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 39 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 7.2 | $17,918,465 traded in 24 hours; #63 by volume on the exchanges the site reads (scored on the median day of the last 30, $37,688,388) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8.8 | 8.3% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 10 | $3,731,255 within 2% of the price on 9 exchanges, 1.1% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 6.4 | $354M, 6.4 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.3 | futures, options and margin positions 14% of its market cap |
| Supply (smaller is better) | 6.7 | no fixed maximum; 6.73 billion in circulation |
| Record | 6.3 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 3 | 3 full years since 2023-08-15, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 6 | 1 positive, 0 negative, 3 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 4,234 commits in 12 of the last 12 months (github.com/sei-protocol/sei-chain); sei-chain v6.7.2, 16 Oct 2026; 43 stable releases in the last 24 months. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
6,733,333,333 SEI are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 92% of today's supply |
|---|---|
| Sold by the issuer or insiders | 21.7% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 40 |
| Fundraising | Private or venture funding |
Genesis allocation of ~8.5B SEI (10B total minus the 1.5B staking-reward schedule in the on-chain mint params: ecosystem reserve, private sale 20%, team 20%, foundation 9%, airdrop/launchpool 3%) against current on-chain supply of 9,236,729,737 SEI (2026-10-23); the 8.5B genesis figure is derived from supply minus scheduled releases to date.
20% of supply to private-sale investors; rounds include a $30M strategic round (Jump Crypto, Multicoin Capital, Flow Traders) at an $800M valuation; earlier seed/Series A rounds not re-verified here.
Private-sale investors (seed, Series A and the $30M strategic round) hold 20% of the 10B SEI cap = 2.0B SEI; the 3% airdrop/launchpool was not a sale. 2.0B / 9,236,729,737 SEI on-chain supply (2026-10-23) = 21.7%.
Sei's mint module releases a fixed yearly staking tranche (token_release_schedule: 180M SEI Aug 2025-Aug 2026, 165M in 2026-27) to stakers through the fee collector, and community_tax is 0, so nothing goes to a treasury or foundation.
Sources: mexc.com · tokenomist.ai · coingecko.com · rest.cosmos.directory · rest.cosmos.directory · decrypt.co. Researched 2026-10-24, medium confidence.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Sei is #43 among cryptocurrencies and #126 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 83 places between Sei's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 2 wrapped and staked claims on Sei →