Sei ranks #43 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #125: 82 of the 124 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 114 non-native assets CoinSpectrum lists above it by market cap, about 56% are claims on other assets, 38% are tokens and 6% are memecoins.
| CoinSpectrum Grade | C · 60/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #43 |
| Rank counting claims | #125 |
| Market capitalisation | $360M |
| Price | $0.0535 |
| 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 — 60 out of 100, provisional (from 16 of 17 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 57 to 64 (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 | 6.1 | group average, 5 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 4 | 4 of 10 passed source |
| Anyone can mint (permissionless) | ✗ | Tendermint (CometBFT) |
| Limited supply | ✗ | an issuer or vote can mint outside the schedule |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✓ | |
| No authority that 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. |
| No central team | ✗ | Sei Labs develops the only client, sei-chain (Apache-2.0), and drives protocol changes such as the move to an EVM-only chain. |
| Fees under one cent | ✓ | typical fee $0.00006 |
| Payments safe to accept within seconds | ✓ | Twin-turbo CometBFT consensus finalises blocks deterministically about every 0.4-0.5 s. |
| UTXO ledger | ✗ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | 7.5 | average of 4 measures source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00006 |
| Throughput (1,000 transactions a second or more 10) | 10 | 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 |
| Security (9 checks) | 5 | 5 of 9 passed source |
| Miners paid over $1 million a day | ✗ | not mined |
| Miners paid over $100,000 a day | ✗ | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 4.9% |
| Largest three under 75% | ✓ | 14% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | 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 on-chain use: 1,000+ transactions a day | ✓ | about 124,341 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Decentralisation: nodes (Source) | 5.3 | 40 reachable nodes source |
| Decentralisation: holder concentration (Source) | — | Not yet measured |
| Capabilities (protocol features) | 3.3 | 2 of 6 passed source |
| Decentralisation | ||
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | sei-tendermint gossips transactions directly. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | Tendermint/CometBFT-style light client verifies headers from validator signatures. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | ✓ | Cosmos SDK-derived state pruning and block retention. |
| Native payment channels or instant payments | ✗ | No payment channels. |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Issuance | 3.9 | group average |
| 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 |
| Supply & Demand | 6.1 | group average |
| Supply & Demand (Source) | 7.5 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 40 exchanges |
| Volume rank among the top 200 | 6.8 | $20,129,611 traded in 24 hours; #65 by volume on the exchanges the site reads (ranked 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 | $3,720,450 within 2% of the price on 9 exchanges, 1.0% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 6.4 | $360M, 6.4 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 3 | perpetual open interest 14% of its market cap |
| Supply (smaller is better) | 4.6 | no fixed maximum; 6.73 billion in circulation |
| Record | 7 | 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) | 8 | 2 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. |
| Token issuance at protocol level, validated by its own nodes, +2 | ✓ | ERC-20 contracts on its parallelised EVM, open to any account (plus Token Factory denoms). |
| 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 | – | |
Seventeen criteria, weighted equally. The Cryptocurrency Standards group four parts: properties (ten checks drawn from the Bitcoin whitepaper), scalability (four measures), security (nine checks) and decentralisation (three scales). 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 #125 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 82 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 →