Sei ranks #43 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #133: 90 of the 132 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 127 non-native assets CoinSpectrum lists above it by market cap, about 57% are claims on other assets, 36% are tokens, 6% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 69/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #43 |
| Rank counting claims | #133 |
| Market capitalisation | $291M |
| Price | $0.0431 |
| 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 10 November 2026 build. Open the live view for every exchange's price, and charts.
A — 69 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 65 to 71 (A to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 6.8 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7.5 | no fixed maximum; 6.73 billion in circulation |
| Distribution | 6.2 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | 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 (share sold) (Source) | 7.8 | Sold by its issuer or insiders: 21.7% of supply sold. 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 |
| Decentralisation | 5.1 | average of 4 parts |
| Governance (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) | 5 | Gated by stake rank: only a capped set of the largest stakes produces blocks |
| Nodes (Source) | 5.3 | 40 reachable nodes source |
| Security | 8 | 6.4 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 4.9%, largest three 14% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 8.2 | about 124,341 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 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; 121, 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 (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 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 abstract, §1, §2 and §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. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Any key can hold and send SEI; the Cosmos SDK bank and auth modules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | sei-tendermint gossips transactions directly. |
| Programmability | 8.9 | 8 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 DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Sei, DefiLlama). |
| 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. |
| Demand | 7.1 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 39 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 7 | $8,891,987 traded in 24 hours; #64 by volume on the exchanges the site reads (scored on the median day of the last 30, $30,223,958) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9 | 7.8% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 9.7 | $2,436,889 within 2% of the price on 9 exchanges, 0.84% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 6.2 | $291M, 6.2 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.5 | futures, options and margin positions 12% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 6.3 | average of 3 criteria |
| 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, fixes, vulnerabilities) | 6 | 1 positive, 0 negative, 3 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 4,804 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 | – | |
| Conduct (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 | ✓ | |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts 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 #133 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 90 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).