Data from @Coinbase shows that about 41% of the circulating supply of $SEI, the native token of @SeiNetwork, is staked on the network and earning rewards.
Coinbase's staking page puts the staking ratio—the share of eligible tokens currently staked—at 41.20%. That amounts to 3.2 billion $SEI staked, giving Sei a staking market cap of $147.3 million. The total asset market cap is $357.5 million.What the Staking Data Shows
Coinbase estimates the current reward rate for staking $SEI at 4.04%. That compares with 4.07% 30 days earlier.Staking ratios differ across data providers and methodologies.
For instance, Staking Rewards has shown a ratio of 41.44%on its Sei page, while other aggregators have reported different levels at other times.
Staking ratios are significant because staked tokens help secure proof-of-stake networks and are generally unavailable for immediate sale.
Sei's active validator set comprises the 35 highest-ranked validators by staked tokens. A validator with more stake is more likely to be selected to propose a block.Giga Upgrade and Governance Activity
Sei's development agenda could affect staking participation.
The layer-1 blockchain published its first public Giga upgrade roadmap on May 28, targeting more than 200,000 transactions per second and sub-400 millisecond finality. Sei Labs is rolling out Giga in stages throughout 2026, without a single definitive launch date. Sei is also switching to an EVM-only model, dropping its previous CosmWasm execution environment.Validators and stakers have recently participated in governance for the upgrade.
As of Nov. 3, staked participation was 46.63%. SIP-6 cleared quorum, surpassing the proposal's 33.4% participation requirement. Autobahn is the consensus component of Sei Giga. The vote completes a governance step, but audits, testing and a public testnet are still part of the rollout path. No activation date has been announced.Whether the staking ratio increases will depend on factors such as reward rates, token price and progress on the Giga roadmap. Staking figures change continuously, so the numbers above are a snapshot from the time of writing.
Add A Comment
Comments are closed.