Sei (SEI)
EVM+Cosmos parallel execution chain with fast finality. Sei V2 parallel EVM showed promising benchmarks but network capture lags Solana and Base.
Ranked 144th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
SEI scores 100 of 250 across the 25-variable framework, which places it 144th of 251 rated tokens and inside the lower half of the set. The framework verdict is WATCH.
The score rests on Real Staking Yield 6/10, 17th of 251, TVL Trend 5/10, 30th of 251, Treasury Runway 6/10, 33rd of 251 and Active Users 5/10, 38th of 251.
Against the same universe, SEI sits in the bottom third on Supply Inflation 2/10, 228th of 251, Circulating / FDV Ratio 3/10, 225th of 251, Vesting Schedule 2/10, 223rd of 251 and Buyback and Burn 1/10, 205th of 251. These are the variables that would have to move for the verdict to change.
Only 67.3% of SEI's total supply is in circulation, so 1.49x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 32.7% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
SEI trades 96.3% below its all-time high of $1.14. Recovering that level is a 27x move, not a 96.3% one, which is the arithmetic most drawdown charts hide.
$128.0M sits in the protocol. Each dollar of value locked carries 2.19 dollars of token market cap.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 4 | 71st of 251 | |
| P/S Multiple | 3 | 182nd of 251 | |
| Real Staking Yield | 6 | 17th of 251 |
Supply
| Supply Inflation | 2 | 228th of 251 | |
| Vesting Schedule | 2 | 223rd of 251 | |
| Circulating / FDV Ratio | 3 | 225th of 251 | |
| Buyback and Burn | 1 | 205th of 251 |
Ownership
| Smart Money Flows | 5 | 48th of 251 | |
| Insider Selling | 3 | 201st of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 5 | 30th of 251 | |
| Active Users | 5 | 38th of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 5 | 52nd of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 5 | 41st of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 5 | 50th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 6 | 33rd of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Sei V2 parallel EVM adoption; partnerships with gaming and NFT platforms
Principal risk
Only 31% of tokens circulating with large team/VC releases through 2027; network tiny
Market and supply
| Price | $0.0417 |
| Market cap | $280.9Mrank 129 |
| All-time high | $1.1416 Mar 2024 |
| Circulating supply | 6,733,333,333 |
| Eventual supply (total supply) | 10,000,000,000 |
| Dilution to full supply | 1.49x |
| Total value locked | $128.0M |
| Listed on | Binance, OKX, Bybit, Coinbase |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to SEI measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [Sei Foundation] Sei V2 parallel EVM benchmarks showed 5,000+ TPS in testing
- [Messari] Sei circulating supply only 31% with large releases through 2027
- [DeFiLlama] Sei TVL approximately $128M as of May 2026
Common questions
- What is the Early Thunder score for Sei (SEI)?
- SEI scores 100 out of 250 on the 25-variable framework, ranking 144th of 251 rated tokens (lower half). The framework verdict is WATCH.
- What are SEI's strongest fundamentals?
- SEI ranks highest on Real Staking Yield 6/10, 17th of 251, TVL Trend 5/10, 30th of 251, Treasury Runway 6/10, 33rd of 251 and Active Users 5/10, 38th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the SEI thesis?
- SEI scores in the bottom third of the universe on Supply Inflation 2/10, 228th of 251, Circulating / FDV Ratio 3/10, 225th of 251, Vesting Schedule 2/10, 223rd of 251 and Buyback and Burn 1/10, 205th of 251. The single risk carried on the scorecard is: Only 31% of tokens circulating with large team/VC releases through 2027; network tiny
- How much SEI supply is still to enter circulation?
- 67.3% of eventual SEI supply is circulating today, leaving 1.49x the current float still to arrive. At a flat price per token that is 32.7% of fully diluted value ahead of current holders.
- How far is SEI from its all-time high?
- SEI trades 96.3% below its all-time high of $1.14. Returning to that high requires a 27x move from the level used in this scoring pass.
- Which tokens have a similar profile to SEI?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to SEI are APT (116), CORE (100), BERA (127) and POL (123). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for SEI?
- Sei V2 parallel EVM adoption; partnerships with gaming and NFT platforms
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.