Read this article on bsc.news About 41% of the circulating supply of $SEI, the native token of @SeiNetwork, is now staked on the network and earning rewards, according to data from @Coinbase.
About 41% of the circulating supply of $SEI, the native token of @SeiNetwork, is now staked on the network and earning rewards, according to data from @Coinbase.
Coinbase's staking page puts the staking ratio, the share of eligible tokens currently staked, at 41.20%.That equates to 3.2 billion SEI staked, giving Sei a staking market cap of $147.3 million.The figure compares with a total asset market cap of $357.5 million.
Coinbase lists the current estimated reward rate for staking SEI at 4.04%.That compares with 4.07% 30 days earlier. Staking ratios vary by data provider and methodology. Staking Rewards, for example, has shown a ratio of 41.44% on its Sei page, while other aggregators have reported different levels at other times.
Staking ratios matter because tokens that are staked help secure a proof-of-stake network and are generally not available for immediate sale. On Sei, the active validator set consists of the 35 highest-ranked validators by staked tokens, and higher stake makes a validator more likely to be selected to propose a block.
Staking participation could be influenced by Sei's development agenda. The layer-1 blockchain published its first public Giga upgrade roadmap on May 28, targeting over 200,000 transactions per second and sub-400 millisecond finality.Sei Labs is rolling out Giga progressively throughout 2026, with no single definitive launch date.Sei is also moving to an EVM-only model, which means dropping its previous CosmWasm execution environment.
Validators and stakers have recently taken part in governance for the upgrade. Staked participation stood at 46.63% as of Nov. 3, when SIP-6 cleared quorum, exceeding the proposal's 33.4% participation requirement.Autobahn is the consensus component of Sei Giga.The vote clears a governance step, but audits, testing and a public testnet remain on the rollout path, and no activation date has been announced.
Whether the staking ratio rises will depend on factors including reward rates, token price and progress on the Giga roadmap. Staking figures change continuously, so the numbers above reflect a snapshot at the time of writing.
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