The Roundup: Week of October 20th, 2025

Institutions and enterprises continue to converge on Sei. Laser Digital's tokenized fund went live on Sei. DEX volume surpassed $10B LTM. Sei Network surpassed Sui, Polygon, and Aptos in active addresses. Here's what happened this week.

Laser Digital's Tokenized LCF Fund is Live on Sei via KAIO

Sei’s institutional RWA ecosystem continues to grow. The tokenized LCF Fund from Laser Digital, the digital asset subsidiary of Japanese investment bank Nomura, launched on Sei via KAIO’s infrastructure.

This move places Laser Digital’s offering alongside a growing roster of institutional-grade RWAs on Sei, including tokenized funds from industry leaders like BlackRock, Brevan Howard, and Hamilton Lane.

Sei Network Crossed $10B in Cumulative DEX Volume 

The Sei Network has surpassed $10 billion in trailing twelve-month DEX volume. This milestone reflects sustained liquidity and high-frequency DeFi trading activity, underscoring the network's ability to support demanding financial applications that require fast settlement and low latency.

Sei Overtook Sui, Polygon, and Aptos in Active Addresses According to a16z's State of Crypto Report

Recent analysis from a16z and Token Terminal confirmed that Sei surpassed Sui, Polygon, and Aptos in active addresses for September 2025. This growth follows a strong Q3 for the network: three ETF filings, $10B+ in DEX volume, and tokenized funds going live on Sei, providing exposure to assets managed by BlackRock, Apollo, and other major institutions.

Sei Labs Engineers Identified 10-40x Performance Optimizations on Sei Giga Upgrade Roadmap

As part of Sei Giga development, Sei Labs engineers have identified optimizations that could deliver 10-40x network performance increases. These enhancements target specific bottlenecks in node operations, building on Sei's existing parallel execution architecture. 

By implementing RocksDB for indexing-heavy historical queries, Sei can maintain consistent query performance even as historical state accumulates—addressing a common challenge where query performance degrades over time. 

For archive and RPC node operators, this translates to more predictable operational costs and reliable service quality, addressing a common scaling bottleneck. The optimizations are currently being tested and could further differentiate Sei's infrastructure for latency-sensitive applications.

DragonSwap, Sei’s Native DeFi Protocol, Crossed $4B in All-Time Volume

The Sei-native DeFi protocol DragonSwap surpassed $4 billion in all-time trading volume. This milestone highlights the deep liquidity and sustained user activity within Sei's core DeFi ecosystem, demonstrating the network's capacity to support high-volume trading applications.

Sei Deposits Exceeded $10M on Feather, Powered by Morpho

The total Sei deposits on Feather, powered by Morpho, have surpassed $10 million. This growing pool of capital deepens the integration between Sei and leading DeFi lending protocols, providing greater capital efficiency and optimized interest rates for borrowers and lenders in the Sei ecosystem.

Citrex Markets Launched Vaults Product in Collaboration with Orderly Network 

Citrex Markets has deployed its new Vaults product, built in collaboration with Orderly Network. The launch expands the variety of onchain yield opportunities available to Sei users, offering new strategies for asset management within the ecosystem. The integration leverages Orderly Network's liquidity infrastructure to provide optimized trading and vault strategies for users.

Reservoir's wsrUSD/USDC Market Launched on Feather

Reservoir Protocol's wsrUSD/USDC market went live on Feather, powered by Morpho's lending infrastructure. This integration allows users to borrow USDC against their wsrUSD collateral, with assets accessible by bridging onto Sei via Stargate Finance. This adds another layer of utility and composability to Sei's expanding DeFi landscape, leveraging Sei’s 400ms transaction finality for efficient lending positions and a seamless user experience. 

Floq, a Regulated Indonesian Exchange, Made Sei Available to Southeast Asia's Largest Economy

Floq, a regulated digital asset exchange and subsidiary of Indonesia's GoTo Group, has listed SEI for trading. With a strong presence across Southeast Asia, one of the world's most active digital economies, Floq provides Sei with direct access to a rapidly growing crypto user base in a key emerging market. GoTo Group was previously valued at $18 billion before its 2022 IPO.

Markets Move Faster on Sei.

Disclaimer:

This post is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities, digital assets, or investment products. Any forward-looking statements, projections, or descriptions of anticipated activities are subject to risks and uncertainties and may not reflect actual future outcomes. Sei Development Foundation is not offering or promoting any investment in SEI tokens or digital assets, and any references to token-related activity are subject to applicable U.S. securities laws and regulations. All activities described herein are contingent upon ongoing legal review, regulatory compliance, and appropriate corporate governance. This post should not be relied upon as legal, tax, or investment advice.