The Roundup: Week of January 26th, 2026

Real-time markets. RWAs you can use. Consumer-scale AI. This week marked a defining moment for onchain finance on Sei as Ondo Finance brought tokenized U.S. Treasuries to high-performance infrastructure. With Circle's crosschain forwarding now live, a key mainnet upgrade on the horizon, and daily active addresses reaching new highs, the infrastructure for modern markets continues to take shape.

Ondo Finance Launched USDY on Sei, Bringing Tokenized U.S. Treasuries to Real-Time Settlement

Ondo Finance has deployed USDY, its flagship tokenized U.S. Treasury token, on the Sei Network. As the largest tokenized Treasury product by TVL, USDY's arrival expands Sei's real-world asset capabilities with institutional-grade infrastructure designed for global users and builders. This integration enables Treasury-backed yield to operate within a high-throughput execution environment, positioning Sei as a destination for scalable onchain finance.

DeFi Protocols Across the Sei Ecosystem Integrated USDY on Day One

Ecosystem applications moved quickly to integrate USDY following its launch, enabling immediate utility across multiple DeFi verticals. Users can now swap USDY on Saphyre, access borrow and lend markets on Takara Lend and Yei Finance, and bridge the asset via LayerZero's omnichain infrastructure. These integrations ensure USDY functions as an active, composable asset—ready to be deployed across trading, lending, and cross-chain environments from launch.

Circle Crosschain Forwarding Went Live for CCTP on Sei

Circle has launched crosschain forwarding for CCTP on mainnet, with Sei among the supported networks. This fully managed service automates destination-chain execution for CCTP transactions, reducing end-to-end transfer speeds, lowering operational costs and third-party risk, and improving both developer and user experience. The forwarding service simplifies integration by removing the need to run multichain infrastructure, ensuring reliability while eliminating the need to handle destination chain gas fees.

The v6.3 Mainnet Upgrade Passed Governance and Will Go Live Next Week

The governance proposal for upgrading the Sei Network to v6.3 has passed, marking the first fork on the road to Sei Giga. This version includes functionality for an EVM-only staking precompile and resolves significant technical debt. The v6.3 release is part of Sei Network’s broader transition to becoming an EVM-only chain, with upcoming upgrades set to complete that transition by removing hundreds of thousands of lines of code.

Token Relations Reported a New All-Time High in Daily Active Addresses, Surpassing 1.2M

New data from Token Relations reports that Sei Network reached record engagement levels last week, with daily active addresses hitting 1.2 million and returning users reaching 2.2 million. The growth was driven by high-frequency applications and games such as Match Fighters and Kindred AI. Notably, returning users outnumbered daily active users, suggesting that activity was driven by sustained user adoption rather than short-term incentives or isolated events. This pattern indicates usage is clustering around applications with session-based behavior, consistent with gaming and social applications where users interact multiple times per visit.

Kindred AI Went Live on Binance Alpha

Kindred AI, home to over 30 iconic IPs brought to life as persistent AI companions, has launched on Binance Alpha. This milestone expands the accessibility of Sei-native AI applications to a broader audience, as users continue to engage with consumer-facing AI products built on high-performance infrastructure.

DragonSwap Rebranded to Saphyre as It Evolves Into Broader Onchain Trading Infrastructure

DragonSwap, a Sei-native DEX, has rebranded to Saphyre, reflecting its evolution from a single AMM into a comprehensive onchain trading infrastructure. Saphyre now operates as a single execution environment exposed through multiple access points, including Saphyre Mobile for daily trading activity. Each surface is designed for a different way of interacting with onchain markets while maintaining unified liquidity and logic underneath.

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.