Etherscan expands to Sei with launch of Seiscan block explorer

Etherscan, the leading block explorer for Ethereum and other Ethereum Virtual Machine (EVM)-compatible chains, has launched Seiscan, a dedicated version for the Sei Network.

The launch brings Sei developers and users access to Etherscan’s analytics and API services, which handle more than a billion daily calls across Ethereum and other EVM chains, Sei said Thursday. The launch follows Sei's July update that Etherscan was preparing a block explorer for its network to track transactions, addresses, and contract activity. Other Sei block explorers include Seistream and Seitrace.

"Working with Etherscan on the launch of Seiscan is pragmatic for developers and users, but it is also a bit of a symbolic milestone for the Sei community as a reaffirmation of our commitment to being an EVM compatible ecosystem by meeting EVM developers where they are with block explorers they’re familiar with," Jayendra Jog, co-founder of Sei Labs, told The Block.

Sei has been expanding its ecosystem in recent months. Last month, MetaMask added support for Sei, allowing users to access Sei-based applications, tokens, and NFTs, as well as swap, bridge, and purchase tokens using built-in fiat payment options.

The Sei Network, which launched its mainnet in 2023, has seen increased traction since recently rolling out its EVM-compatible chain, Sei V2. Sei says it now processes about 4.4 million transactions per day, with 13 million unique users in August and roughly $580 million in total value locked (TVL).

As for Sei's growth plans, Jog said the focus is on building rails for the tokenization of real-world assets, particularly as Wall Street begins to embrace blockchain technology and recognize Sei's value proposition as a high-performance EVM-compatible chain. "And then once Sei’s Giga update ships, it will further raise the benchmark for blockchain performance, and we expect that to bring even more inbound interest from large institutions," he said.

The SEI token is the 79th-largest cryptocurrency, trading at about $0.30 — down around 1% over the past 24 hours — with a market capitalization of $1.7 billion, according to The Block’s SEI price page.