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About 41% of the circulating supply of <a href="https://x.com/search?q=%24SEI&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SEI</a>, the native token of <a href="https://x.com/SeiNetwork" rel="noopener noreferrer nofollow">@SeiNetwork</a>, is now staked on the network and earning rewards, according to data from <a href="https://x.com/Coinbase" rel="noopener noreferrer nofollow">@Coinbase</a>.
<cite>Coinbase's staking page puts the staking ratio, the share of eligible tokens currently staked, at 41.20%.</cite><cite>That equates to 3.2 billion SEI staked, giving Sei a staking market cap of $147.3 million.</cite><cite>The figure compares with a total asset market cap of $357.5 million.</cite>
<h2 id="what-the-staking-data-shows">What the Staking Data Shows</h2>
<cite>Coinbase lists the current estimated reward rate for staking SEI at 4.04%.</cite><cite>That compares with 4.07% 30 days earlier.</cite> Staking ratios vary by data provider and methodology. <cite>Staking Rewards, for example, has shown a ratio of 41.44%</cite> 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. <cite>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.</cite>
<h2 id="giga-upgrade-and-governance-activity">Giga Upgrade and Governance Activity</h2>
Staking participation could be influenced by Sei's development agenda. <cite>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.</cite><cite>Sei Labs is rolling out Giga progressively throughout 2026, with no single definitive launch date.</cite><cite>Sei is also moving to an EVM-only model, which means dropping its previous CosmWasm execution environment.</cite>
Validators and stakers have recently taken part in governance for the upgrade. <cite>Staked participation stood at 46.63% as of Nov. 3, when SIP-6 cleared quorum, exceeding the proposal's 33.4% participation requirement.</cite><cite>Autobahn is the consensus component of Sei Giga.</cite><cite>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.</cite>
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.
Sources:
<ul>
 <li><a href="https://www.coinbase.com/earn/staking/sei" rel="noopener noreferrer nofollow">Coinbase: Sei (SEI) staking statistics</a></li>
 <li><a href="https://cryptobriefing.com/sei-giga-upgrade-200000-tps-roadmap/" rel="noopener noreferrer nofollow">Crypto Briefing: SEI unveils Giga upgrade roadmap</a></li>
 <li><a href="https://tokenpost.com/news/technology/54541" rel="noopener noreferrer nofollow">TokenPost: Sei Network approves SIP-6</a></li>
</ul>
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Sei Network Sees 41% of SEI Supply Staked, About 3.2 Billion Tokens

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