Sei (SEI)

UPDATE: Sei is Top #3 among EVM chains by monthly active wallets ahead of Polygon and Base.

Sei in March went gaga before Giga. https://t.co/ABNhHsjJ6K

A lot of projects have shut down..

While the market continues to pressure our backdoor, a situation has arisen among projects like “once-famous Yeşilçam actor now living on the streets.”

Let's look at projects that were once very popular but raised the bankruptcy flag in the first quarter of 2026:

@compass_wallet and @leap_wallet - 3 Nisan: We used to use it when transacting on networks that employed the Cosmos SDK infrastructure, such as Sei, Injective, Celestia. RIP.

@Dmailofficial - 3 Nisan: They aimed to become the mail infrastructure of Web3. I never even got a drop or anything. RIP.

@milky_way_zone - Mart 26: It was a DeFi platform on the BSC network. It has left us.

@tallyxyz - Mart 17: It was once one of the strongest DAO/Governance projects of its time. RIP.

@feyprotocol - Mart 14: It was a launchpad on the Base network. We also saw some nice launches from there. Its lifespan was short.

@AngleProtocol - Mart 4: It was a well‑known and respected project in the stablecoin space. What a shame. RIP.

@genso_meta - Şubat 26: It was a GameFi project loved by the Japanese. When Web3 gaming stalled, they left us.

@StepFinance_ - Şubat 23: It was one of the popular DeFi platforms on Solana. The Solana network has always been weak on the DeFi side. The liquidity brought by the meme boom was split among Raydium, Metaora and Jupiter. Its death was unsurprising.

@parsec_finance - Şubat 19: They did good work on the AI side of Web3. RIP.

@zerolendxyz - Şubat 16: It was one of the biggest lending platforms. Their collapse was disappointing. RIP.

@niftygateway - Ocak 28: It was once a huge platform focused on digital art in the NFT space. It could be one of the biggest names on this list. RIP.

@SlingshotCrypto - Ocak 27: Possibly the biggest on the list. It was a great aggregator of its time. It was beaten by trade bots. We say it’s dead. We will miss you.

@RuniverseGame - Ocak 27: It was a solid Web3 game. With GameFi stalling, they closed the shop.

@DappRadar - Ocak 1: It was a very popular Web3 site. I used it often when doing research. Its shutdown really saddened me. Let’s say it’s dead.

cc: @Manners_ST

Numbers don't lie.

@SeiNetwork clocked 9.1M monthly active addresses in March, sitting #3 among EVM chains, ahead of Polygon and Base. In a market obsessed with narratives, actual user activity is the only metric that matters.