Etherscan Launches Seiscan, Bringing Enhanced Blockchain Exploration to Sei Network

Etherscan, a leading Ethereum Virtual Machine (EVM) blockchain explorer, has announced its expansion to the Sei blockchain with the introduction of Seiscan, offering users a familiar and user-friendly way to track on-chain data. This new tool replicates the widely used Ethereum block explorer, adapting it to Sei's EVM-compatible network. As a search engine for blockchain data, Etherscan provides detailed insights into wallet addresses, transactions, token movements, and smart contracts, among other features. With over 1 billion API calls processed daily across Ethereum and other supported chains, Seiscan's arrival on Sei grants developers access to trusted APIs and analytics utilized by thousands of decentralized finance protocols. Sei's ecosystem is experiencing rapid growth, with its total value locked increasing from $5 million at the start of 2024 to $560 million currently, according to DeFiLlama. The network's trading volume reached $1.3 billion in August, slightly down from July's peak of $1.56 billion. This development follows the launch of a SEI staking exchange-traded product (ETP) by CoinShares, which offers staking yields across Europe. Meanwhile, Sei's SEI token has seen a 4.5% decline over the past 24 hours, while the broader cryptocurrency market has dropped 2.8%.