Sei Network’s strong start to 2026 briefly wobbled as Avalanche momentarily nudged ahead in perpetual DEX activity — but the challenge was short-lived. According to YAP Network’s seven-day snapshot, Sei’s perp trading volume recently measured $28.81 million (up 0.54%), while Avalanche’s stood at $3.19 million (down 34.66%). Over the next 48 hours, Sei added roughly $23 million more in perp volume, reclaiming the top spot and underscoring its ability to attract intense short-term trading activity. (Source: YAP Network / X) User activity tells a different story than raw capital. Token Terminal reports Sei posted 7.6 million monthly active addresses versus Avalanche’s 1.6 million — a wide gap that points to stronger on-chain participation and growing adoption on Sei, likely driven by traders seeking faster execution and lower latency. But when it comes to market depth and committed capital, Avalanche remains dominant. Open interest — a key barometer of liquidity and trader conviction — sits at about $443 million on Avalanche compared with roughly $74 million on Sei. That disparity suggests Avalanche currently offers deeper liquidity and greater resilience for large derivatives positions. Price context: as of press time CoinGlass shows SEI trading around $0.11, while AVAX trades near $11.48 (within an $8.77–$12 intraday band), reflecting Avalanche’s relatively stronger market footing. Bottom line: Sei’s recent volume surge and high active-address count demonstrate growing appeal among traders, but converting that user momentum into lasting liquidity and larger open interest will be critical if Sei hopes to seriously challenge Avalanche’s depth and capital durability. The coming weeks will show whether usage on Sei translates into stronger derivatives positioning — or whether Avalanche’s liquidity advantage keeps it firmly in the lead. Disclaimer: This article is informational and not investment advice. Cryptocurrency trading carries high risk; do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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