SEI, a Cosmos-based blockchain witnessed nearly 175,000 weekly active users on its network in the past week. SEI recorded 21,700 new users in the week of the Chinese New Year. The community is anticipating the rollout of the Sei V2 testnet, expected in early 2024. SEI price declined nearly 2% on Monday after yielding double-digit weekly gains to holders. The Cosmos-based chain has attracted a large volume of users as the anticipation surrounding its V2 testnet increases. The project announced in an official blog post that the V2 testnet will be released in early 2024 and a mainnet release will follow in the first half of 2024.
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