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Over the past month, the price of SEI has been on an uninterrupted climb while on-chain activity and capital inflows have turned heads across the market. The momentum is being fueled by rapid technical upgrades, aggressive ecosystem expansion, an accelerated U.S.-localization strategy, and a compliant, ETF-ready narrative. Yet the network’s growth remains heavily skewed toward gaming, and DeFi is dominated by a single protocol, leaving questions about long-term diversity and sustainability.
Price Nearly Doubles in 30 Days, but the Ecosystem Still Looks One-Dimensional
SEI’s price and ecosystem metrics have both exploded higher.
Price: CoinGecko shows SEI at $0.347 at press time, up 97 % in 30 days and marking a six-month high. Market cap briefly topped $2 billion.
Token unlock: 55.56 million SEI (≈ 1 % of circulating supply, worth ~$18 million) will unlock today at 20:00 UTC.
On-chain activity since Sei V2 (launched a year ago)
Daily transactions: +3,600 %
TVL: +790 % (DefiLlama)
Daily active addresses: 886 k, +74 % in 30 days (Nansen)
Daily transactions: 1.92 million, +202 % in three months
Where the activity is coming from
Gaming dApps Nika Labs, Dragon Slither, and World of Dypians account for 89 % of active addresses.
World of Dypians, Nika Labs, and EUFT (a soccer game) drive 85.9 % of transaction volume.
DappRadar ranks Sei as the #1 blockchain for Web3 gaming in the last 30 days.
Capital flows
Cross-chain bridge net inflow over 30 days: $59.84 million, third among all chains after Avalanche and Aptos (DefiLlama).
TVL: $650 million, +30.7 % in 30 days, but Yei Finance alone accounts for $366 million (>50 %). Only eight projects exceed $10 million TVL.
Revenue recovery
March revenue dipped to a low six-figure sum, but June revenue rebounded to $813 k—still below January’s peak of $1.27 million.
In short, Sei is expanding fast, but its growth is top-heavy and game-centric. Sustainable expansion will require broader application types and higher user retention.
Doubling Down on U.S. Localization—and Winning On-Chain Backing from WLFI
SEI is widely labeled an “America-coin.” Its founding team is U.S.-based, and seed investors include Multicoin Capital, Jump Crypto, Coinbase Ventures, and GSR Ventures. Recent reports single out Jump Crypto as a key driver behind SEI’s latest price spike.
U.S. strategy milestones
April: Sei Foundation launched the Sei Development Foundation, a U.S. non-profit to promote the protocol.
February–April: Trump-linked WLFI bought 5.983 million SEI (≈ $1 million) via USDC and deposited the tokens as collateral in Falcon Finance (custodied by Ceffu).
June: Sei Network was selected as a candidate blockchain for WYST, Wyoming’s U.S.-dollar-backed stablecoin.
Stablecoin push
Stablecoin TVL on Sei recently hit an ATH of ~$270 million.
Native USDC plus CCTP V2 will launch soon, bringing the world’s largest compliant stablecoin and frictionless cross-chain transfers to Sei.
Circle, an early investor, held 6.25 million SEI at the end of 2024—larger than its positions in APT or OP.
Technical Roadmap: From Parallel EVM to 100 k TPS
SIP-3 (May): Proposes simplifying the original architecture to a pure-EVM model to improve developer experience and fully leverage Sei’s parallel EVM performance. Goal: >100 k TPS.
Traditional Capital Markets Take Notice
Valour (Europe) has listed an SEI exchange-traded product.
Canary Capital has filed an S-1 with the SEC for the first U.S. SEI ETF.
If approved, the ETF would give traditional investors regulated exposure and deeper liquidity for SEI.
Over the past month, the price of SEI has been on an uninterrupted climb while on-chain activity and capital inflows have turned heads across the market. The momentum is being fueled by rapid technical upgrades, aggressive ecosystem expansion, an accelerated U.S.-localization strategy, and a compliant, ETF-ready narrative. Yet the network’s growth remains heavily skewed toward gaming, and DeFi is dominated by a single protocol, leaving questions about long-term diversity and sustainability.
Price Nearly Doubles in 30 Days, but the Ecosystem Still Looks One-Dimensional
SEI’s price and ecosystem metrics have both exploded higher.
Price: CoinGecko shows SEI at $0.347 at press time, up 97 % in 30 days and marking a six-month high. Market cap briefly topped $2 billion.
Token unlock: 55.56 million SEI (≈ 1 % of circulating supply, worth ~$18 million) will unlock today at 20:00 UTC.
On-chain activity since Sei V2 (launched a year ago)
Daily transactions: +3,600 %
TVL: +790 % (DefiLlama)
Daily active addresses: 886 k, +74 % in 30 days (Nansen)
Daily transactions: 1.92 million, +202 % in three months
Where the activity is coming from
Gaming dApps Nika Labs, Dragon Slither, and World of Dypians account for 89 % of active addresses.
World of Dypians, Nika Labs, and EUFT (a soccer game) drive 85.9 % of transaction volume.
DappRadar ranks Sei as the #1 blockchain for Web3 gaming in the last 30 days.
Capital flows
Cross-chain bridge net inflow over 30 days: $59.84 million, third among all chains after Avalanche and Aptos (DefiLlama).
TVL: $650 million, +30.7 % in 30 days, but Yei Finance alone accounts for $366 million (>50 %). Only eight projects exceed $10 million TVL.
Revenue recovery
March revenue dipped to a low six-figure sum, but June revenue rebounded to $813 k—still below January’s peak of $1.27 million.
In short, Sei is expanding fast, but its growth is top-heavy and game-centric. Sustainable expansion will require broader application types and higher user retention.
Doubling Down on U.S. Localization—and Winning On-Chain Backing from WLFI
SEI is widely labeled an “America-coin.” Its founding team is U.S.-based, and seed investors include Multicoin Capital, Jump Crypto, Coinbase Ventures, and GSR Ventures. Recent reports single out Jump Crypto as a key driver behind SEI’s latest price spike.
U.S. strategy milestones
April: Sei Foundation launched the Sei Development Foundation, a U.S. non-profit to promote the protocol.
February–April: Trump-linked WLFI bought 5.983 million SEI (≈ $1 million) via USDC and deposited the tokens as collateral in Falcon Finance (custodied by Ceffu).
June: Sei Network was selected as a candidate blockchain for WYST, Wyoming’s U.S.-dollar-backed stablecoin.
Stablecoin push
Stablecoin TVL on Sei recently hit an ATH of ~$270 million.
Native USDC plus CCTP V2 will launch soon, bringing the world’s largest compliant stablecoin and frictionless cross-chain transfers to Sei.
Circle, an early investor, held 6.25 million SEI at the end of 2024—larger than its positions in APT or OP.
Technical Roadmap: From Parallel EVM to 100 k TPS
SIP-3 (May): Proposes simplifying the original architecture to a pure-EVM model to improve developer experience and fully leverage Sei’s parallel EVM performance. Goal: >100 k TPS.
Traditional Capital Markets Take Notice
Valour (Europe) has listed an SEI exchange-traded product.
Canary Capital has filed an S-1 with the SEC for the first U.S. SEI ETF.
If approved, the ETF would give traditional investors regulated exposure and deeper liquidity for SEI.
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