It appears that US traders and DeFi aficionados are suddenly turning their gaze toward Sei Network (SEI) after its Total Value Locked (TVL) gracefully soared past the sum of $626 million. Oh, how it has risen, from a humble $60 million at the start of 2024, indicating a rather dramatic surge in new funds and eager users staking assets on the chain. Well, isn’t that a sight to behold?
Sei Network TVL Soars Like a Balloon
According to the fine folks at DeFiLlama (those experts who know all), the TVL of Sei surged from around $60 million in January 2024 to a veritable peak near $700 million. A mere six months! What a spectacular jump, almost 10 times its original value—truly the stuff of legend, where rival chains struggle to manage a modest 10-50% increase. Some might say this is quite the anomaly in our tight market these days. 🎈
$SEI just set a new all-time high for Total Value Locked, climbing past $625 million.
More capital flowing in, more on-chain activity picking up – the SEI ecosystem’s clearly pulling in fresh attention.
— Kyledoops (@kyledoops) July 7, 2025
On-Chain Activity is Picking Up Like Never Before
Oh, but the excitement does not end there, dear reader. Crypto observer Kyledoops shared that the daily transfers and smart-contract calls on Sei have climbed steadily. “More capital is flowing in and on-chain actions are rising,” they report—quite a boost to the ecosystem, I dare say.
Some market enthusiasts have even gone so far as to suggest that portions of the ecosystem have witnessed 10-50% jumps in TVL. Some protocols have seen even greater gains! This, of course, comes at a time when many DeFi projects are struggling to make a mark. Talk about making waves while others sink. 🏄♂️
Japan’s Approval: Investors Are All Ears
The truly fascinating twist in this grand tale occurred when Sei received a rather important approval from Japan’s Financial Services Agency (FSA). With such a nod, Sei has gained a regulated pathway into one of the most stringent crypto markets in the world. Oh, the joy of bureaucracy!
According to Artemis Analytics, Sei’s daily active addresses saw a sharp increase to a two-year high right after receiving the FSA’s green light. Institutions in Tokyo, too, are now paying closer attention, possibly considering their own trading and custody options. A very promising development indeed, wouldn’t you agree?
$SEI just received approval from Japan’s FSA
It is required in Japan to be listed on exchanges so quite important.
Once XRP received this, it had a HUGE rally @SeiNetwork
— Gordon (@AltcoinGordon) July 4, 2025
Now, I must inform you that SEI’s token price more than doubled in June after some exciting announcements. Of course, nothing lasts forever—its current price is still 78% below its March 2024 peak, languishing around $0.26. But there’s still hope, as some technical analysts have pointed out that the floor seems to rest at $0.25. Should this breach, though, we may find ourselves teetering at $0.20—imagine the poor souls who bought in at higher levels!
Projections for SEI suggest a 25% drop, potentially bringing it to $0.19 by August 8, 2025. Despite this, the market sentiment remains bullish, and the Fear & Greed Index rests comfortably at 66, hovering over “Greed.” A perfect cocktail of uncertainty and opportunity, I say! 🍸
Over the past 30 days, SEI has had 17 out of 30 green days, with an impressive 19% price swing. While short-term dips might feel like a punch to the stomach, savvy buyers may view such dips as the perfect chance to hop on board. Oh, how the market loves its drama! 🎭
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2025-07-09 23:23