Sei Network (SEI) has captured significant attention in the crypto space recently, with its Total Value Locked (TVL) soaring to an all-time high of over $626 million.
This surge shows Sei’s capacity to compete with prominent blockchain networks such as Ethereum and Solana while solidifying its standing in decentralized finance (DeFi).
Sei Goes Vertical: TVL Skyrockets
According to insights from analyst Kyledoops on X, Sei Network’s TVL has reached a new ATH.
“With more capital flowing in and more on-chain activity picking up, the SEI ecosystem’s clearly pulling in fresh attention,” Kyledoops noted.
An analysis of Sei Network’s TVL chart on DeFiLlama reveals growth since early 2024, escalating from modest levels to nearly $700 million. Compared with other blockchains, SEI’s TVL growth rate is regarded as a “rare case.”
“…but at the same time its TVL grew from $60.8M to $623M in a year. In comparison with other chains, there TVL grew literally by 10-50%, rare cases where more,” shared X user Ronin.
This meteoric rise follows news that Sei Network has received approval from the Japan Financial Services Agency (JFSA), opening the door to the world’s most heavily regulated cryptocurrency market.
According to Artemis Analytics, this milestone has driven daily active addresses to a two-year peak. The synergy of regulatory approval and heightened on-chain activity has generated substantial momentum, attracting individual and institutional investors.
SEI’s price surged 100% in June, driven by a US government-backed stablecoin pilot, growing institutional interest, and an expanding ecosystem. Recently, Sei Labs proposed SIP-3 to transition the Sei network to an EVM-only model, removing CosmWasm and native Cosmos support.
However, the token has declined by over 78% from its peak in March 2024 and is currently trading at $0.2649. According to an analysis by ChiefraFba on X, the price level of $0.2540 serves as critical support on the 8-hour chart. Should this level fail to hold, SEI may face a correction toward $0.2000.
This situation poses challenges for investors, necessitating vigilant monitoring amid market fluctuations. Nevertheless, with its exceptional TVL growth and regulatory backing from Japan, numerous experts remain optimistic about SEI’s potential for recovery and sustained upward momentum in 2025.
The post Sei Network Sets New Record as TVL Soars Over $626 Million appeared first on BeInCrypto.
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Linh Bùi
https://beincrypto.com/sei-network-tvl-ath/
2025-07-08 08:18:13
