SEI's TVL has surged from $60 million to over $626 million, indicating strong investor interest despite a 78% price drop since its peak in March 2024.
Regulatory approval from Japan's FSA and a rise in daily active users are boosting SEI's credibility in the global crypto market.
SEI Network's on-chain activity and capital inflow have been on the rise, with TVL hitting record highs, showcasing significant growth uncommon in today's crypto space.
Analysts are closely monitoring SEI's price levels, with discussions around proposals like SIP-3 for EVM compatibility that could attract more developers, despite the current price pressure.