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SEI Down 78% From March Highs but TVL Blasts Past $626M — $0.3 Incoming

  • 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.

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