Sei Network's (SEI) price has remained stable around $0.25 amidst record-high levels of Total Value Locked (TVL) and user growth.
The network's TVL has surged past $624 million, and the user base has exceeded 266,000, indicating sustained real activity growth.
Despite the stability in SEI price, the increasing TVL and user numbers suggest a disconnect between market performance and actual on-chain growth.
Analysts point out that as more capital and users flow into SEI's ecosystem, the attention may shift towards whether the token's price will reflect the network's expanding fundamentals.