SEI experienced a remarkable price surge, climbing more than 41% within 24 hours to reach approximately $0.268. This surge followed Wyoming state's selection of the Sei Network for its stablecoin pilot project, enhancing SEI's visibility and market traction. The blockchain's co-founders, Jeff Feng and Jayendra Jog, spearhead the project with a focus on efficient trading and low-latency transactions for DeFi applications.
In addition to the pilot selection, Sei Network's decentralized finance (DeFi) ecosystem showed substantial growth, with its total value locked (TVL) nearly doubling to $1.13 billion since early 2025. Major lending platforms such as Yei Finance and Takara Lend helped fuel this expansion, alongside a rapid rise in stablecoin supply on the network, predominantly USDC.
Technical indicators display bullish momentum for SEI, breaking through key resistance levels and trading above 50-day and 200-day moving averages. The launch of MyWebAcy, providing real-time risk scoring for wallet addresses, further strengthens network security and user confidence. Additionally, record high decentralized exchange (DEX) volumes on the Sei Network underline growing market activity.
Market analysts note that SEI's rally attracted liquidity from other altcoins, including SUI and Solana, while Bitcoin and Ethereum experienced moderate gains. Despite historical volatility in SEI's price movements, current developments and institutional-level features could support sustained upward trends. Overall, SEI is positioning itself strongly within the evolving DeFi landscape.