Sei Network's SEI token surged over 26% on July 11, reaching a six-month high of $0.33, following the announcement of upcoming native USDC integration and Circle's Cross-Chain Transfer Protocol (CCTP) V2 deployment. The token settled at $0.32, marking a 113% increase from last month's lows, with market capitalization hitting $1.78 billion and daily trading volume spiking 200%.
The integration enables direct Circle-issued USDC on Sei, eliminating third-party bridges and allowing seamless transfers between Ethereum, Solana, and Avalanche. This development enhances Sei's DeFi capabilities by improving capital efficiency, deepening liquidity, and laying groundwork for institutional applications. Concurrently, SEI broke out of an inverse head-and-shoulders pattern, with analysts projecting a 55% surge to $0.499 based on the measured move from the $0.15 base.
Market indicators reinforce bullish momentum: MACD crossed above the signal line, RSI trends upward, and SEI futures open interest exploded 210% in three weeks to $318 million. Total Value Locked (TVL) hit record highs—$1.4 billion per crypto.news and $625 million elsewhere—while active addresses surged 31,000% year-over-year to 266,300. Institutional confidence is underscored by Circle holding 6.25 million SEI tokens, and regulatory tailwinds may strengthen if Wyoming selects Sei for its WYST stablecoin project on July 17.
Upcoming ecosystem upgrades include the Giga Upgrade (Q3 2025) targeting 250,000 TPS and full EVM compatibility, alongside AI integrations like Anthropic's Model Context Protocol for on-chain automation and MyWebAcy's real-time security tools.