Sei ecosystem continues to rise, driven by multiple factors

Recently, the Sei ecosystem has shown a significant rise, with impressive performance in various indicators such as coin price, user activity, and capital inflow. Behind this momentum are Sei's multiple efforts in technology upgrades, ecosystem construction, and market strategies.

Data shows that the price of SEI has reached $0.347, with a rise of up to 97% in the last 30 days, setting a new high in nearly six months, and the total market value once exceeded $2 billion. It is worth noting that approximately 55.56 million tokens of SEI will be unlocked today, accounting for 1% of the current circulation, valued at about $18 million.

Multiple key indicators of the Sei ecosystem have also shown explosive rise. Official data shows that since the launch of the V2 version a year ago, the daily on-chain transaction volume has risen by 3600%, and the TVL has increased by 790%. According to data platform statistics, as of July 15, the number of daily active addresses for Sei V2 has surpassed 886,000, a 74.1% rise in the last 30 days; the daily transaction count has reached 1.919 million, a 202.05% rise in the last three months.

However, the growth of the Sei ecosystem mainly relies on top gaming projects such as Nika Labs, Dragon Slither, and World of Dypians, which contribute over 89% of the active address count and 85.9% of the transaction volume. This structural singularity may pose potential risks.

In terms of capital flow, Sei shows strong attractiveness. In the past 30 days, its cross-chain bridge net inflow reached $59.84 million, ranking third among all public chains. The total value locked (TVL) reached $650 million, rising by 30.72% in 30 days. However, the TVL distribution is also highly concentrated, with Yei Finance alone accounting for more than half of the share.

Sei is accelerating its localization strategy in the United States. In April of this year, the Sei Foundation announced the establishment of a nonprofit organization in the U.S. to promote the development of the Sei protocol. Additionally, Sei has established on-chain interactions with Trump’s crypto project WLFI and has been selected by the state of Wyoming as a candidate blockchain for the stablecoin WYST.

In terms of technology, the SIP-3 proposal put forward by Sei Labs has attracted attention, aiming to simplify the architecture to a pure EVM model, enhance the developer experience, and support the network's goal of processing over 100,000 transactions per second.

It is worth mentioning that a financial institution has launched ETP products related to SEI, and another capital company has submitted an application to the SEC to launch the first SEI-based ETF in the United States. This means that Sei is expected to gain recognition and liquidity support from traditional capital markets.

Although Sei is currently in a phase of rapid expansion, its ecosystem still heavily relies on leading projects, and the types of applications are relatively concentrated. To achieve sustainable growth, Sei needs to further expand the types of applications, improve user retention, and build a richer ecological foundation.