The SEI Network's Total Value Locked (TVL) has exceeded $200 million, indicating its status as a significant Layer 1 blockchain in the decentralized finance (DeFi) sector. The successful launch of its V2 protocol has contributed to this significant growth, with an increase from $5 million in January 2024. The network's momentum is notable, with a monthly value locked increase of 57.44% and a 244% rise in monthly active participation. The platform now boasts 65,000 daily active users. SEI's token economics, with a circulating supply of 1.8 billion tokens and a total supply of 10 billion, indicate potential for growth. Market analysts compare the trajectory of SEI to that of other prominent Layer 1 tokens such as Solana, Fantom, and Terra, which experienced substantial growth during previous Bitcoin price cycles. SEI is expected to benefit from bullish trends in 2025, with an anticipated 8-10x potential increase as it gains more traction in DeFi and AI altcoin sectors. With its strategic tokenomics, increasing TVL, and growing user base, SEI Network is positioning itself as a major player in the Layer 1 blockchain space, with a positive outlook for the future.
- Content Editor ( coinedition.com )
- 2024-09-26
SEI Network Explodes: TVL Hits $200M, 8-10x Surge Predicted