SEI’s On-Chain Growth vs. Hedera’s Institutional Backing: Head-to-Head Layer-1 Network Comparison
Main Idea
SEI Network shows strong growth in DeFi with high stablecoin volume and DEX activity, while Hedera benefits from institutional backing but faces challenges with declining USDC supply.
Key Points
1. SEI Network's daily stablecoin volume reached $4.68 billion, with $110 million in USDC deposits in 10 days after integration.
2. SEI's DEX activity surged to $1.53 billion in July, outpacing competitors like Algorand, Near, and Polkadot.
3. Hedera (HBAR) has institutional support from Google, IBM, and Deutsche Telekom, and was listed on Robinhood and Kraken.
4. Hedera's USDC supply dropped from $224 million to $57 million, though HBAR's price rose 28% over three months.
5. SEI's price climbed 33% in three months, reaching $0.37, while HBAR's price remains at $0.24, below its all-time high of $0.57.
Description
SEI’s $4.68B daily stablecoin volume signals surging DeFi user adoption HBAR gains 28% in 3 months but faces declining USDC supply concerns SEI outpaces rivals with $110M USDC inflow and rising DEX activity In a maturing crypto market, investors are looking past the hype and focusing on fundamentals. Two projects often in the spotlight are SEI Network and Hedera (HBAR). While both platforms have unique strengths, a closer look reveals distinct differences that could influence which one has the u...
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