Sei Network’s Total Value Locked (TVL) has surged to an all-time high of $626 million, signaling robust expansion across its decentralized finance ecosystem. This milestone coincides with the Japan Financial Services Agency’s (JFSA) formal endorsement of the network, unlocking new growth avenues across Asian markets.
The SEI token remains volatile, trading over 78% below its March 2024 peak, though $0.2540 has emerged as a crucial technical support threshold for a potential price recovery. Network upgrades further boost momentum as Sei Labs advances its proposal (SIP-3) to become an exclusive Ethereum Virtual Machine (EVM) chain, aiming to enhance compatibility and attract institutional capital.
Regulatory clarity and strategic infrastructure developments have amplified Sei Network’s influence within DeFi despite short-term token fluctuations. The surge in active addresses and protocol adoption underscores its accelerating traction.