Sei Network shows significant growth in transaction volume and total value locked. The data indicates that the network is attracting investors and may be shifting price dynamics.
Transaction and TVL Growth
According to Nansen data, daily transactions on Sei Network surged by 300%, reaching over 1.6 million. The total value locked (TVL) hit $590 million, setting an all-time high.
Role of Founders and Projects
Founders Jeff Feng and Jayendra Jog have played significant roles in the network’s growth. The increased activity is linked to projects like World of Dypians and Nika Labs.
Economic Impact and Prospects
The increased transaction volume enhances Sei's visibility in the cryptocurrency market. Transaction fees have surged to $19,060, indicating the economic value of the activity on the network. Experts believe the surge in TVL to $590 million reflects strong DeFi adoption. There is also an upward price trend for SEI, which has recently gained 28%.
Given the significant increase in activity and value locked on Sei, there are prospects for future technological advancements and regulatory scrutiny.
