Sei Network Hits $600M TVL and Tops Sui in Transactions

Tech

Sei Network Hits $600M TVL and Tops Sui in Transactions

• Sei Network surpassed Sui in daily transactions, processing 4.6 million in a single day.
• Sei Network hit an all-time high with over $600M in total value locked across DeFi protocols.

Recently, the Total Value Locked (TVL) on Sei Network has broken through $600 million, an all-time high for them. In addition, the number of daily transactions on Sei has also skyrocketed and for the first time managed to surpass Sui. In one day, Sei processes around 4.6 million transactions, slightly above Suis figure of around 4.3 million.

This spike seems to confirm that Sei is not just hype. Of the many Layer-1 networks competing to attract users, Sei seems to be starting to establish its foothold. One of the main reasons often mentioned by developers and the community is its technical performance.

With an upgrade called “Giga” launched last April, Sei has managed to achieve a processing power of up to 5 gigagas on its global devnet network. If analogized, its like having a blockchain machine that can chew through hundreds of thousands of complex transactions in an instant. No wonder transaction traffic is so heavy like it is now.

Still from April, there is another interesting move that may not have been widely noticed: Canary Capital officially filed an ETF proposal for staked SEI. This is not a regular ETF, as it combines market exposure and potential staking returns in one product that feels “traditional” but wrapped in a crypto feel.

Canary itself seems quite aggressive lately, considering that they are also involved in filing other ETFs related to TRX, SUI, and even Pudgy Penguins (PENGU).

Sei Network Aims Higher with Real-Time Risk Protection and DEX Momentum

On the other hand, security is certainly not forgotten. A few days ago, CNF reported that Sei has partnered with MyWebAcy to improve its real-time risk assessment system. This collaboration aims to provide an additional layer of protection for users, especially in making wiser on-chain decisions. Given the increasing transaction volume, this step feels like upgrading a seat belt before a car is driven faster.

Furthermore, the trading volume on DEXs running on Sei has also been boosted. This provides an ideal environment for the integration of security services such as MyWebAcy. It could be that, with a system that is increasingly neat and fast, Sei is targeting not only retail users, but also institutional attention.

In terms of price, SEI shows a fairly stable movement. When this article was written, its value was around $0.2821, up in the last 7 days. Even if drawn in a 30-day span, the increase reached . It may not be a fantastic number, but it is enough to reflect that slowly but surely, the market is starting to take into account the long-term potential of this network.