As SEI builds on its recent gains, the asset appears primed to challenge the $1 mark—a critical milestone that could reinforce its position as a leading player in the market as the bull market materializes.a significant uptick in new users on SEI’s blockchain, with the total reaching an all-time high in the past 24 hours.
Transaction volume has surged, returning to levels last seen in August. This uptick signals increased engagement and stronger interactions within the market.One notable achievement is SEI’s Total Value Locked , a critical indicator of market health that measures the total value of cryptocurrency staked, locked, or deposited into a blockchain or protocol.In the past 24 hours, SEI’s TVL climbed to a record-breaking $218 million, which shows the deep interest and confidence of investors.
This indicates that broader improvements and innovations are underway alongside the deployment of new contracts, which further solidify SEI’s ecosystem.Derivative traders have demonstrated a high interest in SEI, playing a role in the 222.21% increase in trading volume, which had reached $1.78 billion at press time.
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