SEI TVL Closes in on $1 Billion But Price Still Down 83% from 2024
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SEI TVL approaches $1 billion with 12.12% daily gain pushing token above $1 billion market cap to 66th cryptocurrency ranking while trading at $0.1880 despite being 83% down from $1.14 March 2024 highs as ecosystem exceeds $500 million TVL making it 3x larger than TON blockchain.
Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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Sei ($SEI), the rapidly expanding layer-1 blockchain network, has delivered impressive performance today amid broadly lackluster market conditions in recent periods.
The token, trading at $0.1880 at press time, has climbed to become the 66th most valuable cryptocurrency after posting a 12.12% gain over the past 24 hours. This gain propels it back above the coveted $1 billion market capitalization threshold.
However, many crypto traders and blockchain enthusiasts believe SEI’s network development and price performance remain disconnected.
The SEI Paradox: 3x Bigger Than TON But Trading 7x Cheaper.
The total value locked (TVL) across the Sei ecosystem has exceeded $500 million, making it three times larger than the TON blockchain in locked capital.
Despite this metric, Sei maintains a $1 billion valuation while Toncoin commands $7.2...
https://cryptonews.com/news/sei-tvl-closes-in-on-1-billion-but-price-still-down-83-from-2024-highs-when-will-it-recover/
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