SEI is sitting at an interesting point. The Sei price is trading around $0.1274, while the network itself is showing some of the strongest activity it has ever seen.
However, short-term factors like exchange maintenance and a scheduled token unlock are keeping traders cautious.
Upbit recently paused SEI deposits and withdrawals due to wallet maintenance, although trading remained open.
On top of that, a $6.7 million SEI token unlock is set to hit the market, testing how well current demand can absorb new supply. Against this backdrop, analysts are watching to see whether SEI or other Layer-1s, like SUI, break out of consolidation first.
Moreover, on-chain data shared by AltCryptoGems shows that growth on Sei is not limited to one app or niche. It is spread across lending, consumer apps, gaming, and stablecoins.
Yei Finance, Sei’s flagship lending protocol, now ranks as the 5th most active lending platform of all time by transaction count. TakaraLend has become the second most-used EVM lending protocol by daily active addresses. On the consumer side, Kindred AI has an average of over 100,000 daily active users.
In addition, 19 decentralized apps, or dApps, support more than 100,000 addresses on a monthly basis, while 11 Sei-native games have more than 300,000 users. This is evidence of practical usage as opposed to farming.
Stablecoin usage on Sei (SEI) is also climbing quickly. Peer-to-peer stablecoin supply has risen 155% in the past six months, while weekly stablecoin volume is up 104% in just three months, now pushing past $1.5 billion.
After yesterday’s overview on @SeiNetwork’s daily activity, we just wanted to elaborate on how bullish Sei’s activity has grown to become. 👏🏼
— Sjuul | AltCryptoGems (@AltCryptoGems) January 14, 2026
When it comes to growth, it’s not confined to one dApp or feature; it’s the entire ecosystem. Let us show you:
-> @YeiFinance, the… pic.twitter.com/1gmti2yPp8
The user base reflects that growth. Sei has crossed 89 million unique users, with 2 million new users added since the start of 2026 alone. These numbers point to a chain that is being actively used across payments, DeFi, and apps, not just traded on exchanges.
Despite very strong activity, some near-term threats should not be overlooked. The pending token unlock adds more supply in the market at a point where the price still continues to consolidate.
The maintenance schedules for the various exchanges might also have some temporary effects on market conditions even as trading continues.
That said, strong usage often helps networks absorb unlocks more easily. If activity stays elevated, selling pressure from new tokens may be shorter-lived than expected.
Read Also: Why Is Stellar (XLM) Price Up Today?
SEI price outlook and key levels
With SEI trading around $0.127, the first area to watch on the downside is $0.115–$0.120. Holding that zone would suggest buyers are still defending current levels, even with the unlock.
On the upside, $0.145 is the first meaningful resistance. A clean break above it could open the path toward $0.18–$0.20, especially if network growth continues to translate into stronger market interest.
In a more bullish scenario, where activity keeps accelerating and Layer-1 sentiment improves, a move toward $0.25 becomes possible later in the cycle for SEI price. That would require both sustained usage and broader market participation.
What Next For SEI?
SEI is still quiet compared to the scale of activity happening on the network. That gap is what the traders are watching. If usage trends keep rising into the DeFi space, gaming, and stablecoins, then the price may start to show it eventually.
However, the SEI price remains in a wait-and-see mode. The future course will presumably be largely influenced by how markets respond to new supply and whether network effects remain this strong in practice.
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