SEI has been making big moves lately, with its price jumping over 95% in the last seven days. At writing, SEI price also gained more than 6%, making it one of the top 5 performers among the top 100 cryptocurrencies. So, what’s behind this massive surge? Here are three key reasons SEI is pumping right now.
What you'll learn 👉
1. SEI Chosen for a U.S. State-Backed Stablecoin Project
One of the biggest drivers of SEI price rally is its recent selection by the Wyoming Stable Token Commission. SEI was picked as a candidate blockchain for what could become the first U.S. state-backed stablecoin. This is a major milestone, especially considering SEI beat out big names like Ethereum and Base for the spot.
SEI also scored a perfect 30 out of 30 on the technical review, reflective of how strong its technology is. This move places SEI squarely on the U.S. regulatory radar screen, which has helped boost investor confidence, especially on the institutional front.
2. Exploding On-Chain Activity and Ecosystem Growth
SEI ecosystem is growing fast. According to Austin Hilton, who has 349K YouTube subscribers, the project’s decentralized exchanges (DEXs) are seeing record usage. In fact, SEI DEX volume hit $327 million in daily swaps, up nearly 200% month-on-month. Protocols like SailorFi, DragonSwap, and Symphony are helping drive this usage, showing that SEI is more than just hype.
There’s also strong growth in user adoption. SEI now ranks second among all EVM chains in active wallets, with 8.1 million wallets and a 74% growth rate in recent months. That’s a clear sign that more users are actively engaging with the network.
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3. Major Backers and Infrastructure Upgrades
SEI is not just growing in users; it’s backed by some major players. Names like Coinbase Ventures, Multicoin Capital, and Jump are supporting SEI, and the project also has a $120 million ecosystem fund to fuel future growth.
SEI is also going through a major infrastructure upgrade, which is helping prepare the network for even more usage. According to Hilton, all of these factors, combined with bullish price action and momentum indicators, are setting up the SEI price for more gains ahead.
With strong fundamentals, growing adoption, and big backers, SEI recent price pump is more than just a lucky spike; it looks like the start of something much bigger.
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