Key Highlights:
- Chain Broker reports Sei is leading with 120% development growth, outpacing rivals.
- DefiLlama data shows Sei’s TVL at $312M, surpassing Cardano for the 19th spot.
- TD Sequential indicator signals a Sei rebound, with a target of $0.24
Sei (SEI) crypto is making serious waves in the crypto world. It has demonstrated that certain projects can prosper even during market instability.
According to Chain Broker statistics, Sei achieved the highest development growth rate during the past month, increasing by 120%. The growth rate demonstrates developer confidence while surpassing major blockchain competitors in the market.
Sei stands apart from other blockchains because it was designed to operate at high speeds while maintaining low fees. The parallelized execution model of Sei enables simultaneous transaction processing, which results in faster speeds and reduced operational expenses.
Developers who launch DeFi projects and run high-frequency trading applications favor this platform. Sei Crypto has established itself as a leading Layer-1 blockchain through its current momentum.
Sei Crypto Outperforms Market with Strong TVL Growth Across All Timeframes
While many blockchains are seeing capital outflows, Sei defies market trends, posting growth across all key timeframes.
The token Total Value Locked (TVL) experienced a 0.87% increase during the last 24 hours. At the same time, its weekly and monthly TVL growth reached 39.88% and 54.50%, respectively.
The impressive performance stands out as most other networks face difficulty attracting liquidity.
The Total Value Locked on Sei’s blockchain has reached $312.06 Million. This positions it as the 19th largest blockchain network, surpassing Cardano’s $309.41 Million locked value.
This shift isn’t just about rankings. The increased liquidity in Sei’s ecosystem demonstrates its ability to draw more funds than established blockchains.
The growing financial support for its DeFi applications demonstrates that traders and liquidity providers view it superior to legacy platforms. Its strength isn’t just limited to TVL growth. The perpetual trading volume of Sei crypto exceeded $1.2 Billion during the last week.
The increased demand for the token’s fast and efficient infrastructure demonstrates its appeal to traders. It has become their preferred platform for speed and cost efficiency in derivatives trading.
While some networks struggle with scalability and high transaction fees, Sei delivers rapid and smooth transactions. This minimizes network congestion even during high trading volumes.
Its superior performance capabilities make the token stand out as a top Layer-1 blockchain for decentralized finance and perpetual futures trading.
Sei Crypto Flashes Buy Signal as TD Sequential Hints at Rebound
Ali Charts detected a potential buying opportunity through the TD Sequential indicator on the Sei. The popular technical indicator TD Sequential shows that the token may be getting ready to increase in value.
At press time, Sei crypto maintains a trading value of $0.1934. On the other hand, it showed a 5.27% increase during the last 24 hours. Moving ahead, the token reached an intraday peak of $0.1976 and a minimum point of $0.1738.
The first price objective for the potential recovery of Sei stands at $0.24. That’s because this value represents the previous resistance point. A successful breach of this resistance level would create conditions for an extended upward price movement to $0.30.
Conversely, Sei crypto operates within a market environment that remains highly unstable. The token’s value dropped by 12% over the previous month, although it was still 83% below its peak of $1.14.
However, the Layer-1 blockchain space sees the token as resilient because of its rising TVL. This expands the developer base and raises trading volume.
The growing liquidity and positive market sentiment will create favorable conditions for Sei’s expanding ecosystem. This will drive a powerful market recovery. Based on its current trajectory, the token shows potential to become one of this year’s most significant breakout projects.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
