Pearl
Zylo Ecosystem
Bitway
Walrus
Starknet
Quantus
Pudgy Penguins
Key Insights:
- SEI crypto open-interest pumped by more than 210% to about $162,960,000 in 3 weeks only.
- Sei EVM activity is booming with transactions surpassing 1.6M.
- Stablecoin TVL on Sei grew by over 100% in the past 4 months.
The recent wave in the market, spearheaded by Bitcoin, is soon catching up with the Sei crypto. Sei did not see much of a rally when others like Sui Network were booming.
SEI is enjoying a breakout phase and gaining significant traction in the market. A sharp rise in price last week triggered a surge in open interest among investors. Currently, Sei is enjoying capital inflow as seen in the OI, but what else is fueling this charge?
Sei Crypto Open Interest Rate Surge
ByBit analyst Lennaert Snyder noted that the open interest in Sei crypto increased by over 210%. As of press time, the value was $162.96 Million in only three weeks from June to July 2025.
Such a sharp spike was an intricate indication of an immense increase in the SEI derivatives. These gains implied that Sei Network had been gaining much interest among the traders and investors. The increased awareness of Sei crypto in the market was also responsible for this confidence.
The constant growth was seen during June and July after being flat in May, pushing the pace intensively starting mid-June. With such a trend, Sei crypto might even own its grip in the market. This could lead to further liquidity and new participation.
Nonetheless, this growth would be sustainable only if it depended on external factors. They include the overall conditions within the market along with the further extension of the ecosystem.
SEI could expect more institutional participation and increased trading volumes. That said, what is driving this surge, and will it continue?
EVM Transaction Count of Sei Crypto
To begin with, one year ago, Sei v2 was released to the mainnet. The EVM transaction count at the time of writing had increased by an impressive margin. This could have contributed to the rise in OI.
Jayendra “Jay” Jog, co-founder of Sei Labs, highlighted the surge in daily transactions on the network. He shared the update through his official X (formerly Twitter) account. The transactions on its chart hit about 1.6 million, an increase of 3690.9%.
Transactions have consistently increased since the second half of 2024 until June 2025. The network is used increasingly on a vast scale.
The peak in September 2024 must have been due to a first wave of hype for the mainnet launch. However, the consistent growth thereafter reflected a healthy and growing customer base.
This trend implied that SEI was positioning itself as one of the impactful figures in the EVM networks. This could attract other DeFi activity and decentralized application (dApp) usage.
SEI Stablecoin Market Cap
Sei Network’s stablecoin market grew over 100% between March and July 2025. This impressive jump was announced through the project’s official X account.
The TVL was approximately $125 Million in March. It rose steadily in the following months, reaching $284 Million by July 2025.
This robust growth scale mirrored the aforementioned OI spike. This further portrayed the incremental use of the stablecoin provided by the Sei Network.
The increasing trend means Sei crypto may be regarded as one of the prospects in the stablecoin industry. With such a trend, Sei may increase its TVL, OI, and its base as a provider of a platform for stablecoin issuance.
A tweak could challenge Tron Network (TRX), a giant in the stablecoin space. The stablecoin of SEI shows potential to play a larger role in the DeFi ecosystem.
Its increasing utility hints at a broader influence in decentralized finance. Future market expansion will rely heavily on user adoption. External factors across the crypto industry could also shape its growth trajectory.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
