SEI: The Token That Refuses to Budge, But Everyone Loves Anyway 🤷‍♂️

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Sei Network (SEI) is like the stubborn mule of the crypto world, holding steady at $0.25 while its Total Value Locked (TVL) and user base are having a party. 🎉

Analysts, who are usually as predictable as a bad sitcom, are now scratching their heads. They’re suggesting that this odd dance between market performance and on-chain growth metrics might just be the next big thing to watch. Over the past 24 hours, SEI has managed a modest 3.83% increase, pushing the price toward $0.26. It’s like watching a snail race, but hey, every little bit counts, right?

Meanwhile, the network’s TVL has surpassed $624 million, and its active user base has reached over 266,000. It’s like a high school dance where everyone’s showing up, but the DJ (SEI price) is still playing the same song. Traders and analysts are closely monitoring whether SEI’s price will finally start to reflect the underlying expansion. Maybe it’s just a late bloomer?

Sei Network’s TVL reached $624 million in July 2025, reflecting substantial growth from just $13 million in February 2024. According to data shared by analyst CryptoBullet, this expansion in TVL has occurred alongside a steep decline in SEI price—from $1 to $0.25—despite broader ecosystem development. It’s like the network is getting more popular, but the token is having a mid-life crisis.

This shift in liquidity suggests that more users and developers are locking capital within Sei’s DeFi protocols, even as the token’s valuation remains compressed. It’s like everyone’s bringing their lunch to the party, but the host (SEI price) is still on a diet.

The data reveals a consistent uptrend in TVL throughout the first half of 2025, with minimal drawdowns. This rise appears to correspond with new protocol deployments and increased participation from liquidity providers. Despite a decrease in market capitalization, Sei’s core infrastructure has attracted greater capital concentration, underscoring continued usage of the network’s smart contract environment. It’s like the network is building a fortress, but the token is still playing in the sandbox.

User Growth Accelerates to 266,000 New Wallets

Additionally, Artemis data confirmed that the Sei Network has experienced over 266,000 new wallet creations in the past year, marking a 31,072% increase. Analyst Ryuzaki SEI emphasized this growth as a sign of expanding adoption, noting that the rise occurred even as SEI price remained range-bound near $0.25. It’s like the network is a rising star, but the token is still in the minor leagues.

The user growth curve steepened notably in recent weeks, suggesting renewed onboarding activity amid expanding DeFi participation. It’s like the network is throwing a block party, but the token is still setting up the chairs.

This surge in network addresses indicates broader interest in Sei’s functionality, including decentralized trading and application deployment. The platform’s capabilities and performance have drawn both developers and users to explore use cases beyond speculative trading. It’s like the network is a gourmet restaurant, but the token is still serving fast food.

While SEI price has remained relatively stable, the infrastructure metrics suggest that the network is entering a new phase of scale. It’s like the network is growing up, but the token is still in diapers.

SEI Price Stable Amid Volume and Circulating Supply Increase

Between July 8 and July 9, SEI gained 3.83% to trade near $0.26, supported by steady accumulation. Intraday charts showed a push toward $0.2604 followed by a mild retracement and recovery, suggesting resilience around the $0.250 support level. It’s like the token is a rubber ball, bouncing back every time it hits the ground.

SEI price pattern reflects moderate bullish activity without excessive volatility, indicating that buyers are maintaining pressure without sharp sell-offs. It’s like the token is a tortoise, slow and steady, but still moving forward.

SEI’s market capitalization currently stands at $1.44 billion, with trading volume exceeding $91 million over the last 24 hours. The network’s circulating supply is above 5.55 billion tokens, providing ample liquidity to support ongoing exchange activity. It’s like the network is a bustling city, but the token is still a small town.

This combination of high volume, broad supply, and stable price action points to increased market participation and investor interest in the near term. It’s like the network is a magnet, drawing everyone in, but the token is still a paperclip.

Analysts Point to Valuation Mismatch

CryptoBullet highlighted that in February 2024, the SEI price reached a $1 valuation with only $13 million TVL, compared to today’s $0.25 valuation with $624 million locked in. This contrast suggests a disconnect between price action and the network’s current usage levels. With market capitalization now lower despite a stronger ecosystem, analysts view the current setup as a possible undervaluation. It’s like the network is a diamond, but the token is still a pebble.

Ryuzaki SEI also noted that the rising user count does not yet appear priced into the token’s valuation. He stated that investors focused solely on price may be overlooking the foundational growth beneath the surface. It’s like the network is a tree, but the token is still a seed.

Both analysts agree that continued expansion in TVL and users could influence a shift in the market trend if current infrastructure trends persist. As the network builds deeper liquidity and onboarding, attention may turn toward whether SEI price begins aligning with its network fundamentals. It’s like the network is a rocket, but the token is still on the launchpad. 🚀

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2025-07-09 22:36