SEI Crypto Surges 33% Amid Market Recovery and Strong DeFi Fundamentals

SEI's price has soared by 23.66% to over $0.33, reflecting a remarkable 107% gain over the past week and reaching a market cap of $1.81 billion.

SEI

Summary

SEI has experienced a price increase of 23.66%, surpassing $0.33, with an impressive 107% gain over the past week, bringing its market capitalization to $1.81 billion. This surge follows a broader recovery in the cryptocurrency market, contributing to a significant rise in trading volume and user engagement.

Terms & Concepts
  • Total Value Locked (TVL): The total capital held within a DeFi protocol, indicating its popularity and usage.
  • EVM-compatible: Ethereum Virtual Machine-compatible, referring to blockchains that can run Ethereum-based smart contracts.