The post SEI Token Surpasses $200M TVL Milestone, Paving Way for a Bullish Future appeared on BitcoinEthereumNews.com.

SEI Network surpassed $200M TVL within four months of V2 launch. Daily active users on the SEI Network increased by 244% monthly. SEI is expected to follow the path of SOL and FTM, with potential 8-10x growth. The SEI Network’s Total Value Locked (TVL) exceeded $200 million, cementing its place as a major Layer 1 blockchain in DeFi. This milestone was reached after the successful launch of its V2 protocol, which helped in this meteoric rise from just $5 million in January 2024. In the four months since the V2 rollout, the SEI Network has shown impressive momentum, with a 57.44% monthly increase in value locked. Investors are drawn to SEI Network’s innovative DeFi offerings and growing user base. The platform has seen a 244% increase in monthly active participation and now has 65,000 daily active users. Regarding its tokenomics, the network’s circulating supply of 1.8 billion tokens and a total supply of 10 billion suggest significant room for growth. The planned release of 55% of new tokens over the next 12 months should drive further development. SEI Eyes 8-10x Surge in 2025 Bull Run Market analysts see similarities between SEI’s trajectory and that of other major Layer 1 tokens like Solana (SOL), Fantom (FTM), and Terra (LUNA). These crypto assets saw tremendous growth during previous Bitcoin price cycles. SEI is well-positioned to benefit from the anticipated bullish trends in 2025, with many predicting an 8-10x potential increase, especially as the network gains more traction in DeFi and AI altcoin sectors. Source: Donovan Jolly Last year, SEI Network secured a $120 million Ecosystem Fund to support projects and applications built on the Sei blockchain. The positive impact of these investments is evident in the Total Value Locked (TVL), which has steadily increased since the beginning of the year, approaching $180…

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Filed under: News - @ September 26, 2024 4:24 pm