TL;DR
- Sei’s TVL exploded from under $61 million to a record $626 million, fueled by real DeFi usage in its high-throughput pools, yield farms, and perpetual markets.
- Regulatory approval in Japan unlocked one of the world’s strictest crypto markets, sending daily active addresses to a two-year high and drawing institutional treasuries.
- Despite the TVL milestone, the native token has pulled back nearly 78%, but ecosystem growth and on-chain innovations suggest a resilient long-term outlook.
Sei Network has shattered expectations, with its TVL surging past $626 million, an all-time peak that underscores its rising stature in DeFi. In early July, the Layer-1 blockchain eclipsed previous milestones as fresh capital flooded its smart contract protocols, positioning Sei as a formidable rival to established heavyweights like Ethereum and Solana.
TVL Surge Fuels DeFi Ambitions
Since the start of 2025, Sei’s TVL catapulted from under $61 million to more than $626 million, a near-tenfold gain that stands out across the blockchain landscape. This meteoric rise reflects not just speculative inflows but genuine utility: traders and developers are locking assets into Sei’s high-throughput pools, yield farms, and perpetual markets. Daily inflows have picked up pace, and institutional treasuries are increasingly eyeing Sei’s performance-optimized rails.
Japanese Approval Opens Doors
A key driver behind the TVL explosion was regulatory greenlighting in Japan. The Japan Financial Services Agency’s approval unlocked access to one of the world’s most tightly governed crypto markets, paving the way for local exchanges, custodians, and asset managers to onboard the network’s assets.
Following that milestone, daily active addresses hit a two-year high, signaling robust engagement from both retail communities and professional investors in Asia’s giant economy.
Ecosystem Expansion and On-Chain Activity
Sei isn’t just hoarding capital, it’s putting it to work. Network analytics reveal spikes in on-chain transactions and fee revenue, with DEXs and liquid staking venues drawing fresh liquidity. Developers have launched new automated market makers and leveraged Sei’s “Giga” throughput upgrade, boosting peak daily transactions into the multimillion range.
As real-world asset tokenization gains steam, the network’s architecture is poised to host tokenized bonds, equities, and other financial instruments.
Price Volatility vs. Long-Term Outlook
Despite the record TVL, Sei’s native token has weathered a steep retracement, down roughly 78% from March highs and trading near $0.26. Analysts point to $0.254 as a critical support level; a sustained hold could pave the way for a broader recovery later in 2025.
While short-term swings remain intense, the network’s underlying growth trajectory and regulatory validation suggest that the blockchain is more than a flash in the pan. As DeFi competition intensifies, Sei’s breakout TVL performance may mark the beginning of its next growth era.
