SEI Network has surpassed the BNB chain in active addresses, recording over one million daily users.
Technical data shows repeated downtrend breakouts, with past recoveries yielding gains between 60% and 93%.
Approval for a CBOE-listed SEI ETF is underway, adding regulatory attention alongside SEI’s market growth.
SEI Network has entered a phase marked by increased adoption and notable market performance. Recent developments suggest that the blockchain’s momentum is supported by both technical movement and fundamental growth. Data highlights indicate rising activity levels across the ecosystem, along with significant chart structures that continue to attract market attention.
Market Structure and Technical Path
The SEI chart shows a sequence of downtrends followed by upward recoveries. Each recovery has resulted in substantial percentage gains, with past moves ranging between 60% and 93%. Most recently, SEI demonstrated another upward push, aligning with previous price behaviors.
https://twitter.com/Ryuzaki_SEI/status/1958395134342746453
The current trajectory indicates a potential extension, with projections suggesting further growth toward higher trading zones. The next price checkpoint is visible near $0.70, a level derived from the latest upward extension.
Technical data highlights a structured pathway, where recoveries repeatedly follow descending phases. Each breakout has led to new trading levels, underlining the cyclical nature of SEI’s chart. This pattern remains important as the asset approaches a critical stage in its ongoing market activity.
Daily Activity and Chain Performance
SEI Network has recorded over one million active addresses daily. This activity surpasses several established chains, including the BNB chain, which SEI has recently overtaken in address count. The rapid expansion in address activity points to growing on-chain usage, supported by its adoption within gaming and related blockchain services.
Heightened network engagement remains central to SEI’s market profile. The steady increase in active addresses confirms user participation and forms a measurable data point for network growth. As daily users continue to increase, trading sentiment and liquidity have responded with sustained engagement.
Regulatory and Market Outlook
In parallel with on-chain performance, regulatory attention has also centered on SEI. Reports indicate that approval for a CBOE-listed SEI exchange-traded fund (ETF) is currently in process. The potential listing adds a structural layer to the market, as ETFs provide access to wider trading participation within regulated environments.
This development comes at a time when SEI continues to register significant technical gains. The reported trajectory points toward a possible retest of higher price levels. Historical comparisons suggest that previous structures have led to strong upward continuations, with attention now turning toward October as a key period for further movement.
