SEI Token Surges 5.77% as DeFi Activity Soars and Wyoming Stable Token Commission Selects Blockchain

SEIUSDT experienced a 5.77% price increase over the past 24 hours, rising from 0.2860 to 0.3025, according to Binance data. This upward movement is primarily attributed to several recent positive developments: SEI was selected as a candidate blockchain by the Wyoming Stable Token Commission, the network implemented the SIP-3 upgrade introducing Sei Giga, and ecosystem growth was reported with over 8.1 million active wallets and a total value locked of $525 million. Additionally, SEI’s DeFi activity surged, with total value locked increasing by 28% in one day and DEX volumes reaching all-time highs. These factors, combined with bullish technical momentum and increased investor interest, have driven strong price action and elevated SEI’s market capitalization to approximately $1.52 billion. Trading volume remains high, and SEI is currently trading near recent highs, with market sentiment supported by ongoing ecosystem upgrades and institutional recognition.