SEI Token Surges 6.37% as Wyoming Stablecoin Pilot and DeFi Growth Drive Institutional Interest

SEIUSDT has experienced a 6.37% price increase over the past 24 hours, currently trading at $0.2921 on Binance. This upward movement is primarily attributed to several recent developments: SEI was selected as the settlement layer for Wyoming’s state-backed stablecoin pilot, which has brought significant institutional attention; the network has seen a surge in DeFi activity, with total value locked rising above $540 million and a notable increase in decentralized exchange volumes; and SEI’s inclusion in Binance’s Learn & Earn campaign has boosted user engagement. Additionally, positive sentiment was reinforced by a version 2 airdrop snapshot and a strategic proposal by SEI Labs to focus exclusively on EVM support, further enhancing interoperability.

SEI maintains strong market activity with a 24-hour trading volume exceeding $534 million, a market capitalization around $1.59 billion, and a circulating supply of 5.33 billion tokens, ranking it #48 by market cap. The asset’s recent rally is supported by robust fundamentals, growing DeFi and gaming adoption, and heightened institutional and retail interest.