As a long-term follower of new public chains, I have recently been really amazed by the rhythm of #SEİ . I originally thought it was just a high-performance L1, but it has now directly rushed into the 'institutional adoption' main line, even starting to explode with ETFs, stablecoins, and TVL, connecting these keywords together.

📌 First, the big news: ETFs and ETPs are promoting the institutional entry of Sei.

• In Europe, Valour has already launched Sei's ETP. This team has previously developed many ETP products for different chains and understands the rhythm well.

• Over in the US, Canary Capital has also submitted an application for Sei ETF, which basically means that institutions are officially starting to layout.

• Don't forget, BlackRock's Bitcoin ETF reached $70 billion in just over a year. The market's appetite for compliant and liquid crypto assets is growing, and #Sei is riding this tailwind.

🪙 #Sei + Stablecoins = Dual-wheel drive

• The Wyoming state government has already named #Sei as one of its stablecoin pilot chains. This is no longer just a private play; it has government-level recognition.

• Additionally, #Circle's IPO documents directly stated that Sei is one of its main investment targets. It should be noted that Circle is the core player behind USDC globally, and this kind of endorsement is not something ordinary projects can obtain.

• The supply of stablecoins on #Sei has recently surged nearly 7 times in the past few months, which is a vivid example of capital and users voting with their feet.

📊 On-chain data is also ridiculously hot.

• TVL surged to over $1.267 billion in one go, just a few months ago it was only over $400 million (as shown in the picture below);

• DEX daily trading volume exceeded $94 million, with trading activity ranking among the top in the entire chain;

• Daily transaction count exceeds 5.1 million, with an average TPS of 78+, basically securing a high-performance high-throughput L1 position;

• The application layer is also very strong, with transaction fees approaching $300,000/day, and several projects have already entered the top 100 for chain revenue;

• Even in the gaming track, #Sei has now directly entered the top of the entire chain (#DappRadar data).

Currently, #Sei is no longer our stereotypical 'fast chain' impression. It is evolving from a high-performance infrastructure to a financial-grade public chain that is genuinely adopted by governments and institutions. Once this type of public chain is 'incorporated into the system', the subsequent valuation and application space will likely support multiple zeros. Therefore, I believe that the combination of ETF + stablecoins + DeFi TVL + actual user volume is the most critical turning point for #Sei's rise this time. What we can do is to identify trends in advance and get on board. 🧐