SEI Token Surges 8.24% as DeFi TVL Hits $626M and Trading Volume Tops $800M on Binance

SEIUSDT has experienced an 8.24% price increase over the past 24 hours, with the current price at $0.3732 on Binance. This upward movement is attributed to several positive developments: the unlocking of 55.56 million SEI tokens (1% of supply) on July 15, 2025, record DeFi total value locked on the Sei network at $626 million, and strong user activity with daily active addresses exceeding 886,000 and daily transactions at 1.92 million. Technical analysis highlights a breakout above a key resistance trendline and sustained bullish momentum, further supported by a net cross-chain bridge inflow of $59.84 million in the past 30 days, ranking Sei third among blockchains. The SEI/USDT pair has seen robust trading activity, with 24-hour volumes reaching up to $800.6 million and market capitalization around $2.19 billion, positioning Sei among the top 50 cryptocurrencies by market cap.