#sei
Sei's native token has surged over 50% in the past week, outperforming all other of the 100 largest tokens by market cap.
Analysts attributed the rally to Wyoming naming SEI as a settlement layer for its dollar stablecoin pilot, a version 2 airdrop snapshot and an increase in returns from staking.
On-chain data shows a $3 million CEX inflow and a rise in TVL to over $540 million, indicating strong organic buying.