The native token of $SEI , SEI
SEI $0.2759
It jumped over 50% last week, outperforming all other tokens exceeding 100 in the market as analysts pointed to a "multi-factor rally" behind the surge.
Analysts at B2,Bin,Pa,y told Coin,,desk in an email: "We believe that $SEI
Just delivered one of the cleanest multi-factor rallies we've seen this year - up 45% from 4x volume. There were three solid drivers behind it.
They added: "Wy,,oming appointed $SEI as the settlement layer for its international pilot, giving it institutional credibility. Then came the V2 Airdrop snapshot and a 9% bump in Core's Apy.
The Wyo,,ming stablecoin committee last week briefly #Aptos and #SEI for its S,table,,Coin pilot program, awarding SEI a score of 30 points based on metrics like transactions per second, fees, and transactions.
The SEI network was selected by the Wyo,,ming stablecoin committee as a candidate block,,chain for WYST 🇺🇸
WYST is the first state-backed #FIAT stablecoin issued by the State of Wyoming and will be launched using laye,,rzero_core.
The updated list of candidates is publicly accessible at ...
WYST is Wyoming's state-backed stablecoin, pegged to the US dollar, developed in collaboration with Laye,,rZero, a multi-chain cryptocurrency protocol.
The 50% weekly surge shows smart capital flows. On-chain inflows to centralized cryptocurrency platforms (#CEX ) exceeded $3 million, while open interest in perpetual swap contracts increased by only 9%, and funding remained stable, indicating membership-driven purchases fueled by spot trading.
DeFiL,,ama data shows that the total value locked (TVL) on Sei surpassed $540 million, steadily rising since January, with trading volume on the decentralized exchange (DEX) Sei exceeding $60 million for the first time on Wednesday.