Sei Network Experiences Mixed Market Signals Amid Major Ecosystem Developments
Recent Price Action and Market Performance
Sei (SEI) is trading at $0.08579 USD with a 24-hour trading volume of $55,193,877.82 USD. The token has faced recent headwinds, with a price decline of -19.60% in the last 7 days, underperforming the broader cryptocurrency market.
Major Exchange Support for Network Upgrade
Major exchange OKX supports Sei's mainnet upgrade, ensuring smooth user transitions. Binance announced its support for the upcoming Sei (SEI) network upgrade. OKX announced it will support the upcoming Sei Network mainnet upgrade, halting deposits and withdrawals during the process to ensure security and stability, though trading remains unaffected.
Institutional DeFi Integration
Ondo's yield-bearing stablecoin USDY integrates with Sei, boosting DeFi appeal. Ondo Finance deployed its yield-generating stablecoin USDY on Sei Network, backed by short-term U.S. Treasuries, leveraging Sei's speed for near-instant settlements.
Technical Infrastructure Upgrades
Sei's core team is finalizing SIP-3 (Giga upgrade), shifting to an EVM-only architecture to eliminate Cosmos SDK dependencies, targeting 200K+ TPS with sub-400ms finality. SeiDB Storage Overhaul in October 2025 cut state size by 60% and improved sync speeds.
Ecosystem Activity and User Engagement
SEI crossed one million active accounts in December, making it the most active EVM-compatible chain at the time. Sei ended staking promo but maintains strong DEX volumes, signaling organic demand.
Market Outlook and Technical Analysis
Technical sentiment remains divided. Bearish technicals warn of breakdown risks below $0.089, with SEI trading at $0.09176, anchored near support at $0.089. However, bullish potential targets $0.30 – $0.80+ for the year.