Recently, SEI has emerged as a major force in the blockchain world, gaining attention for a series of remarkable achievements that have set it apart from more established networks like Ethereum, Base, and Sui. Wyoming’s Stable Token Commission gave SEI an almost perfect score in its blockchain evaluation, awarding it 30 out of 32 points, which is higher than Ethereum’s 26 and Base’s 25. This evaluation looked at factors such as transaction speed, low fees, and the ability to connect with other blockchains, all areas where SEI excelled. This recognition from a state government highlights SEI’s technical strengths and its growing reputation as a reliable platform for both public and private sector projects.
Adding to SEI’s momentum, Circle, the company behind the stablecoin USDC, revealed in its IPO filing that SEI is now its largest token holding, even surpassing Ethereum and Solana. This is significant because Circle’s involvement signals strong institutional confidence in SEI’s future and its role in the broader crypto ecosystem. The partnership also means that USDC is natively supported on SEI, making it easier for users to move money and access liquidity on the network.
The excitement around SEI grew even more when Canary Capital filed for the first-ever SEI ETF at the end of April. This move would allow traditional investors to gain exposure to SEI and its staking rewards through a regulated financial product. The news of the ETF filing sparked a surge in SEI’s price, which jumped 65% in just one week. If approved, this ETF could open the door for even more investment and mainstream adoption of SEI.
SEI’s ecosystem is also expanding rapidly, especially in the world of Web3 gaming. The platform now claims about one-third of the market share in this sector, with over seven million active wallets in the past month. SEI has also become the second most active EVM-compatible blockchain by transaction count, showing that users and developers are flocking to the network. Its liquidity ratio, which measures the depth of on-chain assets compared to the token’s market value, is much higher than most major blockchains, and its total value locked is approaching one billion, reflecting strong activity in decentralized finance.
All these developments point to a broader trend: SEI’s rise is not just a result of hype or speculation. Instead, it is being driven by real achievements in technology, regulatory approval, institutional support, and user adoption. The combination of state-level recognition, major institutional backing, innovative financial products, and a thriving gaming ecosystem suggests that SEI is becoming a serious contender in the Layer 1 blockchain space, possibly signaling a shift in the industry’s balance of power.
