{"id":3821,"date":"2025-06-24T08:03:11","date_gmt":"2025-06-24T08:03:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sei-surges-33-as-defi-tvl-nears-all-time-high-amid-market-rebound\/"},"modified":"2025-06-24T08:03:18","modified_gmt":"2025-06-24T08:03:18","slug":"sei-surges-33-as-defi-tvl-nears-all-time-high-amid-market-rebound","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sei-surges-33-as-defi-tvl-nears-all-time-high-amid-market-rebound\/","title":{"rendered":"SEI surges 33% as DeFi TVL nears all-time high amid market rebound"},"content":{"rendered":"
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SEI crypto stood as one of the top-performing crypto assets today amid market-wide recovery, as its DeFi TVL approached new highs.<\/p>\n

According to data from crypto.news, Sei (SEI) token rallied by 33 % to $0.268 on June 24, its highest level since May 12, and is now up more than 90% from its April low.\u00a0 Its market cap stood at $1.49 billion with a daily trading volume of 557 million, 175% higher than the previous day.<\/p>\n

SEI\u2019s price uptick today coincided with a broader market recovery, which saw the global crypto market cap climb 2.5% to $3.36 trillion. Bitcoin (BTC) reclaimed the $105,000 level, while major altcoins including Ethereum (ETH), XRP (XRP), Solana (SOL), and Dogecoin (DOGE) also posted notable gains.<\/p>\n

The positive sentiment followed news of a potential ceasefire agreement between Israel and Iran, announced by U.S. President Donald Trump, signaling an end to a 12-day conflict that had weighed on global risk assets.<\/p>\n

Beyond the broader macro tailwinds, SEI\u2019s rally was supported by strong on-chain fundamentals. According to DeFiLlama<\/a>, total value locked on the Sei blockchain has climbed to $1.13 billion, nearly doubling from $526 million at the start of the year and approaching its all-time high of $1.15 billion set in May.<\/p>\n

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This growth has been driven by increasing adoption of decentralized applications built on Sei. Yei Finance, a lending protocol inspired by Aave, now holds approximately $820 million in assets. Takara Lend, another lending dApp, has also attracted $80 million in TVL.<\/p>\n

Additional data shows the total stablecoin supply on SEI has grown to over $225 million, up from just $1.2 million in March. USDC remains the dominant stablecoin, accounting for 83.3% of the stablecoin market on the network.<\/p>\n

Revenue generated by Sei-based DeFi protocols has also seen notable improvement. Monthly earnings surged from $116,000 in March to $562,000 in June, indicating a strong uptick in transaction activity and protocol usage.<\/p>\n

SEI price analysis<\/h2>\n

From a technical perspective, SEI has broken out of multiple bullish patterns. It recently cleared the upper resistance of a multi-week descending channel, signaling a trend reversal.<\/p>\n

<\/source><\/p>\n<\/picture>
SEI price, 50-day and 200-day SMA chart \u2014 June 24 | Source: crypto.news<\/figcaption><\/figure>\n

The token has also broken above the symmetrical triangle pattern that had been forming since February, another bullish continuation signal.<\/p>\n

SEI now trades above both its 50-day and 200-day moving averages, confirming a favorable trend structure. Additionally, the Supertrend indicator has flashed a green signal, and the MACD has registered a bullish crossover, both of which suggest positive momentum is likely to continue.<\/p>\n

<\/source>
\n\"SEI\n<\/picture>
SEI Supertrend and MACD chart \u2014 June 24 | Source: crypto.news<\/figcaption><\/figure>\n

Hence, the next potential upside target lies at $0.36, which coincides with the 38.2% Fibonacci retracement level from the year-to-date high.<\/p>\n

If macroeconomic sentiment continues to improve and on-chain strength sustains, SEI could attempt a move toward the $0.50 psychological resistance zone, which aligns with the 61.8% Fibonacci level.<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

SEI crypto stood as one of the top-performing crypto assets today amid market-wide recovery, as its DeFi TVL approached new highs. According to data from crypto.news, Sei (SEI) token rallied…<\/p>\n","protected":false},"author":1,"featured_media":3822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3821"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3821\/revisions"}],"predecessor-version":[{"id":3823,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3821\/revisions\/3823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3822"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}