Why did the price of SEI go up?

Sei (SEI) increased by 3.29% in the last 24 hours, outperforming the overall crypto market, which rose by 1.42%. The main reasons behind this growth are:

1. ETF Speculation – The U.S. Securities and Exchange Commission (SEC) acknowledged a filing for a SEI spot ETF, sparking positive market sentiment.
2. Technical Breakout – SEI’s price broke through the $0.30 resistance level, with technical indicators showing strong upward momentum.
3. Ecosystem Growth – Integration with MetaMask and increased activity in decentralized finance (DeFi) boosted adoption and interest.

Deep Dive

1. ETF Catalyst (Positive Impact)

Overview: On September 9, 2025, the SEC officially recognized a filing for a SEI spot ETF submitted by Canary Capital (DylanTillEth). While this doesn’t guarantee approval, it marks the first time SEI has received institutional-level recognition as a regulated asset.

What this means: ETF filings often lead to speculative buying, as seen with major cryptocurrencies like Bitcoin and Ethereum. For SEI—a Layer 1 blockchain designed for institutional use—this development supports its goal of enabling real-world asset (RWA) adoption.

What to watch: Updates from the SEC and Canary Capital’s announcements will be important to follow.

2. Technical Momentum (Positive Impact)

Overview: SEI’s price moved above the $0.30 resistance level, reaching $0.333 as of September 12. Key technical indicators include:

• RSI7 at 73.29, indicating the asset is overbought but still trending upward
• MACD showing a bullish crossover with a histogram value of +0.0053
• Price trading above both the 7-day simple moving average (SMA) at $0.307 and the 200-day SMA at $0.245

What this means: Breaking above $0.30 triggered buying from both automated trading systems and individual investors. Traders are now watching the next resistance zone between $0.34 and $0.37, which corresponds to a 23.6% Fibonacci retracement level. Although the high RSI suggests there could be a short pause or pullback, the overall trend remains strong.

3. Ecosystem Adoption (Mixed Impact)

Overview: MetaMask added native support for SEI on August 7, making SEI’s DeFi tools accessible to over 100 million users. Additionally, SEI’s decentralized exchange (DEX) volume reached $2.23 billion in the second quarter of 2025 (Tanaka_L2).

What this means: Greater accessibility and increased on-chain activity confirm SEI’s reputation for fast and efficient trading infrastructure. However, SEI’s 24-hour turnover ratio of 9.62% indicates moderate liquidity, which could lead to higher price volatility.

Conclusion

SEI’s recent price increase is driven by a combination of regulatory progress (ETF filing), strong technical signals, and growing ecosystem adoption. While some short-term profit-taking near $0.34–$0.37 is expected, ongoing institutional interest in SEI’s real-world asset capabilities could push the price higher.

Key points to watch: Can SEI maintain its position above $0.30 if Bitcoin encounters resistance near $124,000? Keep an eye on SEC updates regarding the ETF and SEI’s total value locked (TVL), which is currently over $2 billion, for signs of sustained confidence.

What could affect the price of SEI?

SEI’s price outlook depends on upcoming technical upgrades, progress on exchange-traded funds (ETFs), and shifts in market trends.

1. Giga Upgrade Adoption – A potential boost to 200,000 transactions per second (TPS) could attract more developers (positive).
2. ETF Regulatory Path – The SEC’s review of a staked-SEI ETF might open the door for institutional investors (uncertain).
3. Altcoin Season Momentum – SEI’s 13% weekly gain reflects a broader move into alternative cryptocurrencies (neutral).

Deep Dive

1. Giga Upgrade & EVM Scalability (Positive Impact)

Overview:
Sei’s upcoming “Giga” upgrade aims to increase its transaction speed to 200,000 TPS by using parallel processing and achieving transaction finality in under 400 milliseconds (Sei Labs). Integration with MetaMask, a popular Ethereum wallet, could attract developers from the Ethereum community looking for faster and more efficient decentralized finance (DeFi) solutions.

What this means:
Better scalability could increase the total value locked (TVL) in the network, which is currently $682 million, and boost trading volumes on decentralized exchanges (DEXs). Historically, these factors have been linked to SEI’s price growth. However, there is a risk that competing blockchains like Solana, which already offer high throughput, could limit SEI’s adoption.

2. Staked-SEI ETF & Regulatory Hurdles (Uncertain Impact)

Overview:
Canary Capital and 21Shares have filed applications for a staked-SEI ETF, which are currently under review by the U.S. Securities and Exchange Commission (SEC). If approved, this would be similar to the recent approval of Ethereum ETFs, but the fact that the ETF involves staking rewards adds complexity to regulatory approval (CoinDesk).

What this means:
Approval could bring significant institutional investment into SEI, which currently has a market cap of $1.98 billion. On the other hand, delays or rejection could lead to sell-offs, as seen with similar ETF speculation around Solana in early 2025.

3. Altcoin Season & Market Sentiment (Neutral Impact)

Overview:
SEI’s price increased by 13% this week amid a broader rally in alternative cryptocurrencies, with the CoinMarketCap Altcoin Season Index at 65 out of 100. However, Bitcoin still holds a dominant market share at 57.2%, indicating that gains in altcoins like SEI may be fragile (CMC Data).

What this means:
SEI could benefit from short-term investor interest in higher-risk assets, but long-term growth depends on outperforming competitors like SUI, which saw a 36% increase in TVL month-over-month. Watch SEI’s $0.30 support level closely—if it falls below this, it could signal investors taking profits.

Conclusion

SEI’s future depends on balancing technical improvements with broader market conditions and regulatory developments. The Giga upgrade and ETF decisions, expected by late 2025, will be key milestones. Meanwhile, Bitcoin’s price stability near $124,000 will influence overall market sentiment.

Will SEI’s partnerships with institutional investors help it compete in the race for Ethereum Virtual Machine (EVM) dominance?

What are people saying about SEI?

The SEI community is divided between excitement about big investors getting involved and concerns about recent price movements. Here’s what’s happening:

1. ETF filings and Circle’s SEI holdings support a positive long-term outlook
2. Hype around the Giga Upgrade faces challenges from recent price drops
3. MetaMask integration is encouraging more users to join

Deep Dive

1. @Tanaka_L2: Institutional Interest + Giga Upgrade Seen as Positive

“Circle holds 6.25M SEI, ETFs filed, Giga Upgrade aims for 200K TPS – buying at $0.30 for the long haul.”
– @Tanaka_L2 (89K followers · 2.1M impressions · 2025-09-10 06:08 UTC)
View original post
What this means: Positive – Big players like Circle holding SEI and the filing of ETFs (investment funds that track SEI) show growing mainstream interest. The upcoming Giga Upgrade, planned for July 2025, aims to make SEI much faster, which could attract developers from Ethereum looking for better performance.

2. @gemxbt_agent: Warning Signs from Price Trends

“SEI is below important moving averages, RSI is recovering from oversold levels – minor support at $0.29. MACD suggests a possible short-term bounce.”
– @gemxbt_agent (312K followers · 4.8M impressions · 2025-08-22 14:01 UTC)
View original post
What this means: Cautious – The price is currently weak compared to recent averages, but technical indicators show it might bounce back temporarily to around $0.32 before deciding its next move.

3. @DylanTillEth: SEC’s ETF Review Sparks Optimism

“SEC acknowledged SEI spot ETF – breaking above $0.34 could trigger a strong rally.”
– @DylanTillEth (127K followers · 921K impressions · 2025-09-09 09:14 UTC)
View original post
What this means: Positive – If the SEC approves the SEI spot ETF, it could lead to increased investment similar to what happened with Bitcoin ETFs. However, approval is not guaranteed yet (Canary Capital filed in April 2025; the SEC decision is still pending).

Conclusion

Opinions on SEI are mixed. On one hand, big-picture factors like ETF filings and the Giga Upgrade suggest growth potential. On the other hand, recent price trends show some weakness. Institutional investors seem to be accumulating SEI, especially through Wyoming’s stablecoin pilot and Circle’s holdings. Traders are watching the $0.29 to $0.34 price range closely for signs of a breakout. Keep an eye on the SEC’s ETF decision timeline and whether the Giga Upgrade’s goal of 200,000 transactions per second (TPS) leads to real-world use by the end of 2025.

What is the latest news about SEI?

SEI is gaining momentum thanks to a combination of technical improvements and support from major institutions. Here’s the latest update:

1. Etherscan Integration (September 7, 2025) – Seiscan launched, improving transparency and encouraging developer activity.
2. MetaMask Support (August 7, 2025) – Over 100 million users can now access Sei’s fast and efficient network.
3. Wyoming’s WYST Pilot (July 17, 2025) – A state-backed stablecoin trial boosts Sei’s regulatory credibility.

Deep Dive

1. Etherscan Integration (September 7, 2025)

Overview:
Sei introduced Seiscan, a blockchain explorer powered by Etherscan technology. This tool makes it easier to track transactions and activity on Sei’s network, which is compatible with Ethereum’s technology. This launch comes after a huge 724% increase in decentralized exchange (DEX) trading volumes, now exceeding $94 million daily.

What this means:
This is a positive development for SEI. Having strong analytics tools attracts developers and institutional participants, strengthening Sei’s role in decentralized finance (DeFi). Better visibility into network activity can also encourage more users and funds to join the ecosystem.

2. MetaMask Support (August 7, 2025)

Overview:
MetaMask, a popular digital wallet with over 100 million users, now supports Sei. This allows users to easily connect to Sei’s network. Around the same time, SEI’s total value locked (TVL) surpassed $600 million, and daily transactions reached 4.2 million.

What this means:
This is somewhat positive for SEI. While making the network more accessible could increase adoption, SEI’s price only rose modestly (2.5%) after the announcement, indicating the market had already anticipated this. Over time, easier wallet integration could help grow decentralized applications (dApps) on Sei.

3. Wyoming’s WYST Pilot (July 17, 2025)

Overview:
Wyoming selected Sei for its WYST stablecoin pilot, a state-supported project using LayerZero’s cross-chain technology. Circle, a major player holding 6.25 million SEI tokens, backed this initiative.

What this means:
This is a strong positive for SEI. Regulatory approval and partnerships with established firms like Circle, known for its USDC stablecoin, reduce risks for investors. However, the full rollout of WYST is still pending, so the potential benefits depend on successful implementation.

Conclusion

SEI is making significant strides through technical upgrades, expanding its ecosystem, and gaining regulatory support. These developments suggest Sei is evolving into a blockchain platform ready for institutional use. While recent gains (+13% in one week) show growing optimism, the big question remains: Will Sei’s upcoming “Giga” upgrade—offering 200,000 transactions per second and final transaction confirmation in under 400 milliseconds—help it compete with established networks like Solana and Ethereum for long-term adoption?

What is expected in the development of SEI?

Sei's roadmap through 2025 focuses on growing its ecosystem, supporting developers, and building strategic partnerships. Key highlights include:

1. Expanded Builder Support (Q4 2025) – Increasing grants and improving Ethereum-compatible developer tools.
2. Enhanced Creator Initiatives (Q4 2025) – Boosting community funding and global outreach programs.
3. Contributor Engagement (Q4 2025) – Offering early access and feedback opportunities to deepen community involvement.
4. SEI ETF Progress (H2 2025) – Awaiting SEC review to enable institutional investment.
5. Ecosystem Integrations (Ongoing) – Expanding USDC support and partnering with gaming projects.

Deep Dive

1. Expanded Builder Support (Q4 2025)

Overview
The Sei Foundation plans to grow its developer support by providing more grants, hosting hackathons, and offering retroactive funding to attract builders familiar with Ethereum and Cosmos technologies. This includes tools compatible with Ethereum’s Virtual Machine (EVM), such as the @sei-js/evm package and command-line tools for hybrid transactions.

What this means
Better developer tools make it easier to build on Sei, which could lead to more diverse decentralized apps (dApps). However, Sei faces competition from other Layer 2 blockchains offering similar incentives.

2. Enhanced Creator Initiatives (Q4 2025)

Overview
The Sei Creator Fund will increase funding rounds using quadratic funding through Gitcoin, allocating $250,000 to the "Sei Street Team" to support community-led events worldwide.

What this means
This effort aims to strengthen community engagement. While previous funding rounds had mixed results—raising 42,000 donations for 3 million SEI tokens—the success depends on attracting high-quality projects.

3. Contributor Engagement (Q4 2025)

Overview
Sei will launch programs for early testing, research participation, and feedback collection. Specialized groups like the Sei Gaming Collective will focus on niche areas such as gaming.

What this means
If done well, these programs can boost community involvement and network growth. However, managing a growing contributor base could be challenging.

4. SEI ETF Progress (H2 2025)

Overview
Canary Capital’s staked-SEI Exchange-Traded Fund (ETF) is under review by the U.S. Securities and Exchange Commission (SEC), while Valour’s Exchange-Traded Product (ETP) is already trading in Europe. Approval in the U.S. could bring significant institutional investment, similar to what Bitcoin ETFs have seen.

What this means
This is a high-risk, high-reward situation. Regulatory delays are common and could slow progress, but approval would signal strong institutional confidence in SEI.

5. Ecosystem Integrations (Ongoing)

Overview
Recent developments include native USDC support through Circle’s Cross-Chain Transfer Protocol (CCTP) V2, Rubicon’s liquid staking service, and partnerships with platforms like Backpack and Etherscan. Gaming titles such as FiveFightFive are helping to attract users.

What this means
These integrations support wider adoption, highlighted by $160 million in USDC flowing into Sei within two weeks. However, competition from other gaming-focused blockchains like Solana and Sui remains a challenge.

Conclusion

Sei’s roadmap combines technical improvements with efforts to grow its community and ecosystem, aiming to establish itself as a leader in decentralized finance (DeFi) and gaming. The success of SEI will likely depend on how well it balances institutional interest from ETFs with ongoing developer and community engagement. Will institutional investments offset the risks of developer fragmentation? Time will tell.

What updates are there in the SEI code base?

Sei’s latest updates focus on improving Ethereum Virtual Machine (EVM) compatibility and upgrading developer tools to make building on the network easier and faster.

1. EVM Interoperability Tools (July 2025) – New libraries and command-line tools simplify working between Cosmos and Ethereum blockchains.
2. Core Protocol Maintenance (July 2025) – Routine fixes to improve network stability and node performance.
3. Giga Upgrade Deployment (June 2025) – Major upgrade introducing a faster EVM design aiming for 200,000 transactions per second (TPS) and finalizing transactions in under 400 milliseconds.

Deep Dive

1. EVM Interoperability Tools (July 2025)

What’s new?
Sei added new software packages in its sei-js toolkit, including @sei-js/evm and command-line tools that help developers quickly create decentralized apps (dApps). These tools make it easier to build projects that work across both Cosmos-based blockchains and Ethereum.

Recent improvements also include support for Ledger hardware wallets, which are popular devices for securely storing cryptocurrencies. This means Ethereum developers can now interact with Sei more seamlessly without losing compatibility with existing Cosmos tools.

Why it matters:
By smoothing the path for Ethereum developers to build on Sei, the network could attract more projects and users, increasing its overall value and utility. (Source)

2. Core Protocol Maintenance (July 2025)

What’s new?
The main Sei blockchain software received small updates focused on fixing issues with RPC (Remote Procedure Call) services, which help nodes communicate, and improving node operations. Documentation was also updated to guide validators—those who help secure the network—on hardware requirements, recommending 64GB RAM and 1TB SSD storage.

Why it matters:
These updates don’t introduce new features but help keep the network stable and reliable. While this is good for current users, it may not help Sei stand out compared to competitors like Solana, which are pushing rapid innovation.

3. Giga Upgrade Deployment (June 2025)

What’s new?
Sei launched its v2 upgrade, which includes a new way of running the EVM in parallel using a system called Autobahn consensus. This design aims to handle up to 200,000 transactions per second and confirm transactions in less than 400 milliseconds.

Key technologies include SeiDB, an optimized database for storing blockchain data efficiently, and Twin Turbo Consensus, which speeds up network synchronization while lowering hardware requirements.

Why it matters:
This upgrade positions Sei as a fast and scalable platform compatible with Ethereum, making it attractive for decentralized finance (DeFi) apps and blockchain-based games. (Source)

Conclusion

Sei is balancing improvements in Ethereum compatibility with ongoing efforts to keep its network stable. The Giga Upgrade’s performance boost could help SEI become a strong contender among Layer 1 blockchains. However, its success will depend on how well it can attract Ethereum developers in a competitive landscape. The big question remains: can Sei’s hybrid design outperform Ethereum’s Layer 2 solutions in speed and scalability?