Sei Surges 22% to Five-Month High on USDC Integration

Sei, a prominent cryptocurrency, experienced a significant surge, jumping 22% to reach a five-month high of $0.35. This remarkable increase was primarily driven by the integration of USDC, a stablecoin, which acted as a key catalyst for the price movement. The integration of USDC into Sei's ecosystem has boosted investor interest and trading activity, leading to a breakout momentum that propelled the cryptocurrency to new heights.

With Bitcoin rallying to above $118k, Sei broke out. Prices tapped bullish momentum to break above the key resistance of $0.30, with bulls taking advantage to hit levels last seen on January 31, 2025. The supply zone around intraday highs of $0.35 represents a previous key support level from November 2024, above which SEI rose to hit $0.73. The Sei token reached its all-time high of $1.14 in March 2024.

On July 10, the Sei Development Foundation announced a major milestone for the layer 1 blockchain network, a step it said is more than transformative. A year after its Sei V2 network launched, the ecosystem has seen a nearly 800% spike in total value locked and over 3,600% surge in daily Ethereum Virtual Machine transactions. The L1 has also attracted a huge number of developers. Stablecoin integration is what sets Sei ready for the next level of growth – from a high-performance network to the crypto and financial markets’ cross-chain liquidity hub.

Putting Sei on the map is its integration of native USDC, the stablecoin’s native access coming at a time Sei has notched a 100% rise in stablecoin TVL. This aligns with a 300% spike in stablecoin transactions, notably pushing monthly stablecoin transactions to approximately 240 million since January 2024. Also launching on Sei is Circle’s cross-chain transfer protocol. CCTP V2 will help unlock the next phase of cross-chain value. Other than a fresh institutional on/off-ramp, native USDC means Sei growth as it becomes a key player in decentralized finance, gaming and payments and more.

“Native USDC turns Sei’s high-speed infrastructure into trusted financial rails, ready for institutional scale,” the Sei team noted. This development underscores the growing confidence in Sei's potential and its ability to attract more investors as it continues to integrate with other financial instruments. The integration of USDC into Sei's ecosystem has not only boosted investor interest but also positioned Sei as a key player in the decentralized finance landscape, paving the way for further growth and innovation in the cryptocurrency market.