Sei Network Approved by Japan’s JFSA, Daily Active Addresses Surge 101%

Sei Network ($SEI) has achieved a significant milestone with the approval from Japan’s Financial Services Agency (JFSA). This regulatory greenlight is crucial for any cryptocurrency aiming to be listed on Japanese exchanges, providing Sei direct access to one of the most highly regulated and active crypto markets globally. The approval is seen as a pivotal move that could dramatically influence $SEI’s trajectory, as similar approvals in the past, such as Ripple’s XRP, have triggered major price rallies. Investors are now closely monitoring Sei to see if it follows a similar pattern.

In addition to regulatory progress, Sei’s network metrics have shown substantial improvement. Daily active addresses on the Sei blockchain have surged by over 101% in the past three months, reaching a new all-time high of 671,300 addresses. Notably, Sei crossed the 600,000 daily address mark in mid-June, which many see as a confirmation of rising adoption. In the past month alone, active addresses have climbed by 13%, reflecting increased user engagement and network utility. As the Japanese investor base gains access following JFSA approval, analysts expect these numbers to rise even further. Increased participation could push Sei toward a more bullish long-term outlook, especially if current growth trends continue.

Despite the positive fundamental developments, $SEI remains in a bearish technical structure. The token is currently trading around $0.2646, down nearly 5% in the past 24 hours and over 11% for the week. Sei is hovering near a critical support level at $0.26. While this level has held so far, breaking below it could lead to further downside. The Relative Strength Index (RSI) is approaching the oversold zone, suggesting a potential for short-term reversal. Moreover, the MACD indicator remains bearish but is starting to converge, indicating weakening selling pressure. Momentum remains subdued, but a bounce from current levels could push Sei toward the $0.275–$0.28 resistance range.