SEI Surges 33% on Strong DeFi Growth Outpacing Hedera's 28% Gains

In the latest evaluation of altcoin performance, SEI and HBAR (Hedera) have emerged as two of the most debated options in the crypto space. SEI Network, designed from the ground up for decentralized finance (DeFi), has seen significant price appreciation in recent months. Its token price increased by 33%, reaching $0.37 at its peak, with a market cap of $1.7 billion [1]. This surge is driven by robust on-chain activity, particularly in stablecoin transactions. Daily stablecoin transactions on SEI reached $4.68 billion, with USDC supply growing by $110 million within 10 days [1]. These figures outperform those of more established networks such as Algorand and Polkadot, signaling strong user adoption and institutional interest.

SEI’s appeal lies in its fast transaction speeds and low fees, making it an attractive platform for DeFi developers and users. Canary Capital has filed for an SEI exchange-traded fund, further indicating growing institutional confidence in the project [1]. With approximately 5.7 billion of the 10 billion total tokens in circulation, SEI remains relatively underpenetrated, leaving room for substantial price movement.

In contrast, Hedera, which operates on a hashgraph rather than a blockchain, offers fast transactions and is backed by industry leaders such as Google, IBM, and Boeing. HBAR has gained 28% in the past three months, reaching $0.26 at the current trading price [1]. The platform has also expanded its retail footprint, securing listings on major exchanges like Robinhood and Kraken. However, its stablecoin ecosystem has encountered turbulence. USDC supply on the network dropped by 70% in just three days, declining from $224 million to $57.5 million [1]. This sharp decline has raised concerns over liquidity and the platform’s ability to maintain user engagement in DeFi.

While Hedera benefits from strong corporate governance and a proven track record, the recent drop in USDC supply reflects a potential struggle to retain users and maintain liquidity [1]. The volatility in its stablecoin market contrasts with SEI’s more consistent on-chain growth and rising institutional interest.

Analysts argue that SEI is currently positioned for stronger short-term gains due to its rapid growth in DeFi infrastructure and on-chain metrics [1]. Hedera’s long-term advantages remain intact, but its recent performance has not kept pace with SEI’s upward trajectory. For investors seeking growth in the next few months, SEI’s focus on DeFi and emerging institutional support make it a more compelling choice in the near term.

Source: [1] SEI vs. Hedera (HBAR): Which Altcoin Has the Edge Now? (https://coinedition.com/sei-vs-hedera-analyst-picks-the-crypto-with-higher-short-term-gains/)