Sei Surges 37% in Day as Crypto Market Resurgence Boosts Layer-1 Ecosystem

Sei (SEI) has emerged as a standout performer in the recent crypto market resurgence, with its price surging nearly 37% in a single day. This remarkable performance has garnered significant attention from traders, analysts, and DeFi enthusiasts, positioning Sei as a key player in the layer-1 ecosystem. The surge in SEI's price was not arbitrary; it followed a breakout above critical technical levels, including moving above its 200-day Exponential Moving Average (EMA) and signaling a bullish Moving Average Convergence Divergence (MACD) crossover.

According to a popular analyst, Michael van de Poppe, SEI found solid support at $0.185, paving the way for a potential breakout to $0.3 and beyond. Beyond technical indicators, SEI's on-chain activity has been robust, reflecting genuine user adoption and DeFi traction. Weekly Decentralized Exchange (DEX) volume crossed $236 million for the first time, Total Value Locked (TVL) is approaching $1.3 billion, nearly reclaiming its all-time peak, and the supply of USDC on SEI surged from $1.2 million to over $225 million in just three months.

Sei's fundamentals have never been stronger, with real user adoption and DeFi traction driving its growth. The ecosystem is expanding rapidly, and investors are taking notice. Institutional recognition has also played a significant role in Sei's rise. The Wyoming Stable Token Commission has shortlisted Sei for the development of its fiat-backed WYST stablecoin, enhancing its credibility in the U.S. crypto landscape. Additionally, the upcoming Giga upgrade is set to revolutionize the SEI blockchain, offering a 5+ gigas/sec throughput, sub-400ms finality, and parallel transaction execution. This upgrade positions Sei as one of the fastest and most scalable blockchains, ideal for high-speed DeFi, AI-based applications, and real-world asset tokenization.

With the momentum on its side, analysts are optimistic about SEI's future price targets. Immediate resistance lies around $0.3 to $0.36, but if Sei continues to deliver on its technological roadmap and usage metrics, a move toward $0.50 is within reach. The combination of strong on-chain activity, institutional backing, and technological advancements makes Sei a compelling narrative in the current crypto market.