SEI's TVL surges 593.04 million, weekly gain 44.81%

SEI, a prominent Layer-1 asset, experienced significant intraday volatility and capital rotation, distinguishing itself despite a slight decline at the end of the session. The asset's total value locked (TVL) surged to a record $593 million, driven by consistent inflows, robust DeFi growth, and increasing protocol engagement. This surge in TVL underscores the growing trust and participation in SEI's ecosystem, which has been expanding steadily since September 2023.

SEI's performance was particularly notable as it broke a long-term descending wedge pattern, achieving a +44.81% weekly gain. This breakout was accompanied by the highest trading volume since January 2024, confirming a trend reversal and drawing significant attention from traders. The asset's dynamic movement set it apart from other major Layer-1 assets, which remained range-bound or flat. SEI's volatility and structural breakout have positioned it as a standout performer in the current market landscape.

The asset's behavior during the session was characterized by multiple intraday swings, testing overhead resistance and reflecting strong liquidity churn. Despite closing marginally down, SEI's earlier capital interest and speculative inflows indicated potential accumulation phases ahead of a structural breakout. This behavioral shift highlighted SEI's ability to attract capital and sustain interest, even in a market-wide flat environment.

On-chain fundamentals further supported SEI's recent visibility, with TVL hitting a new record of $593.04 million. The sustained higher lows and higher highs on the TVL chart, despite broader market volatility, reinforced the ecosystem's long-term sustainability and rising engagement. Protocols within the SEI ecosystem consistently absorbed liquidity, even during bearish market conditions, demonstrating the asset's resilience and growth potential.

SEI's weekly chart confirmed the breakout beyond key resistance, closing the week at $0.28838, a +44.81% increase from the previous week's open at $0.19892. The move invalidated the previous downtrend from the $0.726 March high, resetting the trend with wide price discovery. The breakout was supported by a peak volume of 91.64 million, the highest since January 2024, further validating the trend reversal and attracting trader interest.