Sei Soars to 5-Month High, Up 22% on Stablecoin Surge

Hang onto your hats, crypto fans! Sei (SEI) just rocketed 22% to hit a dizzying $0.35, the highest we've seen in five months. The secret sauce? Stablecoin integration, baby!

SEI's wild ride was fueled by the top cryptos riding Bitcoin's coattails to new record highs. It's like a crypto party out there!

With Bitcoin flexing its muscles above $118k and wiping out over $1 billion in shorts, Sei broke free like a bull charging out of the gate. Prices tapped into that bullish energy, smashing through the $0.30 resistance and reaching levels not seen since January 31, 2025. Talk about a comeback!

That $0.35 peak? It's not just a random number. It's a former support zone from November 2024, and once SEI busted through, it was off to the races, all the way up to $0.73. This crypto's on fire!

Let's not forget, SEI hit its all-time high of $1.14 back in March 2024. The sky's the limit!

Sei Surges as Stablecoins Take Center Stage

Hold up, there's more! On July 10, the Sei Development Foundation dropped a bombshell. They announced a game-changer for the layer 1 blockchain network, and trust me, it's more than just a step forward.

It's been a year since Sei V2 hit the scene, and the ecosystem's been on a tear. We're talking an 800% spike in total value locked and a mind-blowing 3,600% surge in daily Ethereum Virtual Machine transactions. Developers are flocking to this L1 like moths to a flame.

But here's the real kicker: stablecoin integration is what's propelling Sei to the next level. We're not just talking about a high-performance network anymore. Sei's transforming into a cross-chain liquidity hub for the crypto and financial markets. Buckle up!

What's putting Sei on the map? Native USDC (USDC) integration, that's what. And the timing couldn't be better. Sei's seen a 100% rise in stablecoin TVL and a 300% spike in stablecoin transactions. We're talking around 240 million monthly stablecoin transactions since January 2024. This is huge!

Get this: stablecoin TVL on Sei has skyrocketed over 100% in the past 4 months. And that's just the beginning.

But wait, there's more! Circle's cross-chain transfer protocol is also launching on Sei. CCTP V2 is about to unlock a whole new world of cross-chain value. We're not just talking about a fresh institutional on/off-ramp here. Native USDC means Sei's growth is about to go stratospheric, making it a key player in DeFi, gaming, payments, and beyond.

"Native USDC turns Sei's high-speed infrastructure into trusted financial rails, ready for institutional scale," the Sei team declared. You heard it here first, folks!