Messari releases Sei Q1 report: TVL increased by 714% month-on-month, SEI price increased by 37% month-on-month

According to ChainCatcher, Messari released the Sei 2024 Q1 status report. The key points are as follows:

- TVL (USD) increased by 714% month-on-month to $46 million, significantly exceeding the price increase. Sei Ecosystem head DEX Astroport TVL increased by 468% month-on-month;

- SEI's prices rose 37% QoQ, even though revenues (in USD) fell 32% QoQ. Revenues were particularly high in Q4 2023 due to inscription activity;

- NFT sales, independent buyers, and independent sellers increased by 2936%, 2429%, and 2419% month-on-month, respectively. MRKT led the growth of the NFT market;

- The launch of the liquidity staking protocols SiloStake and Kryptonite enabled 8.4 million SEI to participate in liquidity staking;

- Sei’s open source Parallel Stack, announced in March, plans to enable developers to launch modular L2 blockchains that serve as a parallel EVM execution layer.