$SEI has now climbed around 69% over the past 90 days, with the latest move pushing it to roughly $0.083.
The rally started with the Staked SEI ETF narrative, after Canary Capital updated its S-1 to propose staking around 90% of the fund's SEI holdings. The filing is still preliminary, but the market clearly reacted to the possibility of institutional SEI exposure combined with staking yield.
@SeiNetwork
Then came more fuel from the Giga upgrade.
Recent testing reportedly reached 63,000 TPS, while Hermes consensus achieved 68ms finality, giving the market another reason to reprice Sei's infrastructure narrative.
The numbers are now getting interesting: market cap is around $636M, with $133M in 24h volume and an FDV of ~$838M.
So this rally doesn't look like pure market beta anymore.
ETF expectations are driving attention, while Giga provides a fundamental story behind the move.
The next question is whether Sei can turn this momentum into sustained ecosystem growth and usage.
Disclaimer: Personal views for informational purposes only. Not financial or investment advice.
The rally started with the Staked SEI ETF narrative, after Canary Capital updated its S-1 to propose staking around 90% of the fund's SEI holdings. The filing is still preliminary, but the market clearly reacted to the possibility of institutional SEI exposure combined with staking yield.
@SeiNetwork
Then came more fuel from the Giga upgrade.
Recent testing reportedly reached 63,000 TPS, while Hermes consensus achieved 68ms finality, giving the market another reason to reprice Sei's infrastructure narrative.
The numbers are now getting interesting: market cap is around $636M, with $133M in 24h volume and an FDV of ~$838M.
So this rally doesn't look like pure market beta anymore.
ETF expectations are driving attention, while Giga provides a fundamental story behind the move.
The next question is whether Sei can turn this momentum into sustained ecosystem growth and usage.
Disclaimer: Personal views for informational purposes only. Not financial or investment advice.
