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Sei Network (SEI) has seen its Total Value Locked (TVL) skyrocket past $626 million, marking a tenfold increase since January 2024. The surge follows regulatory approval from Japan’s Financial Services Agency (FSA), attracting institutional interest. Meanwhile, SEI’s price faces volatility amid bullish sentiment and technical support tests.
- Sei Network’s TVL grew 10x in six months, outpacing most rival chains.
- Japan’s FSA approval boosted institutional interest and on-chain activity.
- SEI’s price faces a critical support test at $0.25, with a bearish forecast to $0.19.
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