The Sei (SEI) blockchain has established itself as the frontrunner in web3 gaming, achieving an impressive $469 million in gaming transaction volumes over the past week across its platform.
Despite this surge in transactions, the SEI token has experienced a more subdued market performance. Currently, it is priced at $0.2835, marking a modest increase of 1.28% over the last 24 hours.
Nevertheless, the growing influence of this layer-1 blockchain within both the gaming and decentralized finance (DeFi) sectors suggests that the current token price might not accurately reflect its potential, especially considering that SEI had consistently traded above $0.5 and peaked at $1 during its 2024 performance.
Sei Gaming and DeFi TVL Surges 2,000% While Token Value Lags
According to analytics from DappRadar, Sei has taken the lead in web3 gaming within the last month, boasting 8.8 million connected wallets—an astounding 74% increase compared to the previous month.
As June draws to a close, the top gaming chains from the past month highlight @SeiNetwork leading with 8.8M wallets, up 74%, as gaming activity on SEI escalates with several new titles boosting engagement.
Following closely are opBNB and @SkaleNetwork, both showing robust numbers despite slight fluctuations… pic.twitter.com/N1Im9LKAnb
— DappRadar (@DappRadar) June 30, 2025
In this timeframe, 14 gaming applications on the Sei network saw over 100,000 unique active wallets, all exhibiting upward growth trends.
Notable titles such as World of Dypians, Archer Hunter, Europe Fantasy League, and the Empire of Sei reported unique user growth ranging from 33.2% to an impressive 139%.
According to data from DefiLlama, the total value locked (TVL) on the Sei platform hit a new all-time high on July 1, exceeding $600 million.
This stands in stark contrast to March 2024 when the SEI token was valued at $1.14, with TVL sitting at a mere $30.72 million.
While DeFi activity on the blockchain has surged over 2,000%, the current token value remains about 75% lower than its peak.
Support for this growth narrative comes from Nansen’s data, which indicates that daily transactions on Sei have tripled over the past three months, reaching peaks of over 1.6 million transactions daily.
Sei is gaining momentum.
Daily transactions have tripled in the last three months, now jumping to over 1.6 million per day.
Momentum has been building since the start of Q2, and it shows no signs of slowing. pic.twitter.com/7NbnlHNIff
— Nansen (@nansen_ai) June 28, 2025
The stablecoin supply within Sei has also hit new heights, growing by 23.24% in the past week to achieve a market value exceeding $277 million.
Coinbase CEO Highlights Crypto Volume Boost from Stablecoins on Sei
During a recent interview with Finance Newso, Coinbase CEO Brian Armstrong underscored the broader potential of cryptocurrency payment infrastructure, stating that crypto rails are now enabling $30 trillion in stablecoin transaction volume.
“These rails are faster, cheaper, and more global. Payments flow toward the path of least resistance, and crypto rails have emerged as the most efficient payment infrastructure worldwide,” Armstrong remarked.
Coinbase CEO Brian Armstrong discusses crypto rails responsible for $30 trillion in stablecoin volume:
‘…these rails are faster, cheaper, and more global. Payments flow toward the path of least resistance, and crypto rails are now the most efficient globally.’
Sei is witnessing… pic.twitter.com/tFIMA6m24r
— Sei (@SeiNetwork) June 28, 2025
Sei’s upward momentum since the onset of Q2 has been particularly remarkable.
This positive market action reflects the underlying strength of SEI, which emerged as the leading altcoin in June, recording gains of over 49%.
However, with its current market capitalization of $1.57 billion, analysts suggest there remains considerable potential for growth. Immediate targets aim for $0.5, while longer-term forecasts surpass $1 as broader market activity returns.
$SEI – 1W chart
Weekly inverse head and shoulders breakout confirmed
SEI has officially reversed
Next targets: $0.55 → $0.80+ pic.twitter.com/4icBlIRwRf
— Crypto Target (@cryptotarget11) June 30, 2025
Technical Analysis Indicates Potential Bullish Continuation
The SEI/USDT daily chart shows a bullish breakout, with prices rising above a five-month resistance level at $0.26.
Currently, SUI trades near $0.2821, positioned slightly above the 9-day simple moving average, which is beginning to trend upward, thus supporting the short-term bullish momentum.
A significant resistance level looms at $0.35, which has historically served as a strong selling zone. A decisive close above this threshold could propel SEI toward the next major target of $0.50, representing a potential upside of 76% from current levels.
The Relative Strength Index (RSI) stands at 61.51, suggesting solid momentum while avoiding overbought conditions, indicating that there might still be room for further increases.
However, the $0.35 resistance is critical; a clean break above this level would likely incite additional buying pressure towards the $0.50 target.
Should the price be rejected at this level, a retest of the $0.26–$0.28 support range could offer a healthy consolidation period before continuing the upward trend.
The post SEI Becomes #1 Gaming Chain With $600M TVL – Can Token Surge 20% to $0.35? appeared first on Finance Newso.
