$SEI Dips 5% But DeFi Growth Soars: Is This Layer-1 Gem Being Overlooked?

Cardano DeFi

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Jimmy Aki

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Jimmy Aki

Part of the Team Since

Sep 2022

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Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...

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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

May 13, 2025

Sei ($SEI), a general-purpose Layer-1 blockchain that merges the best features of Ethereum and Solana, saw its price dip by 5% over the past 24 hours. Despite this short-term drop, $SEI has had a strong run recently, posting a 30% gain over the last seven days and extending its monthly growth to 42%.

At press time, $SEI is trading at $0.2559. For context, the token peaked above $0.70 in December 2024, before entering a prolonged downtrend that brought it to a low of $0.1445 in April 2025.

Since its launch in August 2023, Sei has consistently promoted its edge in transaction speed and scalability.

These technological efficiencies, paired with Sei’s chain-level optimizations, have helped attract a growing number of decentralized exchanges and trading protocols to the platform.

Is $SEI Undervalued? Metrics Outpace Cronos, Optimism, and Even Cardano

A May 8 report from Messari noted that Sei’s total value locked (TVL) surged 73.7% in Q1 2025, rising from $209.1 million in the previous quarter to $363.1 million. Stablecoin market cap on the network also hit an all-time high of $178 million.

These figures have continued to climb in Q2, with TVL now surpassing $500 million and the stablecoin market cap reaching $232.5 million.

However, the discrepancy between Sei’s price and on-chain activity has led many analysts to believe that $SEI remains undervalued.

While ranked only as the 67th-largest crypto asset by market cap ($1.3 billion), Sei outpaces other higher-ranked chains like Cardano, Cronos, and Optimism in network usage and assets locked.

For instance, Cronos is currently ranked 42nd with a $2.6 billion market cap, Optimism ranks 65th with $1.32 billion, and Cardano sits in the top 10 with a valuation exceeding $28 billion, despite trailing Sei in DeFi activity metrics.

Many believe that once capital and investor focus shift toward Sei, its price could reclaim its previous high of $1.14 from March 2024, or even move beyond it.

Trump-Linked WLFI and Sei ETF Filing Fuel Investors’ Confidence

Institutional interest in $SEI is also rising. In April, World Liberty Financial (WLFI), a Trump-affiliated crypto initiative, added 4.89 million $SEI tokens, worth approximately $775,000, to its portfolio, including Bitcoin and Ethereum.

Additionally, on April 30, Canary Capital filed a proposal with the U.S. SEC for the first spot Sei ETF, which would include a staking feature. According to the S-1 filing, BitGo and Coinbase would handle the fund’s custody.

These developments suggest that $SEI is positioned for investor interest and a potential price surge once retail and institutional liquidity returns to the market.

Key Resistance at $0.30: Can $SEI Break Out Toward $0.3367?

From a technical standpoint, the $SEI/$USDT chart shows a continued bullish trend supported by an ascending trendline that began in April.

The price has moved above its 20-day, 50-day, and 100-day exponential moving averages (EMAs), which are currently clustered between $0.1923 and $0.2214.

A key resistance lies at $0.30. A confirmed breakout above this level could lead to a 31.4% rally toward the next target of $0.3367, which coincides with the 200-day EMA and a previous resistance area from late 2024.

To sustain this momentum, $SEI must maintain support above the $0.24–$0.25 range. A break below could trigger a pullback to key support levels at $0.22, $0.2097, and $0.2000.

On the other hand, a move above $0.30 could validate the next leg of $SEI’s bullish breakout, with further upside potential in the weeks ahead.