It’s doing kind of good. Well, Sei crypto coin is always known as a network that focuses on performance and scalability. Despite receiving significant and backing from notable backers, the Layer 1 network is doing just ‘fine.’ Is it gearing up for the next big candle? Price Volume in 24h Price 7d

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What Should Investors Expect for Sei Crypto’s Future?

The market is oversaturated with Layer 1 networks. Almost every aspect of the market is covered, and proven L1 networks do outperform the new ones. Although Sei and Sui have similar names (almost), they have very different market performance. As Sui keeps outperforming Sei in all aspects. They are the most notable new Layer 1 blockchains. Alongside Berachain, of course.

SEI raised 95M from multiple funding rounds. Rounds included notable names like Multicoin Capital, Coinbase Ventures, Delphi Ventures, and many others. These seed rounds sold 1.2B Sei tokens at an exceptionally low price of $0.005 compared to the current value of $0.24.

Around 33.33 million tokens are unlocked monthly, valued at approximately 8 million dollars at the current price. This will always create sell pressure; hence, Sei price action hasn’t seen big swings over the past year. These unlocks will persist for four years, based on their tokenomics.

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Talk About The Product Growth

Sei blockchain is doing well, as in the last 7 days it had 30M transactions on its blockchain. It puts them in the top 10 chains in transaction numbers, better than XRP at least, which had only 23.8M. Another impressive growth was their TVL, which has grown from 85M in August 2024 to almost 542M as of today.

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Currently at $0.23. Sei has experienced many sideways price movements over the past few months. It appears to be ready and gearing up for the next step. As product growth continues to show impressive numbers, market sentiment will significantly influence its price action.

Solaxy’s First Ever Layer-2 for Solana Raises $36 Million And Launches Testnet

Sei indeed does have the potential to hit, but it won’t be enough to make huge profits for investors. A better way is to invest in launches early or presales. Analysts expect the market volume to soar. The increasing congestion on blockchains, particularly with Solana, has created a growing need for L2 networks. As we know, Solana has been facing congestion from time to time over the last few months.

The first-ever Solana Layer-2 blockchain, Solaxy, directly addresses Solana’s pain points, congestion, failed transactions, and scalability limitations. And on top of that, it’s a multipurpose L2 that developers can build dApps upon. Also, Solaxy aims to offload the burden on Solana and unlock the chain’s full potential for users, developers, and investors alike.

Solaxy is off to a hot start. The presale raised $36.6 million out of $37.2 million. $SOLX is priced at just $0.001726 in the current presale round, and staking offers up to 111% APY. Holders who lock their $SOLX tokens can earn high passive income, and the coin’s price has the potential to multiply over time.

Presales that quickly raise funds and attract numerous investors often see gains of 5x to 10x after launch and typically earn listings on centralized exchanges. Additionally, smart whales tend to accumulate these types of projects silently. One of these whales recently bought over $400k worth of $SOLX on the Ethereum chain; Click here for the transaction ID.

Follow the whales and get your position in the presale now by visiting the website.

For the latest updates on the project, connect with the SOLX community on X and Telegram.

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Key Takeaways

  • Sei blockchain shows strong transaction and TVL growth.
  • Token unlocks may pressure Sei’s price movement.

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Ahmed Ziyad
Ahmed Ziyad
Crypto Journalist

Combining the art of being a degenerate with technical analysis, Ahmed is a seasoned crypto markets analyst specializing in early-stage projects, emerging market trends, and sentiment-driven trading strategies. Ahmed began his full-time involvement in the crypto space in 2018. Prior... Read More

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