Sei Crypto Network’s native token, SEI, recently hit a new all-time high in Total Value Locked (TVL), riding the tide of Canary Capital’s move to file for a staked SEI ETF. GIGA upgrade is also on the horizon, buying SEI a ticket for a moonshot ride.
SEI crypto price action is forming a falling wedge, shouting “To the moon!” This technical setup is priming for a bullish breakout. It’s price is now hovering around $0.19 to $0.21, and is set for a potential rally.
As of now, the SEI’s chart is tempting traders to take the plunge.
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SEI Crypto Looking Lively with Catalysts Joining Forces
TVL is a crypto version of a popularity contest; it measures the dollar value of assets staked on a blockchain, showing how much trust users have in the network. A high TVL, like SEI crypto new $500 million record, means more people are locking up their funds in its DeFi ecosystem. This means strong confidence and security for the ecosystem.
(source)
The Canary Capital ETF filing adds more fuel to this SEI crypto trajectory. ETF will give traditional investors a taste of SEI through a brokerage account, attracting normies to the coin.
With custodians like BitGo and Coinbase as a safety wall, it’s a bridge for mainstream adoption. If approved, or when it is approved, ETF can bring serious inflows, making SEI more appealing.
The upcoming GIGA upgrade is SEI crypto ace in the hole, promising a 50x boost in EVM throughput. SEI Layer 1 blockchain, tailored for high-frequency trading and DeFi, will see its performance rival web2 platforms. With 21.1 million addresses already on its EVM, SEI’s ecosystem is growing faster and faster.
ICYMI: Sei's Giga upgrade with Autobahn consensus recently demonstrated 5 gigagas processing power in a globally distributed network on internal devnet.
This DA+BFT approach is reshaping what's possible on-chain.
Performance at this scale has the potential to change everything pic.twitter.com/TX7hmRsWY2
— Sei 🔴 (@SeiNetwork) April 22, 2025
GIGA is most likely the magic crypto beans for the SEI next rally.
Chatter about SEI reclaiming its Q1 2024 glory is everywhere, driving the positive sentiment. The combination of a bullish chart, skyrocketing TVL, ETF buzz, and GIGA has SEI crypto moving. Right now, SEI future looks brighter than a supernova!
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Bonus: $SOLX The First Solana Layer-2 Solution
With so many ETFs approved over the past year, and the current BTC price, the real bull run might be in play soon. The recent Bitcoin ETFs pumped BTC to an all-time high last year. Following it, the awaited SOL ETF is expected to come this June, which will likely send Solana beyond its $250 range.
With Solana nearing another euproric phase, Solaxy, with its $SOLX is having the goal to help SOL from congestions with a fast, scallable layer-2.
The scaling solution processes transactions off the main chain and then batches them back to the base layer for final settlement. This reduces the load on Solana’s validators and cuts further costs for traders.
SOLX can handle more activity without compromising the chain speed, easing the under-pressure chain. Leveraging Solana’s speed, SOLX will support decentralized apps and/or institutional use cases. This will help a lot, especially with SOL ETFs likely starting to roll next month.
Solaxy is priced at a cheap $0.0017 with a staking reward of 119% APY. More than $33.5 million has been raised. By the look of it, the remaining token is going to be running out fast before listing hit.
To put SOLX into perspective, analysts have been predicting 10- 100x on listing. The current price is really a steal for a coin with this potential.
For the latest updates on the project, connect with the SOLX community on X and Telegram
Join the Solana revolution with SOLX here.
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Key Takeaways
- SEI Crypto is looking ready with so many catalysts pushing.
- Bonus: $SOLX the first Solana Layer-2 solution.
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