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In the unpredictable world of cryptos, it sometimes takes just one catalyst to propel a project into the spotlight. This week, it is Sei (SEI), a still discreet altcoin, that exploded by 47% in 24 hours. Behind this surge? An unexpected announcement from Wyoming, which plans to rely on the Sei blockchain to launch its state stablecoin. A major turning point that could make Sei one of the crypto revelations of 2025.
In brief
Sei (SEI) soars 47% after being chosen by Wyoming to host its state stablecoin, the WYST.
Activity on the Sei blockchain explodes, with +180% active addresses and a TVL exceeding 540 million dollars.
Canary Capital files an ETF based on SEI, including staking, strengthening institutional interest in this altcoin.
A crypto propelled by Wyoming’s boldness
In the volatile arena of crypto-assets, few tokens manage to attract so much attention in such a short time. Yet this is the bet won by Sei (SEI), a still relatively young altcoin, which soared 47% in 24 hours.
Behind this spectacular leap? The selection of the Sei blockchain by the State of Wyoming as the candidate infrastructure for its future stablecoin, the WYST. This unexpected choice places Sei at the center of attention, in a context where the blockchain war is raging.
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This sudden turnaround in the markets is no coincidence. Wyoming, often considered the crypto laboratory of the United States, struck hard by announcing a state stablecoin. In a sea of political and technological uncertainties, Sei represents a promise of speed and efficiency for the issuance of WYST. Result: a speculative rush on SEI, well beyond its simple role as a utility token.
But this rise should not be reduced to a simple political spotlight. Sei, as a blockchain optimized for DEXs, has managed to capitalize on remarkable organic growth, driven by the rise of decentralized trading.
The Sei ecosystem: silent growth, sudden explosion
Behind today’s peak lies a deeper reality. For two months, activity on the Sei chain has exploded: +180% daily active addresses, +20% transactions. Numbers that speak for themselves and show that interest in this crypto is not limited to a single announcement effect. It is the technical foundations that now support the speculative momentum.
The Total Value Locked (TVL) of Sei, a key indicator for measuring the health of a DeFi blockchain, has reached $542 million, doubling since March. A performance that gives credibility to the network in the eyes of investors, at a time when distrust reigns over hollow promises in the sector.
And while other blockchains play the EVM compatibility card, Sei charts its own path, relying on the Cosmos ecosystem to develop a modular and performance-oriented infrastructure. This positioning, long ignored, is beginning to pay off.
ETF, speculation, and sovereignty: Sei at the heart of a new crypto order
The domino effect does not stop there. In the background, another event spices up the interest around SEI: Canary Capital’s request to create an ETF focused on crypto staking. If the SEC approves this product, it would be a first for such a recent crypto, and above all a strong signal sent to institutional investors.
An ETF backed by Sei would open the gates to regulated and profitable exposure, thanks to the integration of staking. This rare combination of yield and regulation would make SEI an exceptional crypto in diversified portfolios. We can then understand why some investors are already betting on wider adoption to come.
Finally, this moment is also political. The WYST project, although hostilely compared to a CBDC by some Republicans, embodies a model of decentralized financial sovereignty. Wyoming does not want to imitate the Fed: it wants to innovate. And Sei could well be the tool for this ambition.
Sei, the outsider turned catalyst
In a crypto market often dominated by the same giants, Sei is now establishing itself as a free electron, fast, agile, and suddenly coveted. Its current surge is not just a speculative burst. It embodies the rare crossroads between technical growth, institutional validation, and political ambition.
Certainly, the road remains full of obstacles: approval of the Wyoming stablecoin is not guaranteed, and the SEC could delay the ETF. But one thing is certain: Sei is no longer in the shadows. It has risen to become a very closely watched player in the crypto galaxy.
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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
