SEI Surprises the Entire Market with an Incredible 42% Rise in One Day. What is happening?

  • TL;DR SEI jumped over 42% in the last 24 hours, trading at $0.2788 with a market cap of $1.54 billion. Its DeFi total value locked (TVL) soared by 26% to $535 million, nearing its record high. This surge came alongside a broader market rebound fueled by macro developments, strong on-chain growth, and increasing futures interest.