Returning to key DeFi metrics on @SeiNetwork:
The TVL on Sei has reached a new all-time high of $566.78m, slightly surpassing the previous peak from May 25.
A more encouraging sign is the DEX volume, which exceeded its previous peak during the last week of November 24 and has stayed above $250m for 2 weeks.
Which ones are attracting the most volume?
+ @dragonswap_dex - native DEX - rushing for their $DRG TGE
+ @SailorFi - native DEX - offering 3-digit APY pools on Sei, including SEI/USDC and SEI/WETH
+ @YeiFinance - native lending - gaining attention for Yei x Binance Wallet's high APY for $SEI staking
Sei is heating up significantly.
A strategic shift: @SeiNetwork is moving toward TradFi
Why this matters?
+ TradFi is the foundation upon which modern finance, including DeFi, is built.
➜ Rather than existing in opposition, DeFi should tap into TradFi's infrastructure and capital flows. The synergy between the two can unleash a new wave of innovation and adoption.
+ The numbers speak volumes: TradFi holds a staggering $80 trillion in value, while DeFi commands only $84.5 billion. The opportunity to bridge this gap is immense.
Besides the WYST stablecoin, $SEI contributed 6.25 million tokens within the balance sheet of @circle.
Circle has successfully entered TradFi.
It's now time for Sei to bloom.
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