Sei hits 621K wallets and $930M TVL, but 2 areas suggest caution

Sei network has reported 621,000 active wallets and 1.17 million transactions daily, demonstrating significant user adoption. Despite reaching a Total Value Locked of $930.59 million, a slight decrease of 0.36% occurred in the last 24 hours.

The trading volume on Sei’s decentralized exchange has fallen to $98.48 million for the week, indicating potential cooling in trading momentum. Additionally, stablecoin liquidity decreased to $202.18 million, raising questions about liquidity health in the ecosystem.

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