Sei Network Smashes $626M TVL Milestone While Securing Coveted Japan FSA Nod

Move over, legacy finance—Sei Network just flexed a $626 million war chest while cracking Japan's notoriously tight regulatory code.

Tokyo's Financial Services Agency (FSA) greenlight turns this Layer 1 into one of the few blockchains with both institutional liquidity and a government stamp. Not bad for a protocol that didn't exist when your boomer fund manager still thought Bitcoin was 'just a fad.'

The TVL surge proves traders are voting with their wallets—even as traditional VCs keep writing checks to Web2.5 'solutions' nobody uses. Meanwhile, Sei's validator count keeps climbing while its competitors' governance tokens collect dust.

One question remains: When will the suits realize permissioned DeFi always wins?

• Sei Network TVL skyrockets to $626M, marking a tenfold increase since early 2024, per DeFiLlama data.
• Japan’s Financial Services Agency grants regulatory approval, and SEI gains entry into a significant world crypto market.
• SEI price surged 100% in June on the back of a U.S. stablecoin pilot, SIP-3 EVM transition, and ecosystem traction.

The Sei Network (SEI) achieved significant momentum in the cryptocurrency arena, hitting a new high as its Total Value Locked (TVL) exceeded $626 million. This surge is a testament to the ongoing ascending strength of the Sei network and its growing capability to contend against key blockchain networks such as Ethereum and Solana in the increasingly dynamic decentralized finance (DeFi) environment.

The surging TVL growth in Sei mirrors a broader pattern of rising capital flow and usage by users within the system. According to crypto observer Kyledoops, Sei Network is garnering new attention with rising on-chain activity and increased investor focus. “More and more capital flowing in and more on-chain activity on the rise, the SEI ecosystem is commanding new attention,” he noted in an X (formerly Twitter) comment.

Statistics provided by DeFiLlama show that the TVL of Sei grew from around $60 million in early 2024 to nearly $700 million, a rocketing growth that is extremely rare for blockchain projects within a similar time range. Using other chains as a basis, one of their users, a user named Ronin on X, pointed out, “Their TVL grew 10-50%. Special cases, if more.” The explosive growth of DeFi has singled out Sei in a sluggish market environment.

Behind this drive is the newest Japan regulatory milestone by SEI Network. The platform received approval from the Japan Financial Services Agency (JFSA), hence entering one of the most heavily regulated and influential crypto markets globally.

$SEI just received approval from Japan’s FSA

It is required in Japan to be listed on exchanges so quite important.

Once XRP received this, it had a HUGE rally 👀@SeiNetwork 🤝

Following this development, Artemis Analytics reported that the day active addresses on the Sei blockchain had reached a two-year high, as a result of rising investor sentiment and institutional activity.

Sei Network Surges 100% Despite Market Volatility

June saw a price increase of over 100% for SEI, following a U.S. government-funded stablecoin pilot announcement, increased institutional coverage, and a proposal for SIP-3 by SEI Labs. SIP-3 WOULD see the entire Sei Network transferred to an EVM-only chain, removing CosmWasm and native Cosmos-chain support.

This shift would simplify interoperability and make the network more compatible with the broader ethereum ecosystem. Though these bullish indicators are in place, SEI has had its fair share of market fluctuations. In its current state, the token is exchanging hands at $0.2649, a 78% depreciation from its all-time high price in March 2024.

In a technical analysis by ChiefraFba, a key 8-hour chart support is found at the price of $0.2540. It could break and witness the token depreciate further to a price of approximately $0.2000, which would challenge short-term investors.

Analysts are still optimistic about Sei’s long-term future, though. Record TVL growth, regulator approval, and infrastructure build-out make a case for Sei Network as a contender in a future blockchain innovation wave. When its ecosystem continues to expand and adoption becomes more holistic, SEI may still return to a positive trend in 2025 and beyond.