Sei’s USDC Surge: $160M Floods In During 14-Day Frenzy—Is This the Stablecoin Breakout?

Move over, slowpokes—Sei's ecosystem just absorbed $160 million in USDC like a blockchain sponge. Traders are voting with their wallets, and the verdict is clear: this isn't your grandpa's stablecoin adoption curve.

Behind the numbers: The chain's liquidity pools now resemble a Wall Street happy hour, with institutions and degens alike chasing yield. Meanwhile, legacy finance still can't decide whether to regulate stablecoins or copy-paste Sei's playbook.

The kicker? This liquidity tsunami hit right as TradFi banks reported another quarter of 'innovation'—aka raising overdraft fees. Some things never change.

• Sei sees $160M USDC adoption in two weeks, surpassing many established blockchain networks.
• The TD Sequential indicator signals a potential bullish reversal for the SEI price in the near term.
• Derivatives activity eases slightly, with investors showing neutral leverage sentiment.

Sei (SEI) is progressing smoothly in the cryptocurrency space, boosted by fast-rising stablecoin adoption and a latest technical signal predicting further appreciation.

At the time of writing, Sei is trading at $ 0.3144 with a 24-hour trading volume of $ 333.20 million and a market cap of $ 1.80 billion. Sei Price increased 0.83% in the last 24 hours.

USDC Growth on Sei Surpasses Expectations

Sei Network recently revealed that Circle’s early investment in Sei has led to one of the fastest adoption rates of USDC in the blockchain sector. In just two weeks, over $160 million of native USDC has been minted across the network.

Circle’s early investment in Sei has been followed by one of the fastest USDC adoption curves in the industry.

In just 2 weeks, $160M+ native USDC has been minted, surpassing multiple industry leaders & climbing.

Sei is becoming a preferred base LAYER for stablecoins.

($/acc) pic.twitter.com/dtbRhYfYsX

This rate of expansion has already positioned Sei ahead of several other established blockchain networks in the issuance of stablecoins. Rapid adoption underscores Sei’s growing significance as a base blockchain used for stablecoins, with strong potential to underpin decentralized finance (DeFi), cross-border payments, and other blockchain-based financial services.

Crypto analysts note that such fast USDC adoption may make Sei more appealing to developers and companies seeking cost-effective, efficient, and scalable payment and settlement infrastructure.

Analyst Sees Bullish Signal for SEI Price

Prominent crypto analyst Ali Martinez has also pointed to Sei’s recent market behavior. According to him, the TD Sequential indicator, a tool used to identify potential price reversals, has proven very reliable at tracking SEI’s movements over the last two weeks.

According to Martinez, the indicator only recently gave a buy signal, and if current market forces continue, a price reversal could be expected in the NEAR term. This aligns with emerging sentiment that Sei’s recent move, specifically the USDC adoption surge, is likely to spark stronger price action in the short to medium term.

SEI Derivatives Market Cools Amid Lower Trading Activity

SEI’s derivative market retreated slightly, with volume declining by -1.67% to $455.04 million and open interest falling by -1.60% to $285.32 million. The retreat indicates lower short-term speculation, but positions remain steady.

OI-weighted funding rate was stable at 0.0010%, indicating a neutral leverage sentiment throughout the market. This neutrality indicates market participants are awaiting clearer guidance on costs before entering aggressive positions.