Sei Soars 22% to 5-Month Peak as USDC Integration Fuels Rally

Another day, another crypto pump—but this one's got institutional fingerprints all over it.

The Sei network just pulled off a 22% moonshot to its highest price since February, proving stablecoin integrations still move markets like clockwork. USDC's arrival on the chain triggered the surge, because nothing gets degens excited like fresh fiat on-ramps dressed up as innovation.

Behind the numbers: Traders are betting big on Sei's liquidity boost from Circle's dollar-pegged token. Never mind that every chain from Ethereum to Solana already did this dance years ago—in crypto, being fashionably late still pays.

One cynical take? The rally proves VCs will chase any narrative that hasn't been completely arbitraged out yet. But for now, the charts don't lie: Sei's riding the stablecoin wave straight into the profit zone.

The SEI token reached its all-time high of $1.14 in March 2024.

Sei gains amid stablecoin traction

On July 10, the Sei Development Foundation announced a major milestone for the LAYER 1 blockchain network, a step it said is more than transformative.

A year after its Sei V2 network launched, the ecosystem has seen a nearly 800% spike in total value locked and over 3,600% surge in daily ethereum Virtual Machine transactions.The L1 has also attracted a huge number of developers.

Stablecoin integration is what sets Sei ready for the next level of growth – from a high-performance network to the crypto and financial markets’ cross-chain liquidity hub. 

Putting Sei on the map is its integration of native USDC (USDC), the stablecoin’s native access coming at a time Sei has notched a 100% rise in stablecoin TVL. This aligns with a 300% spike in stablecoin transactions, notably pushing monthly stablecoin transactions to approximately 240 million since January 2024. 

Stablecoin TVL on Sei has grown by over 100% in the past 4 months.

Just the start.

($/acc) pic.twitter.com/zcupEx0mRs

Also launching on Sei is Circle’s cross-chain transfer protocol.

CCTP V2 will help unlock the next phase of cross-chain value. Other than a fresh institutional on/off-ramp, native USDC means Sei growth as it becomes a key player in decentralized finance, gaming and payments and more.

“Native USDC turns Sei’s high-speed infrastructure into trusted financial rails, ready for institutional scale,” the Sei team noted.