Sei Network Opens Japan Market with $626 Million TVL

Updated

July 10, 2025

Gambar Sei Network Opens Japan Market with $626 Million TVL

Jakarta, Pintu News – Sei Network has been in the spotlight of market participants and DeFi enthusiasts in the United States after their Total Value Locked (TVL) surged past the $626 million mark. This marks a significant growth from only around $60 million at the beginning of 2024, indicating new fund flows and an increase in the number of users investing assets on the blockchain.

TVL Sei Network Growth

$SEI just set a new all-time high for Total Value Locked, climbing past $625 million. 📈

More capital flowing in, more on-chain activity picking up – the SEI ecosystem’s clearly pulling in fresh attention. pic.twitter.com/xqruXfoqVn
— Kyledoops (@kyledoops) July 7, 2025

According to data from DeFiLlama, the TVL on Sei Network saw a surge from around $60 million in January 2024 to nearly $700 million at its peak. This represents almost 10-fold growth within six months, a rare achievement in today’s tight market. Based on reports from crypto enthusiasts at X, this kind of TVL spike is highly uncommon and has caught the attention of many.

This growth not only shows an increase in the amount of funds locked up, but also attracts more users and developers to the Sei Network ecosystem. This increase also marks Sei as one of the fastest growing blockchains in the DeFi world, which was previously dominated by big players such as Ethereum and Solana .

Also Read: Ethereum Transformation Secrets – How Big of an Impact on Cryptocurrency Prices?

On-Chain Activity Increases

Kyledoops, a crypto watcher, reported that the number of daily transfers and smart contract invocations on Sei Network continues to rise. “Incoming capital and on-chain activity continue to grow,” he wrote. This shows that not only is TVL growing, but also the actual use of the blockchain in everyday transactions.

Some market observers noted that some parts of the ecosystem experienced TVL spikes of 10-50%, with some protocols recording even larger increases. This increase comes at a time when many other DeFi projects are struggling to grow, demonstrating Sei Network’s uniqueness and appeal in a competitive market.

Japan’s approval brings new investors

$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 🤝
— Gordon (@AltcoinGordon) July 4, 2025

A significant boost came when Sei Network received approval from the Japan Financial Services Agency (JFSA). This approval paved the way for Sei to operate in one of the most restrictive crypto markets in the world. Artemis Analytics noted that daily active addresses reached a two-year peak after getting the green light from the JFSA, indicating high interest from institutions.

These institutions began to look at trading and storage options in Tokyo, adding more legitimacy and trust to Sei Network. This agreement not only increases TVL, but also opens up huge new market opportunities for Sei Network in Asia.

Conclusion

With significant growth in TVL and on-chain activity, as well as notable approvals from Japan, Sei Network is demonstrating its potential as a major player in the global DeFi market. Going forward, Sei Network will likely continue to attract more users and investors, as they continue to develop and innovate their platform.

Also Read: Here are the Shocking Facts Behind Altcoins: Can it really be more profitable than Bitcoin?

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