Sangeet
@cryptoitinerant
🚨 SEI’s Silent Surge 🚨 In the last month, $SEI is up nearly +48%, breaking into the Top 13 chains by DeFi TVL. But is this the start of something big—or just a hype cycle in disguise? Let’s break it down using DeFiLlama, Dune & Santiment 📊👇
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Sangeet
@cryptoitinerant
🔥 What’s Working for SEI ✅ TVL Soaring: Now over $1.2B, with Yei Finance alone locking ~$960M. Other protocols like DragonSwap, Sailor, and Silostake are heating up.
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Sangeet
@cryptoitinerant
📈 DEX Volume 3x’d Since June • DragonSwap hit $40M+ daily on peak days • Volumes rising steadily = organic liquidity or clever incentives?
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Sangeet
@cryptoitinerant
🎮 Gaming = Real On-chain Usage Titles like Piratopia and Drift Zone are pushing DAU and TXs up. Not just DeFi apes—users are playing, spending, staying.
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Sangeet
@cryptoitinerant
🔑 EVM Wallet Activity Popping Off Dune dashboards show 300K+ daily wallet activity. Not just drive-by farmers—stickier engagement showing up.
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Sangeet
@cryptoitinerant
🧱 Infra That Delivers SEI’s “Twin-Turbo” engine = ⚡ 4K+ TPS ⚡ <1s finality ⚡ Near-zero gas fees Perfect for DeFi + Gaming dApps.
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Sangeet
@cryptoitinerant
🟥 But There Are Red Flags… 🚨 TVL Overconcentrated Yei = ~78% of total TVL. One exit = TVL collapse risk. Not ideal for decentralization or resilience.
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Sangeet
@cryptoitinerant
📉 Dev Activity Falling Santiment shows dev commits are down—even as price rises. Bearish divergence? Builders need to stick around.
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Sangeet
@cryptoitinerant
💰 Weak Protocol Revenue Most SEI dApps pull in < $300/day. Great usage, but monetization still lagging. Can they convert?
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