“`html
What happened?
The Sei blockchain has become the top chain in web3 gaming, with gaming transaction volumes reaching $469 million over the past week. Despite this activity, the SEI token is trading at $0.2835 and has gained only 1.28% in the last 24 hours. Although the Sei network’s influence in gaming and DeFi sectors is growing, the current price of the SEI token might be undervalued compared to its performance in 2024.
Who does this affect?
This primarily affects investors and developers involved with the Sei blockchain, as well as gamers engaging in blockchain-based gaming. The rapid growth in gaming on Sei impacts gaming developers who benefit from increased activity and engagement. Furthermore, investors interested in the SEI token are affected due to the discrepancy between the network’s growth and the token’s current value.
Why does this matter?
The rise of Sei as a leading blockchain in gaming indicates significant market potential, which could attract more investments and partnerships. The increasing total value locked (TVL) and transaction volume highlight the robust growth of the Sei network, potentially driving future market price appreciation of the SEI token. This could also influence broader market adoption of blockchain technology in gaming, providing new investment opportunities for market participants.
“`