SEI Shows Strong Usage Growth But Struggles With Capital Stickiness

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What is driving Sei’s recent performance? Daily active addresses surged 93.5% to 824K, and transactions hit 2M per day, up 87.1%. Gaming activity led the charge with 116M transactions. TVL, however, fell 25% to $455.6M. DeFi protocols like YeiFinance and TakaraLend showed mixed results. Liquid staking competition is pushing users toward better redemption options. Token performance is improving, with lower unlock pressure and higher staking APY.
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