Messari releases Sei Q1 report: TVL up 714% month-on-month, SEI price up 37% month-on-month
On June 4, Messari released the Sei 2024 Q1 status report, with the following key points:
-TVL (USD) increased 714% month-on-month to $46 million, significantly outpacing price growth. Sei Eco Head DEX Astroport TVL increased 468% month-on-month;
- SEI's prices rose 37% month-on-month, despite a 32% decrease in revenue (in USD). Revenues were particularly high in the fourth quarter of 2023 due to inscription activity;
- NFT sales, independent buyers, and independent sellers grew by 2936%, 2429%, and 2419% month-on-month, respectively. MRKT led the growth of the NFT market.
- Launch of liquidity staking protocols SiloStake and Kryptonite, enabling 8.40 million SEIs to participate in liquidity staking;
Sei's open-source Parallel Stack, announced in March, plans to enable developers to launch a modular L2 blockchain as a parallel EVM execution layer.