SEI, an Ethereum competitor launched in August 2023, is compatible with the ETH ecosystem using the Ethereum Virtual Machine (EVM). It is custom-built with special integrations to support decentralized exchange (DEX) formats. Built on the Cosmos Tendermint platform, SEI secures records using a Delegated Proof of Stake method, making it a super-fast system for blockchain settlement.
One crypto enthusiast on the X app wrote, “I’ve been saying this for weeks $SEI really giving those early $SOL vibes. Can’t ignore that momentum.” This sentiment reflects the growing interest and optimism surrounding SEI’s potential.
The Sei economy has a limited supply hard-capped at 10 billion tokens, with the current circulating supply just south of 6 billion. This token scarcity is a support factor in its price growth, similar to other cryptocurrencies like Bitcoin, Bitcoin Cash, and Litecoin. Over the past 30 days, SEI has seen a price increase of more than 111%, making it one of the best performers among the top 100 coins by total market capitalization. In comparison, Ethereum prices posted 20% returns over the past seven days and around 42% for the 30-day window, with a surge in leveraged trading.
There are several bullish signs that SEI could outperform Ethereum in Q3. First, SEI’s technical setup on the price chart is promising in July. The graph appears to be forming a 5-month cup and handle pattern, which often signals a rally. Last week, the handle formed and launched into a bullish test of the Jan. 30 price level around $0.34. This pattern is visible on the chart despite its outer bounds being marked only by brief tests of support by market bears.
Second, the integration of Circle’s USDC stablecoin on the SEI platform is a major impetus for the delta on SEI returns. SEI is a Layer-1 blockchain currency and an Ethereum rival for smart contract development and decentralized finance (DeFi). The addition of a $60 billion market cap stablecoin excited SEI bulls, as it opens up massive liquidity channels for SEI markets and makes it easier for institutional investors to work with.
Third, the strong fundamentals of SEI in Q3 2025 are backing the narrative that it’s the next DeFi project to deliver significant gains. In the first week of July, the total value locked (TVL) for SEI coins staked to secure the currency’s blockchain and stabilize its market hit a new all-time high, clocking in above $625 million. This prompted popular Crypto Banter host Kyledoops to write, “More capital flowing in, more on-chain activity picking up – the SEI ecosystem’s clearly pulling in fresh attention.”
Additionally, Yei Finance, an automated money markets platform built on SEI, eclipsed the $400 million mark in total value locked on July 11. Between SEI and Yei, that’s now over a billion worth of currency locked into the SEI ecosystem in July. These developments suggest that SEI has the potential to outpace Ethereum’s price growth in the coming quarter, driven by its technical setup, integration of USDC, and strong fundamentals.
