Key Points
- SEI price surged by over 24% today, reaching a market cap of over $1.6 billion.
- The team at Sei announced that Seiyan ETH and Supeer Seiyan ETH incentives are live.
Today, the price of Sei (SEI) surged significantly and the token reached a market cap of over $1.6 billion.
At the moment of writing this article, the SEI token is trading at $0.46, up by over 24% in the past 24 hours. Earlier, the coin reached a price above $0.47.
SEI’s ascendant trajectory has continued over the past month with the token recording a surge of over 30% in the last 30 days.
Yield-Generating Sei Integrations
On September 24, the team behind Sei revealed in an announcement via X that Seiyan ETH and Super Seiyan ETH, the new yield-generating LSTs from Nucleus and Dinero have been relentlessly making their way into the Sei ecosystem.
Nucleus is a yield provider for networks and Dinero is the yield baseplate of Ethereum.
Sei continued and said that with a new integration with Jellyverse, fresh incentives are now live. Jellyverse is a DeFi ecosystem bringing synthetic RWAs to users.
New Integrations Opportunities
According to their X announcement, Sei’s new integrations allow for the following new benefits:
- New opportunities with Dinero for Seiyan ETH ($sETH) and Super Seiyan ETH ($ssETH), as incentives are now live – users can hold ssETH or provide liquidity with sETH/WETH and ssETH/WETH on Jellyverse to earn DINERO and SEI, along with boosted Nucleus points.
- New opportunities with Nucleus for ssETH – ssETH will be incentivized with SEI, DINERO, and Nucleus points as well.
Nucleus noted that a set amount of the tokens will be distributed among all ssETH holders on a bi-weekly basis.
It’s also worth noting that Jellyverse has launched new ETH pools in collaboration with Nucleus and Dinero.
What is Sei (SEI)?
Sei is the first sector-specific L1 blockchain. It’s a new approach within the blockchain sector that’s specifically designed to boost the functionality and performance of DEXes.
Sei focuses on optimizing trading processes and offers exchanges a significant competitive edge. The platform is designed to meet the high demand for DEXes.
Sei is also committed to sustainability, aiming for carbon neutrality which supports the growing trend of crypto towards environmental responsibility.
SEI is the native token of the Sei blockchain network.
