Sei Stablecoin Volume Skyrockets, Reaching $13.8 Billion

Sei Network has achieved significant growth in stablecoin volume, processing nearly 7 million monthly transactions and reaching a remarkable $13.8 billion in adjusted volume. This surge is driven by DeFi activity and the increasing adoption of Sei’s platform. Notably, the network witnessed a supply decline despite growing active addresses and expanding its ecosystem. The token unlock event added $12 million to supply and triggered volatility due to its impact on price action.