Binance Japan to add SEI, the token's first Japanese CEX listing
Sei Network Overview - January 13, 2025
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By the Numbers
$SEI token price: $0.35 (-23.91%)
Market cap: $1.47B (-24.62%)
Sei Total Value Locked (TVL): $206M (-11.02%)
Daily average transactions: 4M (-4.76%)
Daily active addresses: 312.6K (-31.57%)
Total wallets: 11.9M (+8.68%)
Real-time transactions per second: 51.04 tx/s (+11.03%)
Block time: 0.47s
The percentages and metrics are calculated from its change over a 7-day time frame, unless noted otherwise.
Sei Showcase
Highlighting some of the biggest announcements from Sei.
💨 What’s happening: Binance Japan announced that it will add SEI to its platform on Jan 16, making it the first time the token has been added to a Japanese exchange.
💨 Why it matters: The addition of SEI to Binance Japan means traders in that country will be able to access it in a more streamlined fashion. For tokens that are only obtainable via decentralized exchanges, this limits the possible reach for a cryptocurrency because of the amount of steps to obtain it. With the addition of Binance Japan, users will be able to buy the token via a more mainstream method.
When it comes to Binance listings, each coin goes through a process for approval, in hopes of having more reach to retail investors. In this case, Binance Japan’s addition of SEI is important for user attention, but also for regulatory reasons. For context, to get listed on Japanese exchanges, a token needs to be verified via The Japanese Financial Services Agency (JFSA). Since Binance Japan listed SEI, it means it passed JFSA standards, which could lead to other Japanese exchanges listing the token too and expanding its reach.
💨 The bigger picture: This could move SEI’s price and increase its holder base. SEI’s listing on Binance Japan will also be supported with multiple trading pairs: the Japanese yen, bitcoin and BNB.
Historically, data has shown tokens that get listed on Binance can surge in price because of the reach the exchange provides. More than 60% of tokens reached new all-time highs post-Binance listing, according to a study done by Chain Catcher. But, with gains, there’s often corrections too, so buyers should do their own research.
As for an increase in SEI tokenholders, if more users have access to a coin, there will be more potential buyers who could enter the market. For SEI, these tokenholders could also seek out opportunities to engage with the underlying blockchain that’s associated with the token, thus driving more activity onchain.
Overall, the more regulated, prominent exchanges a token gets listed on, the better the narrative is for it. It could drive demand, simply because more buyers are entering the market.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Kaito integrated Sei into its platform, allowing users to earn rewards for posting on X
Archer Hunter hit 97.5K unique active wallets across a 7-day period, up 32% WoW, according to DappRadar data
Turnkey integrated its Embedded Wallet Kit onto Sei for developers to embed them into apps in a more streamlined way.
Yaka Voyager saw 5.3K SEI in volume over the past 7 days, increasing its floor price by 123%, MagicEden shows
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Listen to this X space hosted by Sei community member NiFTYQ discussing the state of the markets
Read this thread detailing Synnax’s syUSD stablecoin on Sei, by X user GigaKosa
Yei launched Yeida Academy, the platform’s study-to-earn program where users can learn about the protocol and earn rewards
Round 5 of Sei Creator Fund is returning Jan. 13 - see details here
Lock in to the ecosystem
Want to get involved in the ecosystem? Find the latest job postings here or get involved with an activation below.
Flipside added quests for Sei community members to earn rewards - participate here
Galxe is rewarding users for playing games on the Sei Network - see here
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.