Circle’s USDC comes to Sei, expanding stablecoin interoperability

Sei Network Overview - July 14, 2025

Welcome to the Sei Overview. We’re creating the best place for the Sei community to get the latest updates, metrics, insights on the blockchain, its ecosystem developments and more – all in one place. Every Monday.

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By the Numbers

• $SEI token price: $0.33 (+32%)

  • Market cap: $1.84B (+30.5%)

• Sei Total Value Locked (TVL): $652.1M (+4.25%)

• EVM daily average transactions: 1.5M (-6.25%)

• EVM daily active users: 665.2K (-4.94%)

• Total wallets: 38.02M (+7.4%)

• Real-time transactions per second: 71.72 tx/s (+17.44%)

  • Block time: 0.48s (-9.43%)

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: Native USDC and its Cross-Chain Transfer Protocol (CCTP) is coming to the Sei network. 

💨 Why it matters: The integration of Circle’s native USDC provides Sei users a path for low-cost transfers across the 23 other blockchains it has already integrated. Unlike bridged assets, native USDC on Sei is fully ERC-20 compatible, unlocking interoperability for DeFi protocols and payment solutions globally.

In regions with underdeveloped financial systems that may impose high fees and delays for money transfers, Sei’s infrastructure can facilitate near-instant USDC transfers. This empowers individuals and businesses with faster, cheaper access to funds for daily needs.

For CCTP V2, the integration amplifies Sei’s blockchain technology by enabling programmable cross-chain USDC transfers. The CCTP enables USDC to flow natively across blockchains, unifying liquidity and simplifying user experience. In turn, it allows Sei developers to build scalable applications such as instant settlement systems or automated financial tools. 

💨 The bigger picture: The rise of stablecoins across the broader crypto industry reflects a shift toward digital currencies as a cornerstone of global finance. Unlike traditional paystem systems, stablecoins have become a preferred choice for retail, institutional and governmental use because of its low-cost, near-instant transactions without the volatility of other cryptocurrencies. 

Beyond Sei, stablecoins are enabling new use cases like tokenized settlements and banking-like access to the unbanked. Since stablecoins provide scalable, secure and efficient payment rails, Sei’s role as a cross-chain liquidity hub can enable developers to build innovative financial applications.

As stablecoins continue to gain traction and Sei rolls out its Giga upgrade, the two can become a default settlement layer for global transactions.

Accelerating Sei’s blockchain 

Updates on the latest games, validators, builders and more that are helping Sei expand

• The top three protocols on Sei by TVL all reached new highs, DefiLlama data shows:

  • Yei Finance hit $401.1M, up 36% on the month

  • Takara Lend reached $97.61M, up nearly 84% on the month

  • Sailor rose 9% on the month to $84.1M 

• Sei recorded 372.2K new users on the network on July 7, a new high on the year, according to Artemis data

• Yaka Finance launched its bridge mechanism in collaboration with deBridge for users to move assets in and out of Sei 

What’s the community Sei’ing 

Highlighting the builders, users and ecosystem players within the Sei blockchain.

• Unique active wallets for Kawaii Puzzle rose 54% to 637.42K, DappRadar data shows

• See details about Tea-Rex’s Waterhole Surge to provide its WSEI and USDC lending pools increased SEI token rewards 

• Listen to an X space about the Sei ai/ccelathon and what applications the community wants to see

• Jellyverse shared its launching an NFT collection on July 22

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. 

• Apply to the Sei ai/accelathon, a DeFi and AI focused hackathon with up to $1M in prizes, powered by the Sei Development Foundation and others

• Dragon Swap held its token generation event on July 8 - learn about the protocol’s journey on Sei 

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This product was built by Token Relations. 

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.