Welcome to the Sei Overview. In this edition, we explore Kindred Labs’ new platform with LINE Friends, RWA user activity growth, and onchain trading campaigns.
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By the Numbers
$SEI token price: $0.06 (+7.3%)
Market cap: $402.2M (+7.3%)
Sei Total Value Locked (TVL): $61.3M (+1.23%)
Daily EVM transactions: 861.8K (+12.3%)
Daily EVM active addresses: 610.7K (-7%)
Block time: 0.52s (+8.3%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: Kindred Labs has partnered with IPX, a subsidiary of South Korean conglomerate Naver, to bring the LINE FRIENDS portfolio of characters to Kindred’s new AI companion platform.
💨 Why it matters: The partnership gives Kindred access a portfolio of characters that have a large following in South Korea, including LINE FRIENDS, BT21, and ZO&FRIENDS. These characters are inspired by stickers on Naver’s various app as well as the Line messaging app.
With this deal, IPX will add its portfolio of characters to Kindred’s assortment of licensed characters like Pudgy Penguins, Teletubbies, Tezuka's Astro Boy, and Winx.
When installed, Kindred's AI companions will appear on users' screens, on both desktop and mobile, and function as personal assistants. The company plans to add support for smart glasses as well.
Kindred’s direct partnership with IPX may prove a useful stress test because LINE Friends, especially the character BROWN, has been around for 15 years, and has a global fan base. The partnership will produce a clear signal on whether character-led AI can work outside crypto-native audiences.
💨 The bigger picture: Sei has been positioning itself as a hub for tokenized real-world assets and the AI agent economy. The RWA side has institutional signals from BlackRock, Apollo, and Ondo Finance's USDY deployment. The AI side has been thinner on consumer proof points, so Kindred’s partnership with IPX can serve as a Sei-native product built for mainstream users rather than crypto natives.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Yei Finance has frozen frxUSD, sfrxUSD, frxETH, sfrxETH, wstETH asset pools on its lending protocol in response to the $293 Kelp DAO exploit last week
RWA active addresses on Sei grew 302% throughout April to 201 after Ondo expanded its USDY fund
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Lock in to the ecosystem
Want to get involved?
Check out the latest jobs at the Sei Development Foundation and Sei Labs
Participate in Sei’s Nitro campaign to earn a piece of a $270K rewards pool for lending USDC on Yei Finance
Register for Helium Wars’ gaming tournament for college and university students
That’s all for this week.
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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.