Sei, a layer 1 blockchain launched in August 2023, has seen its native SEI token surge by 85% over the past week, driven by several key factors. First, the Wyoming Stable Token Commission has selected Sei and Aptos as the top candidates for its WYST stablecoin pilot, a pioneering venture by a U.S. state. Additionally, Sei is gaining momentum as it manages 6.25 million SEI, valued at $1.9 million, amid recent developments regarding an ETF by Canary Capital. Sei’s total value locked (TVL) is approximately $564 million, with a significant portion in Yei Finance. Notably, 34% of the Web3 gaming market share is held by Sei, indicating its strong niche in gaming. Prominent games like World of Dypians, Archer Hunter, and Hot Spring occupy the top spots in terms of active gameplay. Furthermore, Sei's technological capabilities, including the upcoming 'Giga' upgrade aimed at enhancing transaction capacity to 200k TPS, contribute to its growing reputation.

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