Sei's native token, SEI, has surged over 50% in the past week, outperforming all other top-100 tokens by market cap. This rally is attributed to the Wyoming Stable Token Commission naming SEI as the settlement layer for its dollar stablecoin pilot, a version 2 airdrop snapshot, and increased staking returns. Analysts note a $3 million inflow into centralized exchanges (CEX) and a total value locked (TVL) increase to over $540 million. The influx into SEI-based decentralized exchanges (DEX) has also risen, indicating positive market activity. However, experts caution that rising funding rates or increased open interest could signal over-leveraging. Despite these concerns, the momentum is expected to continue into July due to strong fundamentals and clean on-chain flows.

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