SEI price jumped 13.31% on Wednesday morning to $0.0716, making it the top gainer on CoinGecko’s top-100 list. The Sei Network celebrated its third anniversary with a major event: the v6.4 upgrade, which set a new record for block time at 0.36 seconds.
Trading volume backed up the price move, with 24-hour turnover rising 194% to $149 million. This pushed the volume-to-market-cap ratio to 28.96%. At the time of writing, the SEI’s market cap was $508 million, well below its $2.8 billion peak in late 2024.
Derivatives trading volume reached $190.78 million today, up 133% from the previous day. Open interest also rose 15.29% to $85.91 million, which is still well below the $400 million peak seen in mid-2025.
Sei Network Sets Block Time Record With v6.4 Upgrade
The SEI price climbed after a record block time was set on May 20. Co-founder Jay Jog explained that the v6.4 upgrade reduced the work per block and made execution and state handling more efficient. This is important for traders because market makers on order-book exchanges reprice every block.
So, with a block time of 0.36 seconds, which is faster than the 400ms threshold for human perception, the time between submitting and settling orders is short enough to keep order-book execution fast. Together with Sei’s instant finality, this speed helps the order book design support high-frequency trading.
Meanwhile, on-chain data shows mixed results. TVL is $64.2 million, up 0.8% over the past week. However, daily EVM transactions dropped 13.8% to 606,200, and active EVM addresses fell 8.6% to 596,400. Since launch, Sei has processed 2.6 billion transactions.
Over the longer term, the SEI price remains under pressure. The token is down 34.76% year-to-date, 47.90% over the past six months, and 67.19% over the past year. In the short term, though, the price is recovering, up 16.13% in the last month and 21.27% over the past week.
SEI Price Outlook
Data shows SEI coin traded between $0.06272 and $0.07192 during the day, with the RSI moving into overbought territory on shorter timeframes as buyers steadily entered the market.
On May 26, Trader Don shared a chart with his 233,000 followers on X, calling $0.10 a magnetic target and pointing to a reference line at $0.103. Hitting this target would mean a gain of about 39.7% from the current price.
This seems likely soon, as the coin is already up over 20% in the past week. The breakout happened in the last 24 hours, so there may be more room for gains before the weekly close. Top trader accounts on Binance are still long at a 1.8369 ratio, according to Coinglass data.
SEI coin’s all-time high was $1.14, set on March 16, 2024. The current price is 93.7% below that, while the all-time low of $0.007989 from August 2023 marks the downside range. Current technical data points to $0.10 as the next major resistance level.
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