What a powerful week for @SeiNetwork.
It seems the Sei team has foreseen the approval of GENIUS Act, significantly impacting the $250b stablecoin market.
➜ Reflecting in the adoption of $USDY - a smart move that aligns perfectly with the Act's requirements:
+ Strong backing: Short-duration US Treasuries and USD, in agreement with the Act
+ Yield-bearing token with a current 4.29% APY
USDY is expected to boost DeFi metrics on Sei even further.
In addition to the $679.5m TVL, gaming on Sei is also reaching new heights:
+ 10.55m Unique Active Wallets (UAW) over 30 days
+ $19.01m in dApp volumes over 30 days - an increase of 2,462%
Top 5 games on Sei account for 65% of total UAW. Users on Sei can avoid fragmentation by focusing on these top games.
Expecting a strong boost when USDY goes live on Sei.
Between Crypto Week on Capitol Hill, tokenized US Treasuries coming to Sei, and sustained momentum across DeFi and gaming, this week had it all.
Here’s what you need to know👇
🔴 @OndoFinance is bringing USDY, a market-leading tokenized treasury product, to Sei:
🔴 The GENIUS Act was signed into law, providing long-sought regulatory clarity for stablecoins:
🔴 @splashing_xyz went live, a new LST protocol on Sei:
🔴 @TakaraLend has grown to over $100M in TVL:
🔴 Sei is the number one gaming chain, with 10M users across the 30-day timeframe, per @DappRadar:
🔴 @OSP_TD, a first-person shooter + tower defense game, opened its alpha access:
🔴 @grandgangstaci’s mobile game, West Land Arena, went live on the Google Play Store:
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