Sei news

Sei Network's cumulative decentralized exchange (DEX) volume has reached $15.9 billion as of October 19, 2026, nearing the $16 billion mark. In the past 30 days, Sei recorded $278 million in DEX volume, with the leading exchange Saphyre accounting for about $276 million, while all other DEXs combined handled roughly $2 million. The network's 24-hour DEX volume stands at $6.61 million, up 15.41% weekly, and total value locked is approximately $31.71 million. Saphyre, which evolved from DragonSwap, has processed over $6.6 billion in DEX volume on Sei, representing more than 40% of the network's all-time trading. Sei passed $4 billion in cumulative DEX volume by early 2025, and the figure has nearly quadrupled in under two years. The Pacific-1 mainnet launched in August 2023 alongside the SEI token airdrop, and Sei Labs raised close to $35 million from investors including Multicoin Capital and Coinbase Ventures. The concentration of trading activity in a single venue poses a risk, as monthly volume is heavily dependent on Saphyre's operation. The TVL base is small relative to volume, and the weekly uptick in daily volume is a modest positive signal, potentially increasing SEI transaction fees and network activity.

SEI has become the fifth crypto asset to gain CFTC-regulated perpetual futures on a US platform, following the certification of US dollar-settled contracts by OG.com Markets (formerly CDNA, a Crypto.com spin-off) on October 8, 2026. The contracts, expected to list by October 12, track SEI's spot price via a reference index, with no actual token delivery. Funding is settled every eight hours, and the minimum order is 100 SEI, worth only a few dollars given SEI's mid-October price range of $0.06 to $0.066. This structure allows eligible participants to speculate or hedge without holding the token, though the market remains small with open interest in the tens of millions. Analysts will watch trading volume and funding rates to gauge demand and sentiment, but caution that leverage on a volatile token like SEI can amplify losses.

In the second week of April, three altcoins are facing major catalysts: Toncoin (TON) undergoes a sub-second finality upgrade on April 7, but a hidden bearish divergence suggests continued downtrend unless $1.265 is reclaimed. Aptos (APT) faces an 11.31 million token unlock on April 12 while a bearish flag pattern and negative Chaikin Money Flow indicate further decline if $0.82 breaks. Sei (SEI) completes its EVM-only migration by April 8, with bullish divergence on the daily chart signaling potential reversal, though a 40% rise is needed to reach $0.075 resistance.

Bhutan will deploy a Sei Network validator in Q1 through a partnership between the Sei Development Foundation and Druk Holding and Investments (DHI), the country's sovereign wealth fund. The move is part of Bhutan's broader digital transformation strategy. Sei Foundation's Eleanor Davies indicated potential future collaborations in payments, tokenization, and personal identification. Bhutan already has a self-sovereign ID system on Ethereum and holds over 11,000 Bitcoin, the fifth-largest stash among nations, largely from mining. The validator deployment aligns with a growing trend of companies and governments running blockchain validators. Deutsche Telekom and Google Cloud have similarly launched validators on various networks.

The partnership gives Sei direct mobile distribution across key crypto markets and includes plans to pilot stablecoin payments in 2026.

Sei blockchain is partnering with Xiaomi to preinstall a crypto wallet on smartphones sold outside the U.S. and mainland China. The wallet app, designed for stablecoin payments, will initially roll out in regions including Europe, Latin America, Southeast Asia, and Africa. Stablecoin payment functionality for Xiaomi products is planned for Hong Kong and the EU by Q2 2026. While Sei calls the partnership unprecedented, other smartphone makers like Samsung, HTC, and Solana have previously integrated blockchain features into devices.

Xiaomi will pre-install a Sei wallet and Web3 app on new smartphones sold outside China and the US starting in 2026, giving millions of users direct crypto access. The wallet uses MPC technology and allows login via Google and Xiaomi ID, eliminating seed phrases. Stablecoin payments for Xiaomi products are planned for pilot regions in Hong Kong and the EU from Q2 2026. Xiaomi shipped 168 million phones in 2024, so even low conversion could mean millions of new wallets. The integration is structurally bullish for SEI token, though price impact depends on real usage. Pre-installed defaults historically drive exponential adoption, and stablecoin payments could generate recurring transaction volume tied to commerce.

The Sei Development Foundation has partnered with Xiaomi to pre-install a Sei crypto wallet and discovery app on millions of Xiaomi smartphones sold outside China and the US, starting in 2026. The app enables peer-to-peer payments, access to decentralized apps, and Web3 exploration, as well as stablecoin payments in retail stores. The partnership aims to drive mainstream blockchain adoption, leveraging Sei's fast and scalable infrastructure. Additionally, a $5 million Global Mobile Innovation Program will support mobile app developers. Sei co-founder Jay Jog emphasized that distribution is key, and this deal provides a significant entry point into crypto for users in countries where Xiaomi dominates.