From March 2024 to the present, the price of $SEI has dropped by approximately 4.5 times, while the total value locked (TVL) has increased by 5.4 times.
=> This indicates that the market still has confidence in the project; $SEI has also recently received a grant to stimulate its ecosystem.
I remember back in October, when I called the $SUI trade, I observed a similar phenomenon. The price of $SUI remained stagnant below 0.5 for a long period while its TVL kept increasing. $SUI also launched several grants to boost the GameFi sector.
