According to ChainCatcher, Messari released Sei's Q1 2024 status report. The report shows that Sei's TVL (US dollars) increased by 714% month-on-month to US$46 million, significantly exceeding the price increase. Among them, the TVL of Sei's ecological head DEX Astroport increased by 468% month-on-month. SEI's price rose by 37% month-on-month, although revenue (US dollars) fell by 32% month-on-month. Revenue in the fourth quarter of 2023 was particularly high due to inscription activities. NFT sales, independent buyers, and independent sellers increased by 2936%, 2429%, and 2419% month-on-month, respectively, with MRKT leading the growth of the NFT market. The launch of the liquidity pledge protocol SiloStake and Kryptonite has enabled 8.4 million SEI to participate in liquidity pledge. Sei's open source Parallel Stack was announced in March, with plans to enable developers to launch modular L2 blockchains as parallel EVM execution layers.