SEI (Sei) fell 1.03% in the last 24 hours.

Gate News Bot report, on October 22, according to CoinMarketCap data, SEI (Sei) is currently priced at $0.19, falling by 1.03% in the last 24 hours, with a high of $0.23 and a low of $0.19. The current market capitalization is approximately $1.187 billion, a decrease of $12.3327 million compared to yesterday.

Sei is the fastest EVM blockchain, designed for high-frequency applications. It can complete transaction settlements within 400 milliseconds, with each transaction costing as low as $0.05. Sei adopts a groundbreaking parallelized runtime architecture aimed at enhancing scalability and developer flexibility. The network supports approximately 200,000 transactions per second and can process 5 Giga Gas per second, providing real-time speed for limitless innovation. Sei is supported by leading institutions including Coinbase, Circle, and Jump.

Recent important news about SEI:

1️⃣ Sei Network is about to undergo a network upgrade Sei Network will undergo a network upgrade on October 23, 2025, at 18:00 (Hong Kong time). To ensure the safety of user assets, relevant service providers will suspend the deposit and withdrawal services of SEI until network stability is confirmed. This upgrade may affect the short-term price trend of SEI, and investors need to closely monitor the upgrade progress and subsequent announcements.

2️⃣ Morpho Lending Network Logs into Sei Network The well-known lending platform Morpho Labs announced that its lending network is officially online on the Sei Network. As a platform managing over $12 billion in deposits, Morpho has previously provided enterprise-level lending services such as crypto-collateralized loans to several well-known institutions. This integration into the Sei trusted technology system is expected to bring more liquidity and financial innovation to the Sei ecosystem, further enhancing the application value of SEI.

3️⃣ KAIO partners with Hamilton Lane to launch tokenized fund KAIO has partnered with Hamilton Lane to launch the on-chain version of the HL SCOPE Access Fund on the Sei Network, open to institutional and qualified investors. This initiative further expands the application of institutional-grade real-world assets (RWA) on Sei. It is reported that KAIO has completed over $200 million in institutional asset tokenization on Sei, with cooperation from several well-known financial institutions. This indicates that Sei is attracting more traditional financial institutions to participate, which helps enhance its competitiveness in the DeFi space.

From a technical perspective, the SEI price has recently shown a trend of fluctuating decline, possibly influenced by the upcoming network upgrade. However, with the introduction of more institutional-grade applications and assets, the long-term development prospects of SEI are still worth paying attention to.

This message is not intended as investment advice; investors should be aware of market volatility risks.