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The price of Sei coin has recently surged strongly, and the activity within its ecosystem has significantly increased, driven by a combination of technological upgrades, localization strategies, and narratives of financial compliance in the United States. Despite the rapid expansion of the ecosystem, it still faces challenges such as over-reliance on gaming and a high concentration in DeFi. This article provides an in-depth analysis of the multiple drivers behind the heating up of the Sei ecosystem and its potential concerns.