SEI has surged over 10% in the past 24 hours after integrating zero-fee swaps across major wallets like MetaMask, Backpack, and YeiFinance. This integration eliminates gas costs, enhancing user accessibility and driving a 258% increase in trading volume, indicating heightened market participation.
Despite the price rise, SEI's Total Value Locked (TVL) has decreased by 7.32% to $43.2 million, raising concerns about the rally's sustainability. The divergence between rising prices and declining TVL suggests the current move may rely on short-term participation rather than long-term investment. SEI's price remains under pressure within a descending channel, with resistance levels at $0.062 and $0.070 limiting further gains.
SEI Gains 10% Following Zero-Fee Swap Integration
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
