Sei Network has witnessed a rapid increase in USDC minting, reaching $162 million in just two weeks. This figure surpasses the native USDC issuance on over half of the 24 blockchains that support it, closely aligning with OP and Unichain, and exceeding Linea and zkSync. The swift growth suggests significant potential for further expansion, reflecting Sei's robust on-chain activity. The presence of stablecoins like USDC is often indicative of a network's activity level, as they are integral to various blockchain operations. Additionally, Circle, the issuer of USDC, had previously disclosed in its IPO filing that SEI is its fourth-largest digital asset holding. Grayscale's Dynamic Income Fund (GDIF) also includes SEI, indicating institutional confidence in Sei's prospects.