A significant development has taken place in the Layer-1 (L1) blockchain space, with SEI eclipsing its former all-time high in Total Value Locked (TVL)

The SEI token is currently in the “smart money buy zone.” Trading volume has surged, and there has been a noticeable increase in institutional interest.

A significant development has taken place in the Layer-1 (L1) blockchain space, with SEI eclipsing its former all-time high in Total Value Locked (TVL).

According to data from DeFi Llama, SEI's TVL has more than doubled in the last month to $397 million.

This signals massive trust from investors in SEI's long-lasting viability. More liquidity is entering the ecosystem, and in turn, the platform's infrastructure keeps growing and getting more resilient, which is an open invitation to the dApps and services to use this infrastructure and do even better than before.

This comes at a time when many blockchain projects are still struggling due to the crypto winter. However, SEI's scalable, secure, and fast layers have captured a good amount of attention.

On the other hand, SEI's TVL has surged to over 1 billion, according to Kyledoops.

This, in turn, signals the next big payment for the L1's native token. SEI's growth coincides with the many blockchain projects that are still reeling from the volatility of 2024. In this stormy environment, SEI has captured a fair amount of attention.

SEI in the 'Smart Money Buy Zone'

According to Bitcoin Buddha, the SEI token is now in what appears to be the “smart money buy zone.” This is a term used to describe an asset whose price has dropped below its fair value, leading to interest from large, institutional investors and experienced traders.

Recently, Trump-backed World Liberty Financial decided to buy 547,990 $SEI tokens at an average price of 228 USDC on the DEFI platform.

According to figures from Arkham, the investment firm has been engaging in an interesting strategy. Instead of directly buying tokens, World Liberty Financial is taking equity in SEI.

This move by the firm, which manages several billion dollars in financial transactions, signals to the market that institutions are adopting blockchain technology.

In particular, Layer-1 networks like SEI are gaining traction with institutions. Its decision to buy more than just tokens and, instead, also gain equity in SEI is a strong vote of confidence for the underlying technology.

This suggests that the firm is betting on the success of Layer-1 networks, DeFi, and the blockchain revolution, which could have real implications for the bottom line.

Moreover, SEI's TVL more than doubled to $397 million over the last month, with institutional investments from a range of large entities. Overall, the projects and platforms within SEI have received major votes of confidence.

Investors should be paying close attention to SEI as it continues to be one of the most talked-about Layer-1 platforms among blockchain projects. The “smart money” flow says it all. Investors and developers should consider the rapid movement of SEI toward becoming a dominant player in the blockchain space.