Sei Network’s TVL surged 229% post-Sei V2 upgrade, reaching $95.3 million.
Yei Finance and DragonSwap drove Sei Network’s initial DeFi growth.
Messari, a provider of cryptocurrency market intelligence, has released its findings on Sei Network’s developments. Messari reported in a tweet that Sei Network’s Total Value Locked (TVL) has increased by more than 200% since the launch of Sei V2 on May 27, 2024.
The Sei V2 update added three important network advancements, including EVM compatibility, resulting in an astounding 229% rise in TVL to $95.3 million.
TVL on @SeiNetwork has exploded 229% to $95.3 million since the launch of Sei V2 on May 27, 2024.
Let’s see why https://t.co/GS7vz7XfjD
— Messari (@MessariCrypto) July 18, 2024
Sei V2 Spurs Growth with Yei Finance and DragonSwap DeFi Launches
The Sei V2 upgrade permitted the rollout of various additional DeFi protocols. The top two protocols are Yei Finance, Sei’s first borrowing and lending protocol, which is a fork of
