SEI price is back in the spotlight after a sharp daily surge, as a new partnership with the U.S. state of Wyoming fuels excitement across the crypto market. The Layer 1 blockchain has been officially selected by the Wyoming Stable Token Commission as a candidate chain for WYST — the first fiat-backed stablecoin issued by a U.S. state.
While SEI has struggled in recent months to reclaim its all-time high, this move could mark a turning point — especially as on-chain activity and trading volumes also show signs of revival.
Wyoming’s Choice: Why It Matters for SEI
On June 19, Sei Network confirmed that it was among the shortlisted chains chosen to support the rollout of WYST. According to the official tweet from @SeiNetwork, this deployment will leverage LayerZero’s infrastructure, aiming for true interoperability and cross-chain stablecoin functionality.
WYST isn’t just another stablecoin — it’s a state-backed initiative, backed by U.S. fiat reserves and designed to operate within a clear legal and regulatory framework. Being chosen as a hosting chain gives Sei a major credibility boost in the U.S. market.
Moreover, this partnership positions Sei as a trusted infrastructure partner for institutional-grade assets — something that many newer Layer 1s struggle to achieve in such a short time frame.
On-Chain Activity: Transactions and Wallets on the Rise
Beyond the news, Sei’s ecosystem metrics tell their own story. According to Dune Analytics data:
- Active addresses on SEI have climbed to over 470,000 in recent weeks — nearly doubling since Q1.
- Transaction volume continues to grow steadily, nearing 2 million daily transactions at peak, suggesting that user activity is rising alongside adoption.
Source: Dune Analytics
These metrics suggest that the recent price surge isn’t purely speculative. Rather, it’s underpinned by real utility growth — a positive sign for long-term investors.
SEI Price Outlook: Can It Break Out?
At the time of writing, SEI is trading at $0.205, up over 6% in the past 24 hours. The token is approaching a resistance zone near $0.22 — a level it failed to break in late May.
Should momentum from the Wyoming announcement continue, SEI could target the $0.25–$0.30 range next. However, traders should also watch for profit-taking or consolidation around $0.21–$0.22.
Source: Tradingview
From a broader perspective, a sustained breakout may require not just hype — but actual deployment of WYST on Sei’s infrastructure. Until then, price could remain range-bound.
Final Thoughts: Is SEI Ready for the Big League?
The inclusion of SEI in the Wyoming stablecoin initiative represents a rare and meaningful endorsement from a U.S. regulatory body — and it couldn’t come at a better time. With transaction metrics rising and new partnerships on the horizon, the SEI token could be poised for a stronger comeback than many expect.
While it’s too early to call for a full-blown breakout, this move shows that SEI is building real credibility — and the market is beginning to take notice.
