Binance will become one of the validators on the SEI network, adding to the exposure of the project. As a validator, Binance will also tap the gains from SEI’s potential growth. 

Binance will expand its validator influence through SEI, securing a growing and promising network. The Binance ecosystem already has key positions on Ethereum and as a Solana validator, offering passive income from staking to its clients. 

SEI validators secure a network capable of fast settlement, potentially suitable for institutional-grade finance. The network has 39 validators, with up to 50 allowed to propose blocks. The validators give access to 58,000 delegators with staked SEI. 

SEI is a growing chain with around $260M in value locked and $113M in stablecoin liquidity. Apps on SEI produce around $55,000 in daily fees. The chain also aims to expand its activity to tap more Web3 apps and DeFi liquidity. 

Binance to power SEI expansion

SEI launched as a new L1 chain for high-frequency apps. The project has already attracted tokenized funds from BlackRock, Brevan Howard, Hamilton Lane, and Apollo. 

The chain’s apps and assets are also integrated into the infrastructure of major crypto partners like Circle, MetaMask, Securitize, KAIO, and Ondo. The adoption has followed SEI’s general proven reliability. 

The L1 SEI network is the fastest EVM-compatible chain to date, with fast finality and consensus. Binance as a validator will participate in the upcoming Giga update, expanding the chain’s capacity to 200,000 transactions per second. 

SEI still seeks market recovery

The native SEI token is trading at around $0.16, near its all-time lows. Despite the chain’s development, the native token has not regained previous peaks. SEI has been pressured by unlocks, with around 24% of the supply remaining to be released. 

The token is represented on Coinbase and Binance, but has lagged behind hotter assets. SEI open interest shows lowered enthusiasm for trading and sits at just $54M. Despite its low price, SEI set up expectations for a recovery to $0.70.

The token is outside the top 100 of all crypto assets, but is seen as one of the potential candidates for a recovery. The network recently tapped perpetual futures trading, achieving $38.7B in volumes since the summer months. 

The other boost for SEI may come from an eventual ETF approval, though the process still has no clear deadline. For now, traders and investors remain skeptical, as they want to avoid having funds in a project that may lag other assets and take months to make a real recovery. The L1 narrative is no longer a leading price indicator, as most of the market is led by derivative positions and speculation. 

The asset is also not represented on Hyperliquid, where additional whale speculation could draw attention. The mindshare for SEI is also flat, signaling no special interest from influencers, despite Binance’s involvement. 

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