SEI spot trading has been quite interesting recently. The price is currently around 0.1098 USDT, and technically, there are some signs of improvement—MACD has just experienced a bullish crossover, and the MACD line has crossed above the signal line, which usually indicates increasing short-term buying momentum.

From an ecosystem development perspective, after the Giga upgrade, SEI has been actively advancing market infrastructure, positioning itself as a high-speed RWA and DeFi platform, with a current transaction processing capacity of 200,000 transactions per second. Support from key partners has also brought some enthusiasm to the ecosystem—on-chain activity data looks good, with an average of nearly 824,000 active addresses daily, roughly double the previous figure, and Q3 daily trading volume around 2 million transactions.

However, there are also several issues. The most straightforward is the price history. SEI has fallen from its all-time high of 1.14 to the current level, a decline of over 90%. This trauma significantly impacts investor psychology. More troubling is the fundamental economic situation—research indicates that SEI's "economic maturity is relatively low," mainly due to weak network fees and protocol revenue, raising questions about its sustainable value. In the past 24 hours, it has also dropped by 0.45%, accompanied by net outflows, indicating short-term selling pressure.

From market sentiment, most community members remain bullish, optimistic about technological progress and enterprise application potential, expecting more significant price movements in the future. However, there is a clear tension between these hopes and fundamental concerns—short-term technical momentum and long-term economic health need to be balanced and observed.