Key Takeaways:
The Sei network’s native token (SEI) rose 10.5% to $0.062 on April 22, 2026, as a network upgrade coincided with a broader cryptocurrency market rally led by Bitcoin’s push toward $78,000.
"The Giga upgrade promises transformative scalability by elevating throughput, slashing block times, and accelerating finality," Token Relations, a network analysis firm, said in a recent report. The firm noted the upgrade is a key milestone in Sei's transition to a more streamlined, high-performance architecture.
The price advance is supported by strengthening on-chain fundamentals. Total Value Locked (TVL) in decentralized finance protocols on the Sei blockchain has climbed to over $146 million, while the market capitalization of stablecoins on the network increased 2% to $181 million, according to data from DefiLlama. The recent gains pushed the token above its 20-day and 50-day Exponential Moving Averages, with the Relative Strength Index (RSI) climbing to 60.
The upgrade is a critical step in Sei's roadmap, which includes sunsetting its Cosmos layer and migrating to full Ethereum Virtual Machine (EVM) compatibility. This strategic shift is designed to attract developers and empower high-frequency applications like decentralized exchanges and games, potentially driving demand for the SEI token. Should the bullish momentum continue, traders are watching resistance levels at $0.078 and year-to-date highs above $0.107.
This article is for informational purposes only and does not constitute investment advice.
