Sei Network (SEI), which received investment from USD Coin issuer Circle, continues its rise on a daily basis.
SEI gained more than 10% in value in the last two days with the announcement made by Circle.
According to CoinGecko data, SEI’s total trading volume in the market in the weekly time frame From $32.6 million to $143 million rose up.
Circle Ventures, the investment arm of Circle, which developed USDC, one of the largest stablecoins, to Sei. an unknown amount invested.
After the investment, USDC fast and cheap It is planned to be transferred to the Sei network for further use. This move is expected to “significantly increase” liquidity in the cryptocurrency market for Sei users.
Sei Network, an open source Layer 1 project, was developed specifically for various trading platforms such as exchanges, NFT marketplaces, gaming exchanges in the field of decentralized finance (DeFi). Sei Network’s industry “it is the fastest Layer 1 blockchain” It is claimed.