Sei Surges on Giga Upgrade News and RWA Growth

Sei (SEI) has seen an impressive surge of 18.4% over the last ~67 hours, driven by a combination of factors including its Giga upgrade news, RWA growth, and renewed speculative L1 interest.

The official Sei communications about its Giga stack and user experience improvements have been a direct catalyst for this move. The team highlighted that the first pieces of Giga storage are live on mainnet, aiming to be the first EVM chain to fully replace merkle trees, which is a significant technical differentiation for throughput and state management.

The Sei team emphasized that with features like Autobahn and private mempool, the network is repositioning itself as a high-throughput EVM rail. This narrative has attracted traders who believe in the tech story, leading to sharp repricing once they think it's real rather than just marketing.

RWA (real-world assets) and stablecoin growth have also contributed to this surge. Sei is now the third-largest network for Ondo's USDY, a tokenized US Treasury product, with tokenized treasuries live on chain for non-US users.