Which Altcoin Has the Edge Now?

• SEI price rose 33% in three months, backed by strong DeFi growth.
• Daily stablecoin transactions on SEI hit $4.68B, USDC inflow leads peers.
• Hedera gained major listings but saw USDC supply drop 70% in days.

The crypto market is full of strong contenders, and two of the most talked-about right now are SEI Network (SEI) and Hedera (HBAR). Both have made headlines recently, but AltcoinBuzz has answered which one offers better returns?

SEI Network: Built for DeFi and Rapid Growth

The analyst explained that SEI Network is designed from the ground up for decentralized finance, offering fast transactions and low fees. Over the last three months, SEI’s price has risen from around $0.20 to $0.30, peaking at $0.37 with a market cap of $1.7 billion.

While this is far below its all-time high of $1.15, it shows there is room for growth. Out of 10 billion total tokens, 5.7 billion are already in circulation.

Daily stablecoin transaction volume has reached $4.68 billion, while $110 million worth of native USDC entered the SEI network in just 10 days. This figure surpasses several established networks, including Algorand and Polkadot.

Institutional interest is growing, with Canary Capital even filing for an SEI exchange-traded fund. With its relatively small market cap compared to larger competitors, SEI has more room for big price moves.

Hedera: Established Network with Strong Corporate Backing

Hedera is not a blockchain but a hashgraph, which allows for faster transactions, lower fees, and better scalability. It is governed by a global council that includes industry leaders such as Google, IBM and Boeing.

In recent months, Hedera has achieved listings for HBAR tokens on Robinhood and Kraken, expanding its reach to millions of potential investors.

However, Hedera’s stablecoin market has faced challenges. In July, $224 million worth of USDC was issued on the network, but this quickly dropped by 70% to $57.5 million within days. 

Despite this setback, HBAR has risen 28% in the past three months, currently trading at around $0.26 after peaking at $0.30 in July. Its all-time high is close to $0.57.

Verdict: SEI Holds More Short-Term Upside

Both SEI Network and Hedera are strong projects, but they serve different audiences. Hedera offers stability, strong governance, and a proven track record. SEI, on the other hand, is younger, growing quickly, and heavily focused on DeFi.

The analyst said that while Hedera’s established position is valuable, the current numbers point to SEI having the stronger upside chances in the near future.

The Full List? SEI and Hedera are just two of the top altcoins on our radar. Here’s CoinEdition’s list of top 5 altcoins to keep track of, for the August bull run.