Crypto exchange Binance has joined Sei Network as a validator, Sei Development Foundation revealed on Thursday.
The move is likely to boost trust in the blockchain among investors, institutions, and the global crypto community.
Meanwhile, Binance announced the Boost APR special promotion on SEI locked products with a total of 1,497,409.48 tokens in rewards. Traders didn’t respond immediately to the announcement.
Binance Joins Sei Network as Validator
According to an official announcement by Sei Foundation, Binance has become a Sei validator.
The crypto exchange joining Sei spotlights the confidence in Sei’s role as the preferred settlement layer for institutional-grade finance.
The move by the crypto exchange aligns with the network’s vision of scaling for high-performance, enterprise-grade infrastructure.
The network processes 4.5 million transactions daily, with peak TVL reaching over $680 million as of July this year.
Sei has more than 70 million wallets, and Binance is expected to bolster enterprise-grade partners on the network.
The network supports tokenized funds from BlackRock, Brevan Howard, Hamilton Lane, and Apollo.
RWA tokenization has gained pace as TradFi sees huge potential by bringing traditional financial products on-chain.
This is supported by several infrastructure partners like USDC stablecoin-issuer Circle, MetaMask, Securitize, KAIO, Etherscan, and Ondo.
Binance Announces Sei Rewards
Binance has announced a Boost APR special promotion on Simple Earn. Users can earn a total of 1,497,409.48 SEI tokens by locking their tokens. The promotion is valid until January 4, 2026.
Rewards will be split into Base APR and Boost APR. Users will get Boost APR rewards on top of Base APR for selected locked products, giving investors and traders higher returns.
As per Binance, the actual APR can vary depending on total daily subscriptions during the promotion period.
“A lower subscription amount will result in a higher APR, while a higher subscription amount will reduce APR until the daily rewards are fully distributed during the Promotion Period,” as per the announcement.
Analyst Predicts Higher Price Targets
Crypto analyst Ali Martinez pointed out that chart pattern on the daily timeframe flashed a buy signal near the channel’s bottom at $0.15. The crypto would make a major rebound.
He recommended accumulating the token at dips amid the current weak sentiment in the crypto market. He gave year-end price targets of $0.23 and $0.36.
Traders didn’t respond immediately to the abovementioned announcement. SEI price was trading 1% lower at $0.162 at the time of writing.
The 24-hour low and high were $0.160 and $0.168, respectively. Furthermore, the trading volume has decreased by 25% in the last 24 hours, indicating a decline in interest among traders.
However, derivatives markets showed buying in the last few hours, as per CoinGlass data. The total futures open interest jumped 3% in the last four hours.
The 24-hour SEI futures open interest was still down 1.65% at the time of writing. Total futures OI on Binance fell nearly 5% and jumped 2% on Bybit.