Sei’s DEX volume surged past $500 million in November as analyst Crypto Aman reported rising on-chain activity and stronger protocol engagement.
Fresh data shows $411.7 million in 30-day volumes, highlighting deeper liquidity and expanding trader participation. Analysts also point to a sharp valuation gap with Tron, calling its current market position significantly undervalued.
The Token’s November DEX Activity Shows Rapid Growth
SEI crypto decentralized exchange activity expanded sharply in November, according to analyst Crypto Aman. Data for the month shows DEX volume surpassing the $500 million mark, reflecting rising activity across trading venues on the network. Additional dashboard figures indicate a 30-day cumulative volume of about $411.7 million, pointing to steady engagement from traders across various protocols.
SEI Chart | Source:x
The recent volume performance aligns with the network’s push toward high-speed execution and optimized trading flows. More applications are deploying on the coin, creating a broader base of activity that contributes to total throughput. With increased liquidity incentives and more consistent user activity, the network has moved into a phase of higher transaction intensity without visible congestion across supported protocols.
Analysts Observe Expanding Maturity Across the Ecosystem
Analysts note that the current trend reflects an ecosystem moving toward stronger operational stability. Protocols running on the altcoin are processing more on-chain trading flows, enabling the network’s infrastructure to display steady performance throughout the month. This pattern suggests traders and liquidity providers are becoming more comfortable executing positions on the token during periods of heavier volume.
The growth in activity also aligns with its positioning as a chain designed for high-frequency environments. As projects leverage the network’s speed, order routing and settlement performance remain consistent. This environment supports higher participation from new and existing users, helping reinforce activity on liquidity pools and market-making systems. If these conditions persist, ecosystem participants expect similar month-to-month momentum in trading flows.
Market-Cap Models Point to Wide Valuation Gap
The conversation around has also shifted toward valuation comparisons. Analyst Fabius DeFi pointed out a wide gap between the token and Tron, noting that its valuation stands at roughly one-thirtieth of Tron’s despite expanding DEX activity and growing developer traction. Market-cap modeling shared by the analyst indicates a large theoretical upside if it were to reach parity with Tron over time.
SEI Chart | Source:x
Based on the model, a 10,000 token position—currently valued at about $1,400—would exceed $41,000 if the network achieved similar valuation levels to Tron. While this projection remains theoretical, the model reflects broader discussion within the market around how layer-one chains with rising network usage could reprice as adoption expands. The comparison has attracted attention from traders monitoring networks with growing DEX participation.
Price Chart Shows Cooling After Early Session Strength
The altcoin traded near $0.14 during the past 24 hours, with early price movement showing a push toward the $0.141 area. After reaching a local high near $0.1415, the chart shows a gradual loss of momentum as sellers entered the market. The currency then moved into a controlled drift, sliding toward the $0.137–$0.138 range as activity softened.
SEIUSD 24-Hr Chart | Source: BraveNewCoin
Lower-range consolidation continued through the afternoon and evening, with reduced volume suggesting limited buying pressure to retest earlier highs. A modest uptick appeared near the close of the daily session as the asset reclaimed the $0.138–$0.139 region, but the move lacked the participation needed for a full recovery. Market participants are watching the $0.141 zone, which remains the nearest level requiring stronger volume to confirm upward continuation.