SEI Positions for Takeoff: Monaco Launch and ETF Filing Fuel Investor Optimism

Sei Network is becoming a focal point in the market with its continuous major updates and attraction of institutional capital.

With a bullish market structure, outstanding on-chain data, and significant strides in institutional infrastructure, SEI demonstrates strong potential for the future.

Investors Anticipate a Strong Breakout

Sei Network (SEI) has been drawing investors’ attention in the current subdued market.

The Sei project has now Monaco, a Wall Street-grade trading layer designed to meet institutional infrastructure needs. With Monaco, Sei aims to position itself as the optimal blockchain for large-scale trading activities, distinguishing itself from competitors focused on smaller DeFi operations.

“Monaco is coming soon on SEI…Trillions in traditional assets are moving into tokenized markets, and traders need real infrastructure — fast, open, and without the limits of legacy finance,” X user Ash Crypto shared.

At the same time, CBOE has filed the Canary Staked SEI ETF 19b-4 with the US Securities and Exchange Commission (SEC). This is a significant step toward legitimizing investment products tied to SEI in traditional markets.

Sei has seen impressive growth regarding on-chain data, with active addresses increasing by 7,952% since launch. Earlier in July, the network’s Total Value Locked (TVL) had also reached near its record high of over $626 million. This indicates a stronger-than-ever capital inflow into the ecosystem, reflecting Sei Network’s growing appeal to individual and institutional investors.

On the technical analysis front, SEI is maintaining a positive market structure. Currently, the price is trading at $0.3158. Although it has dropped nearly 5% in the past 24 hours, this level remains close to local highs, and many experts believe the upward trend is still intact.

Crypto analyst Ali views the $0.31 range as a “buy-the-dip” opportunity before a potential strong breakout to a target of $0.42.

SEI price on a 4-hour chart. Source: Ali on X

Other analysts, such as Byzantine General, emphasized that SEI has held its strength during a broader market correction, further boosting investor confidence. However, analyst Daan Crypto notes that SEI needs to break through the $0.39 level to continue its upward trend. This level aligns with the local high from mid-July.

SEI price on a daily chart. Source: Daan Crypto on X

Beyond short-term targets, the long-term outlook for SEI also generates lively discussion. Bitcoinsensus suggests that the current price compression within a wedge pattern could build pressure for a massive breakout, potentially driving SEI to price targets between $2 and $3 in the next cycle.

This indicates that the market holds high expectations for Sei Network to emerge as one of the new-generation blockchain “unicorns.”