SEI Surges After Baby Shark Enters Blockchain with Sei-Hosted NFT Universe, Solana Surpasses Ethereum in Daily Users Amid Strong Recovery

Daily Top Performer — Sei Network (SEI)

The SPX index is down 0.08% as investors await Tuesday's CPI data, which is expected to show a slight decrease in headline inflation but no change in core prices. The broader cryptocurrency market is down, with Bitcoin dropping 1.91% and Ether dropping 0.4% in the past 24 hours. 

Today’s outperformer is SEI, which jumped 10.2% as Baby Shark Universe joins Sei blockchain for immersive NFT experience. 

Sei Network (SEI), launched on August 16, 2023, is a Layer 1 blockchain built on Cosmos SDK, with built-in parallelization and automatic order bundling to facilitate ultra-fast trading. The "Baby Shark" brand is entering the blockchain world with the launch of "Baby Shark Universe" on Sei, the world's fastest blockchain. This venture will feature NFTs and provide fans with immersive experiences and digital collectibles. Leveraging Sei's speed, the Baby Shark Universe aims to offer a unique platform for fans to engage with the brand and collect digital assets. This marks a significant blend of blockchain technology with global pop culture, connecting Baby Shark's diverse fanbase through Sei's global infrastructure.

Check Out the Latest Prices, Charts, and Data of SEIUSDT Perp and SEI/USDT Spot!!

Talk of the Town:

On November 11, Solana's daily active users surpassed those on Ethereum's mainnet, reaching 356,300 users compared to Ethereum's nearly 330,000. This 70% increase in activity marks a significant recovery for Solana after a challenging period following the collapse of its major investor, FTX. Solana's price has risen by 145% in four weeks, outperforming many other digital assets. Additionally, the total value locked in Solana-based DeFi protocols increased by 62%, and NFT sales volume grew by 35% in the last 30 days. Despite Solana's surge, Ethereum's ecosystem, including its Layer 2 networks, remains robust, with more than 800,000 active users across the top seven Layer 2 networks, indicating a total of over 1 million active wallets within the entire Ethereum ecosystem. Layer 2 networks currently drive 80% of Ethereum's broader ecosystem activity. Check Out the Latest Prices, Charts, and Data of SOLUSDT Perp and SOL/USDT Spot!