Sei is showing the clearest signs of breakout L1 traction right now It’s becoming the preferred base layer for stablecoins, RWAs, and institutional use cases • $4.6B in daily stablecoin transaction volume • Stablecoin supply hit an all-time high of $243M in under 4 months • $100M+ in native USDC minted by Circle in the first 10 days • Passed Polkadot, Tron, Hedera, and Algorand in USDC supply (in just 10 days live) • DEX volume reached $1.53B in July (ATH) • $100M+ daily DEX volume now consistent • SEI active addresses hit a record 937,054 • @circle, @Backpack, @etherscan, @CoinSharesCo, and @debridge all launched • RWA infrastructure going live with @OndoFinance • CoinShares ETP live in Europe • SEI ETF filed by Canary Capital in the U.S. The next phase of on chain finance is being built on Sei.