Welcome to the Sei Overview. In this edition, we explore Sei’s expansion into South Korea, stablecoin growth, and the latest network upgrade.
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By the Numbers
$SEI token price: $0.06 (-1.48%)
Market cap: $398.1M (-1.02%)
Sei Total Value Locked (TVL): $63.2M (+3.1%)
Daily EVM transactions: 1.7M (+97.3%)
Daily EVM active addresses: 1.6M (+162%)
Block time: 0.62s (+19.23%)
Percentages and metrics are calculated over a 7-day time frame, unless noted otherwise.
Sei Showcase
💨 What’s happening: TMO Labs, a South Korean fintech company, has integrated Sei into its TMO Wallet, allowing its users to hold and spend stablecoins and digital assets across Korea’s payment, transit and rewards networks.
💨 Why it matters: TMO Wallet connects to DaemDaem, a Korean transportation payment and rewards app, as well as Naver Pay, Payco, Happy Point, L.POINT, and the TMONEY and EZL transit systems. All of these applications are commonly used for payments in Korea.
💨 The bigger picture: TMO Labs’ integration of Sei is not an effort to replace Naver Pay or Kakao Pay, payment networks deeply embedded throughout Korea.
This integration simply extends those networks to blockchain assets, allowing stablecoins to be spent alongside traditional methods.
In Korea, daily mobile device card payments accounted for 54.3% of total card spending in 2025, with 1.7 trillion won ($1.15 billion USD) being spent through mobile in 2025.
While Korean won-pegged stablecoins have yet to receive regulatory approval in Korea, banks such as KB Koomin Bank are actively pursuing issuance, while Kakao, Naver, and Toss are positioning to issue or distribute stablecoins on the consumer side.
Accelerating Sei’s blockchain
Updates on the latest games, validators, builders and more that are helping Sei expand
Jay Jog, co-founder of Sei Labs, spoke about why he believes speed, infrastructure and liquidity are important attributes for the adoption of AI agentic payments
Sei’s stablecoin market cap hit $194M for the first time since Sept. 2025, after by Ondo Finance’s USDY fund reached a high of 104 asset holders
Sei’s latest mainnet upgrade disabled new CosmWasm contract deployments without affecting existing ones
What’s the community Sei’ing
Highlighting the builders, users and ecosystem players within the Sei blockchain.
FishWar has partnered with UXLink to offer in-game social accounts, and with ChainAware to integrate AI agents and in-game prediction markets
Grand Gangata City is exploring how it can incorporate AI into its open-world racing game
OnePay added the SEI token to its crypto trading app and neobank
Lock in to the ecosystem
Want to get involved?
Check out the latest jobs at the Sei Development Foundation and Sei Labs
Participate in Yei Finance's Nitro campaign to earn a piece of a $270K rewards pool for lending USDC
Sign up for NY Tech Week events hosted by Sei: Sumvin’s happy hour on June 1 and Mastercard’s institutional panel event on June 2
That’s all for this week.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.