Sei Network's Total Value Locked (TVL) has surged by 229% since the launch of the Sei V2 upgrade on May 27, 2024, reaching $95.3 million. The upgrade introduced significant enhancements including EVM compatibility, driving the growth. The launch of DeFi protocols like Yei Finance and DragonSwap also contributed to the increase. Additionally, the Sei Foundation announced a $50 million Japan Ecosystem Fund to boost Web3 gaming, social, and entertainment sectors.
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