Messari releases Sei Q1 report: TVL increased by 714% month-on-month, SEI price increased by 37% month-on-month

Messari released the Q1 2024 status report for Sei, with the following highlights:- TVL (in USD) increased by 714% compared to the previous period, reaching 46 million USD, which is significantly higher than the price increase. The top DEX in the Sei ecosystem, Astroport, saw a 468% increase in TVL compared to the previous period;- SEI's price increased by 37% compared to the previous period, despite a 32% decrease in revenue (in USD). Revenue was particularly high in Q4 2023 due to the inscription activity;- NFT sales, independent buyers, and independent sellers increased by 2936%, 2429%, and 2419% respectively. MRKT led the growth of the NFT market;- The launch of the liquidity staking protocols SiloStake and Kryptonite allowed 8.4 million SEI to participate in liquidity staking;- Sei's open-source Parallel Stack was announced in March, with plans to enable developers to launch modular L2 blockchains as a parallel EVM execution layer.