Some Thoughts & Alpha on Sei Ecosystem
$SEI Ecosystem has seen a great inflow of activity during the past week driven by the price appreciation & its unique Defi-focused app-chain L1 narrative
The majority of the hype is the flywheel that originated from
$SEI price action skyrocketing + Memes & NFT Szn on Sei. The TVL has been slowly climbing but remains pretty low ~$5m TVL (albeit higher than Cosmos Hub)
Top plays at the moment
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$SEI — The ecosystem token that’s used as gas & overall proxy for Sei ecosystem success… duh!)
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$SEILOR — @Kryptonite_fi Liquid Staking token
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$SEIYAN — Memecoin
➥ NFT Collections —
@seiyansnft Top NFT collection that broke
@Pallet_Exchange several times (Pallet is #1 NFT Marketplace on Sei). Better to use
@Dagoraxyz as it’s much more stable
I’m currently holding about 7 Seiyan NFTs and some
$SEI. Accumulating more Seiyans if floor price retraces to <400 SEI
• If you’re new to Cosmos ecosystems (like Sei) and have no idea how to bridge your capital there. Here are the steps
→ You can use Metamask Cosmos Snap but I would not recommend it as many of the dApps don’t support Metamask Snap yet and you won’t be able to connect to the dApp. Instead I’d recommend
@leap_cosmos,
@compass_wallet,
@keplrwallet (for Keplr you have to add Sei which is a bit more cumbersome manually)
→ Bridge fund from EVM chains to Sei using the official Sei bridge (Wormhole) or bridge from EVM to Cosmos Hub or Osmosis with
@squidrouter (Axelar) and perform IBC Swap to Sei directly inside your wallet
→
@astroport_fi has got 99% of the market share on Sei right now so go there if you wanna explore LP opportunities
•
@DefiIgnas has also written a great overview guide on Sei Ecosystem Opportunities. Do check his post here:
nitter.app/DefiIgnas/status…
Have fun exploring!
If you're participating in some new NFT mints (many of which have done really well during the past weeks), would suggest you to have many different wallets e.g. Leap, Compass, Keplr, Fin, to make sure that the mint goes through. The UI/UX, the load & lag could get annoying at times of high traffic