The SEI price remains under persistent selling pressure even as the layer-1 network's Giga upgrade advances — an initiative designed to raise transaction throughput and position Sei for tokenized financial markets. As of press, SEI is changing hands at $0.05745, down 7.86% over the past 24 hours, based on the TradingView chart referenced in the analysis.

The network's target of 200,000 transactions per second (TPS) supplies a long-term development narrative, but technical indicators and a shrinking total value locked (TVL) — a measure of assets deposited across a chain's DeFi protocols — point to a more cautious near-term picture. How the project's roadmap and onchain activity reconcile with that price weakness is the question hanging over the token's near-term trajectory.

Why Is the SEI Price Declining Even as Giga Advances?

The daily chart shows SEI trading below the marked $0.06073 level, with resistance around $0.06949. The latest drop follows a rally toward $0.08 in late September and a downward price trend through October. Levels such as these are chart-derived reference points that traders commonly use to frame potential reversal zones, rather than guarantees of how price will behave.

The relative strength index (RSI), a momentum gauge, sits at 40.15, below its 48.62 average. This signals weakening momentum, even though the RSI has not yet reached the conventional oversold threshold of 30.

The moving average convergence divergence (MACD), a trend-following indicator, points in the same direction. The MACD line reads -0.00138, beneath the signal line at -0.00068, while the histogram shows -0.00070. Taken together, these readings indicate that bearish momentum remains in place on the chart.

What Is Sei Giga Aiming For, and Why Could It Matter for SEI?

Per Sei's official announcement, the Giga upgrade is designed to support 200,000 TPS. Its development encompasses Ares, a rebuilt execution engine, and Eidos, an upgraded storage architecture, while Autobahn serves as the consensus component of the broader upgrade. Execution and storage are among the constraints that typically cap blockchain throughput, which is why progress on these components is often tracked as a gauge of roadmap delivery.

The first Ares and Eidos components started rolling out with Sei 6.6, according to the project's July announcement. These changes are intended to strengthen execution and storage as the network advances toward its throughput goal, with subsequent Giga milestones — including the Autobahn consensus component — still to come in the rollout.

Sei's October 22 social media post also underscored the tokenization opportunity, stating that Giga is “targeting 200,000+ TPS and finality under 250ms.” These figures reflect the project's stated ambitions rather than verified current network performance.

Forecasts put tokenized assets at $5.5T by 2030. The plumbing behind every market is being rebuilt onchain: open, global, and instant by default. With Giga, Sei is being purpose-built for tokenized markets, targeting 200,000+ TPS and finality under 250ms. pic.twitter.com/UNUFohkyLX
— Sei (@SeiNetwork) October 22, 2026

Can Tokenization Underpin SEI's Long-Term Outlook?

According to the Tokenization 2030 report from Citi Institute, tokenized assets may reach $5.5 trillion by 2030 under its base-case projection. Tokenization, in this context, means issuing blockchain-based representations of traditional assets, and adoption is expected to be driven in part by public-market securities and liquid collateral, such as equities and US Treasuries.

This projection provides broader context for Sei's emphasis on infrastructure built for tokenized markets. It does not determine how much of that market Sei might capture, nor whether growth in tokenization will lift demand for SEI.

What Does DeFiLlama Reveal About Sei's Ecosystem?

The DeFiLlama chart referenced in the report indicates that Sei's TVL fell from roughly $63–65 million in early June to about $31–32 million by October, suggesting that the total value locked in Sei's DeFi ecosystem declined over the period shown.

The chart also reflects swings in DEX volume, active addresses and transactions. Because TVL captures deposits rather than trading or usage, it is typically read alongside these activity metrics to gauge whether an ecosystem's engagement is broadening or contracting. The data does not establish whether the Giga upgrade was responsible for these shifts or whether upcoming upgrades will reverse the TVL decline.

What Should Traders Watch Next?

SEI's near-term technical outlook remains weak while the price trades below the marked $0.06073 level. A move above this level would offer an initial sign of recovery, while $0.06949 remains the next resistance indicated on the chart.

Beyond price, the watch list is straightforward: whether further Giga milestones are confirmed through Sei's official channels, and whether TVL and activity metrics on the DeFiLlama chart stabilize rather than continue declining. The wider outlook hinges on whether Sei advances along its Giga roadmap and whether ecosystem activity stabilizes. The available data does not confirm that either development will trigger a price recovery.

Crypto markets stay highly volatile, so traders should monitor price action, market sentiment and upcoming catalysts before making investment decisions.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Source: Tron Weekly