Blockchain platform Sei reaches a new high of $115 million TVL, propelled by a surge in usage of the Yei Lending application.
Yei Finance and SiloStake Drive Growth on Sei Blockchain
The Sei blockchain, known for its focus on speed and EVM compatibility, has seen a surge in DeFi activity, with Yei Finance and SiloStake leading the charge.
As of mid-2025, Yei Finance, a leading DeFi money market protocol, boasts a total value locked (TVL) of $380 million, making it the largest native application on Sei. This significant portion of Sei’s ecosystem TVL, which hit an all-time high of $680 million, underscores Yei Finance's dominant role.
Yei Finance offers a range of services, including lending, borrowing, and leveraged staking. Its cutting-edge oracle integration with API3’s decentralized oracle network has been instrumental in its success. Since June 2025, Yei Finance has captured over $80,000 in Oracle Extractable Value (OEV) revenue by leveraging API3's price feeds.
SiloStake, another DeFi app on Sei, has also seen impressive growth. On September 5, its TVL crossed $30 million, marking a surge of over 450% in the past month. This growth can be attributed to the increased demand for liquid staking solutions.
The most deposited tokens in Sei pools remain wSEI, USDT, and USDC. Notably, USDT's share has more than doubled over the last two days on the Yei platform, which is dominated by Tether's stablecoin.
Sei's market cap surpassed $1 billion by mid-2025, a testament to the growing popularity of the blockchain. Innovations like the Twin Turbo consensus (300 ms block finality) and native layer-1 order matching engine provide a high-performance foundation that supports Yei’s high transaction throughput and responsive user experience.
Integration with MetaMask has further boosted Yei Finance's adoption, exposing the Sei ecosystem to 100 million+ users.
In summary, Yei Finance and SiloStake are major, rapidly growing DeFi applications on the Sei blockchain. Backed by innovative oracle integration and a high-speed blockchain environment, they reflect both strong current popularity and ongoing active development within Sei’s expanding ecosystem.
- In the rapidly expanding Sei ecosystem, Yei Finance, a leading DeFi money market protocol, continues to dominate with a daily news worth of $80,000 in Oracle Extractable Value (OEV) revenue, showcasing its significant growth in the finance sector.
- Daily technology updates highlight the surge of SiloStake on Sei, reaching a TVL of $30 million, reinforcing its place as a notable DeFi application on the fast and EVM compatible blockchain, attracting an increasing demand for liquid staking solutions.
