Blockchain platform Sei achieves new high of $115 million TVL, fueled by a surge in usage of Yei Lending application
In the world of decentralised finance (DeFi), the Sei blockchain has been making waves with its impressive growth. Over the past month, the Total Value Locked (TVL) in DeFi for Sei has increased by nearly 80%, reaching a new record of $115 million on September 5.
This surge in TVL is a testament to both retail and institutional investor confidence and sustained DeFi activity on the Sei network. As of mid-2025, the TVL on the Sei blockchain's DeFi ecosystem has shown strong and consistent growth, reaching approximately $626 million with robust month-over-month expansion around 38%.
The network's fast block times (sub-400ms), high throughput (up to 250k TPS), and features like parallel transaction execution and near-instant finality make it well-suited for financial DeFi protocols. The ecosystem is growing through stablecoin integrations (USDC, USDY, USDT) and yield-generating applications.
Two notable DeFi projects on the Sei network are Yei Finance and SiloStake. While the latest publicly available data does not explicitly mention these two protocols' individual TVL or performance metrics, Sei's recent ecosystem growth and upgrades suggest a substantial and expanding DeFi environment that would potentially benefit projects such as Yei Finance and SiloStake.
Yei Finance, the largest DeFi app on the Sei chain, is a lending dapp forked from Aave V3. Users can lend and borrow crypto assets on Yei by connecting their non-custodial wallets. The platform has seen record inflows, with Tether's stablecoin, USDT, having its share double over the last two days due to record inflows on September 5.
SiloStake, the second-largest DeFi app on the Sei chain, is a liquid staking protocol for SEI. SEI holders can stake their coins on SiloStake to target an APR of 4% and receive iSEI. The TVL of SiloStake has surged over 450% in the past month, with the TVL crossing $30 million on September 5, setting a new record.
It's worth noting that the TVL of SiloStake is not included in the blockchain's total TVL displayed on DefiLlama to avoid double counting. On September 5, Sei registered record daily inflows, with nearly $10 million worth of tokens being deposited on the dapps that it hosts.
The most deposited tokens in Sei pools are wSEI - the wrapped version of Sei's native coin, USDT, and USDC. As Sei continues to grow and attract more users, projects like Yei Finance and SiloStake are well-positioned to benefit from this expanding DeFi environment.
In conclusion, Sei’s DeFi TVL is currently robust and growing rapidly, establishing a fertile environment for protocols like Yei Finance and SiloStake, although precise data on their individual TVL is not available from the latest reports. The entire Sei ecosystem benefits from infrastructure upgrades and increasing stablecoin use cases that contribute to this growth trend.
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