Sei stablecoin market cap hits $330.5M, transaction volume peaks at $4.9B in May 2026

Sei network's stablecoin market cap reached an all-time high of $330.5 million on May 15, 2026, with transaction volume hitting $4.9 billion in May, marking the strongest month this year. This growth reflects increased user engagement and capital activity on the blockchain, supported by Feather’s vault deposits of $59.8 million and record borrowing of $24.3 million. Additionally, Sei's real-world asset sector saw $151.8 million minted in May, driven by Ondo’s U.S. Dollar Yield asset, signaling ongoing institutional interest. Despite a recent 25.1% drop in SEI token price, on-chain fundamentals like TVL and transaction counts indicate a recovering and active network.