Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

SEI Network Surges as TVL Hits Record High, Outpacing Competitors

The Sei Network is making headlines this week as it breaks new ground in the decentralized finance (DeFi) arena. In a sign of warm investor sentiments and institutional acceptance, the blockchain’s total value locked (TVL) has hit an all-time peak of $1.15 billion—a breathtaking 56.51% rise in just 30 days. No other DeFi platform comes close to that speed. Recently, only the Ethereum network was mentioned as having surpassed $1 billion in TVL. $SEI ecosystem EXPLODING! TVL just hit ATH of $1.15B with +56.51% growth in 1 month, that`s institutional money pouring into the fastest blockchain for trading! With $21.6M in daily DEX volume and parallel execution capabilities, @SeiNetwork is positioning as the go-to chain… https://t.co/ZAsHr5l1yg pic.twitter.com/cwE7I24PaA — CryptoBusy (@CryptoBusy) May 23, 2025 Institutional Interest Driving TVL and Volume Surge The really strong gain in TVL for Sei Network is drawing close attention from both retail and institutional investors. An exceptional monthly growth rate of 56% makes it strongly suggestive that substantial capital—most probably from institutional players—has been flowing into the ecosystem. This level of investment may be seen as not only a very strong vote of confidence in Sei’s technological prowess but also a signaling that its potential as a high-performance infrastructure for decentralized trading is being seriously recognized. The Sei Network has serious ambition. It wants to be an alternative to Ethereum, and it has gotten the attention of well-known crypto backers to prove it. Volume is only a guess, but at $21.6 million per day, the Sei Network is inching closer to where some of those decentralized exchanges hanging on to DeFi really start to matter. In second place, the Sei Network is almost half of what the Uniswap DEX is doing on Ethereum. If Sei keeps this up for any stretch, a much larger crypto scene than the one we have now is going to have to take it seriously. Explosive User Growth Signals Increasing Adoption The Sei Network is not only amassing a staggering amount of capital lately; it is also rapidly swelling with users. In just the past week, 802,700 more unique addresses have been created in the platform’s second version, bringing the total count to a dizzying 1,682,700. That’s some serious velocity, and it puts the user attainment by this layer-1 blockchain far ahead of other EVM-compatible chains you can think of. For contrast: Viction (@BuildOnViction) increased by 20%, now at 88,000 addresses. Chiliz (@Chiliz) reached 3,300 addresses for a 13% uptick. Polygon (@0xPolygon) enjoyed a 12% rise to 2.22 million addresses. Ethereum, the original smart contract platform, saw comparatively modest growth of 7.7%. EVM chains growth leaders by active address change the last 7d: @SeiNetwork v2: +101% (1.68M addresses) @BuildOnViction : +20% (88K addresses) @Chiliz : +13% (3.3K addresses) @0xPolygon : +12% (2.22M addresses) @ethereum growing slower than all major competitors at just +7.7%.… pic.twitter.com/tx8cTU2HwM — Nansen (@nansen_ai) May 22, 2025 The data indicate that Sei is swiftly establishing itself as a favored blockchain among both novice and veteran users in the decentralized finance (DeFi) arena. This intensity of activity is frequently a forerunner to upward price shifts in a project’s native token, as the user base tends to expand and on-chain activity grows. Demand often translates into higher prices. Positioning as the Go-To Chain for DeFi Trading Sei Network stands out in the world of decentralized finance due to its unique sales model. Where many EVM-based blockchains are built to perform sequential transaction processing, Sei executes transactions in parallel. This makes it a lot faster and less congested—ideal conditions for the sorts of high-demand, high-frequency trading apps that today’s DeFi users want. Decentralized finance, or DeFi, is constantly advancing. And when it comes to trading and developing in DeFi, speed and scalability are must-have features. That’s why Sei has chosen a distinctively DeFi approach to its user experience; it has built an incomparably fast, virtually lagless system for trading, all while maintaining a staggeringly high level of security. The DeFi landscape is intensifying, but Sei Network has found its niche—something that feels increasingly important to us as we watch several new direct competitors enter the space. Sei optimized for something we think is foundational to DeFi and something few projects are focusing on: speed, cost-efficiency, and user scalability. It has an exciting growth trajectory, to say the least. Looking Ahead As the crypto market bounces back and moves toward base-layer blockchains that can deliver performance, Sei Network would seem to be one of the best-positioned protocols to capture the ensuing growth. With its combination of fundamental strengths (growing trading volume, user base, and total value locked), Sei Network appears to be one of the rising protocols in the rapidly reconstituting crypto market. Although the market is always volatile in the short term, the indicators underlying Sei suggest it is more than a passing fancy. If the current trend holds, it could soon become the go-to chain for power users of DeFi and trading platforms of an almost institutional grade. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinOtag

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Cetus Exploit Drains $223M: DeFi Faces Massive Breach While Sui Network Holds Firm

In one of the most momentous events of 2025, the decentralized exchange Cetus suffered a sophisticated attack that brought about the loss of $223 million in crypto assets. The incident, now generally called ‘The Cetus Hack,’ was not a simple exploitation of a vulnerability but rather an orchestrated digital heist that used token spoofing, smart contract manipulation, and a neat escape route that concluded with tens of thousands of Ether apparently disappearing into thin air. Even though the incident was serious, the Sui blockchain—hosting the Cetus DEX—was still running and stable. While parts of the DeFi ecosystem panicked, the Sui infrastructure stood tall, keeping coordinated in real-time and maintaining zero downtime. Inside the Exploit: Token Spoofing and Overflow Glitch Per security analysts and on-chain forensics, the attacker started the breach by creating a fake token and shoving an almost nonexistent amount of liquidity into a Cetus pool. This action, while seemingly trivial, caused an overflow in the automated market maker’s math logic, breaking its balance calculations and allowing the attacker to pull out large quantities of legitimate tokens—$SUI and $USDC—without providing any corresponding value. In just a few minutes, the assailant siphoned off an estimated $223 million worth of tokens. Of that, about $60 million got out of the protocol before countermeasures were enacted. The money was swiftly bridged to Ethereum, where it was turned into around 22,000 ETH. THE CETUS HACK: $223M GONE. $6M ON THE TABLE. This wasn’t a glitch. It was a heist. Fake tokens. Overflow exploit. 22K ETH exit. Now a $6M bounty is being offered to get the money back. But the real story? Sui just proved it’s built for chaos. pic.twitter.com/TFpnOCCa1d — Kyle Chassé / DD (@kyle_chasse) May 23, 2025 The attack’s audacity and precision took many in the DeFi world by surprise. Memecoins across the Sui ecosystem fell by as much as 90%; the satellite tokens that go along with the Sui ecosystem saw huge price drops. Even the stablecoin $USDC temporarily fell off its peg. And yet, the blockchain’s native token, $SUI, pump stays relatively safe. That’s the takeaway from the episode. Damage Control in Real-Time: No Chain Halt, No Panic What made this exploit different from other high-profile breaches? It wasn’t just the mass of stuff they made off with; it was what happened next. Most blockchains, when they’re really under threat, either pause operations and go into emergency mode or just flat-out roll back some transactions. Didn’t happen here. Sui kept right on operating. In fact, the validators coordinated so well that you’d almost think they were prepped & ready for a network-defining moment. This is particularly remarkable in a setting where numerous layer-1 blockchains count on centralized interventions or “pauses” to reduce harm. Sui, instead, illustrated the advantages of strong architecture and decentralized decision-making, even in extreme levels of stress. Cetus proclaimed a $6 million bounty in the hours after the attack—payable in $SUI tokens—for the return of the stolen funds. This is not your standard bug bounty; it’s a last-ditch negotiation. Cetus is offering what amounts to ransom, and hoping to recover stolen assets before they are laundered using the usual privacy tools and mixers. Sui Deploys Emergency Tools as Recovery Effort Begins In a high-stakes effort to reclaim authority over the situation, Sui has put into effect a fresh whitelist function that enables certain transactions to circumvent standard security protocols. Rounding out the suite of new tools is a restore module, accessible only to a select few, that could let Sui either pull back assets snatched by the attackers or pay back the many liquidity providers whose funds were misappropriated. These devices signify a bold but thoughtful move in the direction of responding to DeFi incidents. While detractors may ask whether security is being bypassed in too many places, the transparency of Sui’s actions and the speed with which they have been carried out suggest that a very well-coordinated recovery plan is in progress. Even though Cetus has suffered a large amount of damage and the wider DeFi space on Sui has been impacted, the Sui chain itself seems to have passed a significant stress test. This situation serves not only to starkly illustrate how vulnerable complex smart contracts are but also to underline the resilience and responsiveness of Sui’s core architecture. The next move is for the attacker to make—but the bounty is active, and the pursuit has begun. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinOtag