This Monday, it was announced that Sei Labs has implemented v6.4 on its mainnet, a critical step forward in the SIP-3 migration. This update introduces the technical capability to disable incoming transfers via the IBC (Inter-Blockchain Communication) protocol, marking the beginning of the end for native compatibility with the Cosmos ecosystem within the network.
Sei Network holds user activity but faces declining TVL and weaker capital inflows in April 2026.
The SEI price remains stuck in a deep bearish trend, even as the crypto markets experience a bullish push with Bitcoin trading above $71,000 and Ethereum around $2,200. The price has plunged heavily by 95% from its all-time high and is trading near the lower boundary of its identified demand zone.
Accessibility grows fast, yet downside risks continue to shadow SEI's rally.
SEI price is beginning to show early signs of a reversal, climbed over 10% today, after an extended period of downside pressure. Recent price action highlights a shift in behaviour, with buyers stepping in aggressively near local lows and driving a sharp reaction backed by rising volume.