$SEI rises 14% after launching liquid staking on Silo

Gate.io News: The price of $SEI, the native token of Sei, has increased by 14% in the last 24 hours after the project’s team launched Silo, a means of turning staked SEI tokens liquid and strengthening network security.

$SEI currently trades around $0.8286 ($SEI/USDT), with a market capitalization of $819.93M, and a 24-hour trading volume of $11.98M according to Gate.io trading chart.