Saphyre launches stock and commodity perpetuals on Sei mainnet
- —Saphyre launched stock and commodity perpetuals on Sei mainnet
- —SEI trades near $0.05784, with support at $0.04607 and resistance at $0.06971
- —Sei TVL is about $31 million; stablecoin market cap is roughly $42 million
- —SEI open interest fell to about $70 million from a late-September peak above $100 million
Why it matters: The TradFi derivatives launch reinforces Sei's institutional-adoption narrative, though token demand has yet to confirm a recovery.
Source: TronWeekly