Looking at the last 24 hours, the tape feels calmer than the headlines suggest.
Price is consolidating, ETFs are still active, and majors are holding key levels. Seems like a market catching its breath rather than breaking down.
What’s everyone watching next?

What stands out here is how coordinated the stack has become. Capital, access, settlement, and security all reinforcing each other on a single execution layer is how real scale gets built.
For $SEI, this reads less like experimentation and more like infrastructure settling into place.

Looking at the DeFi metrics today, the first thing that stands out is TVL holding $122.003b with only a minor dip on the day. For me, that reads as stability rather than weakness.
What really stands out is stablecoin market cap continuing to rise on the week. Liquidity is still building on chain, which usually means capital is getting positioned, not pulled.
DEX volume being up week over week adds to that. Spot activity is staying active while perps volume cools off, which often shows leverage being reduced without killing participation.
Put together, this feels like a healthy reset. Liquidity

The memecoin dominance index has fallen by 70% from January highs — Cryptorank

Aggressive Bitcoin accumulation at $91,000 indicates extreme conviction, according to CryptoQuant.
$BTC

CryptoRank: Tokenized Commodities Outperform $BTC This Year

CryptoRank: Over 4 million $BTC is already held on the balances of institutions, corporations, ETFs, sovereign funds, governments, and DeFi protocols.