sei defi just did something most chains cannot pull off

look at this tvl breakdown and you will see what everyone missed. sei hit $609m tvl in q2 while the token pumped 63%, but the real story is in the protocol distribution.

yei finance holds $366m of that tvl - over half the ecosystem. this is not diversified defi growth, this is one protocol doing heavy lifting.

sailor and dragonswap add another $154m combined. three protocols control 85% of sei's entire defi ecosystem.

this concentration actually creates opportunity most people are not seeing. when tvl is spread thin across dozens of protocols, yields get arbitraged away quickly.

but when three protocols dominate, there are gaps in the market. smaller protocols like stargate finance at $12m or yaka finance at $9m could offer better rates because they need liquidity.

the evm compatibility from may 2024 enabled this growth. but the real alpha is that sei defi is still concentrated enough to find edges.

most mature chains have tvl spread across 20+ major protocols. sei still has clear leaders and clear gaps where smart capital can find better returns.

the chart shows steady growth since december 2024, not just recent hype inflows. this suggests sustainable protocol development, not just speculative money chasing the latest narrative.