SEI's second half performance is showing real momentum. The ecosystem is firing on multiple cylinders right now.

Sakura Nexus Genesis NFTs went off the market fast—zero friction, strong demand signal. Meanwhile, Kindred AI and Memecore are aggressively rolling out AI unit distributions directly on-chain, no gatekeeping.

What's interesting isn't just the individual wins. You've got different verticals gaining traction simultaneously. NFTs moving, AI infrastructure scaling, on-chain activity compounding. That's when network effects start stacking. Each vertical pulls liquidity and users into the ecosystem, creating a flywheel effect that feeds the others. Early signals suggest SEI's Q4 narrative might be shifting from infrastructure play to actual product-market fit across multiple use cases.