Sei Labs Goes All-In on EVM: A Bold Move to Simplify Blockchain

Revolutionizing Sei Blockchain with EVM-First Approach

Sei Labs is shaking things up! They're diving headfirst into EVM, ditching Cosmos transactions and smart contracts to streamline their blockchain like never before.

The Sei blockchain's core development team, Sei Labs, just dropped a bombshell proposal that's set to revolutionize the game. They're ready to kiss Cosmos transactions and CosmWasm contracts goodbye and embrace EVM with open arms, making the blockchain simpler and a dream to build on.

This isn't just any proposal; it's Sei Improvement Proposal-3, the second under their new SIP governance process. If it passes, Sei will transform into an EVM-only chain, leaving its dual support for EVM and Cosmos accounts in the dust.

"As EVM usage continues to dominate activity on Sei, this proposal reflects a clear path forward: a streamlined, EVM-first architecture designed to scale the next generation of DeFi, gaming, and real-world applications."

Jay Jog, co-founder of Sei Labs

Get ready for a new era on Sei! If the proposal gets the green light, only EVM addresses will be able to send transactions. CosmWasm contracts and Cosmos message handling? Gone. But don't worry, staking and governance features will stick around, accessible through EVM precompiles.

Sei Labs isn't holding back. They're calling out the current dual setup for causing headaches for users and developers, forcing them to juggle EVM and native addresses. If the proposal goes through, infrastructure providers will have to switch to EVM-only APIs. Users will need to move their assets to EVM-native wallets or bridge out Cosmos assets, and CosmWasm developers will have to adapt their apps for EVM.

Sei Labs believes that going EVM-only will be a game-changer, simplifying the Sei developer and user experience, cutting down on infrastructure overhead, and positioning Sei as a major player in the EVM ecosystem. But don't hold your breath for a timeline just yet.

The crypto world is buzzing! As soon as the announcement hit, SEI (SEI) price skyrocketed 6% to $0.2, and trading volume surged an incredible 17.27%!