The post Sei Labs Unveils EVM-Only Network Vision in SIP-3 appeared on BitcoinEthereumNews.com.

Sei Labs, the core development team behind the Sei (SEI), has submitted a proposal, SIP-3, to transition the network to an Ethereum Virtual Machine (EVM)-only model. The proposal seeks to remove support for CosmWasm and native Cosmos transactions to focus solely on an EVM-based architecture. This shift aims to simplify Sei’s ecosystem and reduce the complexities of maintaining dual support for both EVM and Cosmos environments. Sei Labs Pushes for EVM-Only Network  SIP-3 suggests that only EVM addresses can initiate transactions, and all future transactions should be EVM-exclusive. It seeks to phase out CosmWasm contracts and native Cosmos messaging.  However, essential features like staking and governance will remain available through precompiles.  “Moving to an EVM-only architecture will significantly simplify the Sei developer and user experience, reduce infrastructure overhead, and position Sei more strongly within the broader EVM ecosystem,” the proposal read. Importantly, SIP-3 includes a three-phase approach to the EVM-only transition. The first phase focuses on creating EVM pointers. This ensures that all Cosmos and CosmWasm assets are accessible from the EVM side. In the second phase, new CosmWasm deployments will be deprecated. Additionally, Cosmos-based inbound IBC transfers will be blocked. The final phase will involve disabling legacy interactions, removing support for CosmWasm contract execution, and transactions involving non-EVM addresses. Phillip Su, Engineering Manager and Lead at Sei Labs, noted that a significant portion of the network activity is already EVM-based, justifying the decision to focus fully on this. The usage has surged since the launch of Sei v2. SEI EVM User Growth. Source: Dune Sei Network introduced EVM support with Sei v2 in Q2 2024. The network’s performance has been impressive since then.  Su highlighted that it has reached over $500 million in Total Value Locked (TVL). Sei v2 has over 19.3 million total wallets, and a daily transaction…

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Filed under: News - @ May 9, 2025 11:21 am