PANews May 8 news, according to The Block, the core development team of the Sei blockchain, Sei Labs, recently proposed a key proposal SIP-3, planning to gradually phase out the existing CosmWasm smart contracts and native Cosmos account functions, fully transitioning to the Ethereum Virtual Machine (EVM) architecture. The proposal aims to simplify the network structure and enhance performance. In the future, the Sei network will only support transactions initiated through EVM addresses, but underlying functions such as validation nodes will still retain support for native Cosmos technology. This transformation is based on actual data after the launch of the Sei v2 mainnet: since the introduction of parallelized EVM in July 2024, EVM-related transaction volumes have dominated network activity. The proposal is currently in the community discussion stage and will be decided through processes such as Snapshot voting. If approved, developers will need to migrate CosmWasm applications to the EVM environment, and users will also need to transfer assets to EVM-compatible wallets. This reform is expected to optimize the developer experience and help Sei deeply integrate into the EVM ecosystem.
