Sei Labs' new proposal plans to abandon Cosmos native accounts and fully switch to EVM architecture

According to Mars Finance, according to The Block, Sei Labs, the core development team of Sei blockchain, recently proposed a key proposal SIP-3, planning to gradually phase out the existing CosmWasm smart contracts and native Cosmos account functions, and fully switch to the Ethereum Virtual Machine (EVM) architecture. The proposal aims to simplify the network structure and improve performance. In the future, the Sei network will only support transactions initiated through EVM addresses, but underlying functions such as verification nodes will still retain Cosmos native technical support. 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 volume has dominated network activities. The proposal is in the community discussion stage and will be decided through processes such as Snapshot voting. If passed, developers need to migrate CosmWasm applications to the EVM environment, and users also need to transfer assets to EVM-compatible wallets. This change is expected to optimize the developer experience and help Sei deeply integrate into the EVM ecosystem.