PANews reported on May 8th that according to The Block, Sei Labs, the core development team of Sei blockchain, recently proposed a critical proposal SIP-3, planning to gradually phase out existing CosmWasm smart contracts and native Cosmos account functions, and fully transition to the Ethereum Virtual Machine (EVM) architecture. The proposal aims to simplify network structure and improve performance. In the future, the Sei network will only support transactions initiated through EVM addresses, while maintaining Cosmos native technology support for underlying functions such as validator nodes. This transformation is based on actual data after the Sei v2 mainnet launch: since the introduction of parallel EVM in July 2024, EVM-related transaction volume has dominated network activity. The proposal is currently in the community discussion stage and will be decided through processes like Snapshot voting. If approved, developers will need to migrate CosmWasm applications to the EVM environment, and users will need to transfer assets to EVM-compatible wallets. This change is expected to optimize developer experience and help Sei deeply integrate into the EVM ecosystem.
The Sei community is considering abandoning the Cosmos native account and switching to the EVM architecture
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