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

ChainCatcher news, according to The Block, the core development team of the Sei blockchain, Sei Labs, recently proposed a key proposal SIP-3, which plans to gradually phase out the existing CosmWasm smart contracts and native Cosmos account functionalities, fully transitioning to the Ethereum Virtual Machine (EVM) architecture. This proposal aims to simplify the network structure and enhance performance. In the future, the Sei network will only support transactions initiated through EVM addresses, while underlying functions such as validation nodes will still retain support for native Cosmos technology.

This transformation is based on the actual data following the launch of Sei v2 mainnet: since the introduction of parallelized EVM in July 2024, EVM-related transaction volume has dominated network activity. The proposal is currently in the community discussion phase 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 their assets to EVM-compatible wallets. This change is expected to optimize the developer experience and help Sei deeply integrate into the EVM ecosystem.