Sei Labs needs to simplify its blockchain by going all-in on EVM and dropping help for Cosmos transactions and good contracts.
Sei Labs, a core growth staff behind the Sei blockchain, has unveiled a brand new proposal to ditch Cosmos transactions and CosmWasm contracts and go all-in on EVM to make the blockchain easier and simpler to construct on.
The proposal, Sei Enchancment Proposal-3, is the second to be submitted below the brand new SIP governance course of. If handed, it will imply Sei turns into an EVM-only chain, shifting away from its present twin help for each EVM and Cosmos accounts.
“As EVM utilization continues to dominate exercise on Sei, this proposal displays a transparent path ahead: a streamlined, EVM-first structure designed to scale the following era of DeFi, gaming, and real-world purposes.”
Jay Jog, co-founder of Sei Labs
In line with the proposal, solely EVM addresses will be capable to ship transactions on Sei. CosmWasm contracts and Cosmos message dealing with can be eliminated, whereas staking and governance options will stay obtainable by EVM precompiles.
Sei Labs stated the present twin setup has created friction for customers and builders, with customers having to handle and hyperlink “each EVM and native addresses.” If the proposal goes by, infrastructure suppliers might want to swap to EVM-only APIs. Customers will even want to maneuver property to EVM-native wallets or bridge out Cosmos property, and CosmWasm builders should port their apps to EVM, the staff famous.
In line with Sei Labs, shifting to an EVM-only setup will “considerably simplify the Sei developer and person expertise, cut back infrastructure overhead, and place Sei extra strongly inside the broader EVM ecosystem.” Nonetheless, there’s no clear timeline for when the proposal would possibly take impact.
Amid the announcement, SEI (SEI) value jumped 6% to $0.2, whereas buying and selling quantity surged 17.27%, in line with knowledge from crypto value aggregator platforms.