$SEI Gains 14% as Sei Network Proposes SIP-3 to Become Fully EVM-Compatible

CoinMarketCap
Yesterday
  • Sei Network proposes SIP-3 to deprecate Cosmos and move fully to EVM-only design
  • SEI token spikes 14% to $0.2315 with bullish RSI and breakouts above key Fib levels
  • Developers to migrate dApps as Sei drops dual-address architecture for EVM-native UX

Sei Labs has put forth a major proposal, SIP-3, to turn the Sei network into an EVM (Ethereum Virtual Machine) only chain. The Sei Network team, via a post on X, stated this move intensifies its focus on performance, simplicity, and developer usability, which involves deprecating its legacy Cosmos architecture.

SIP-3: A proposal from @Sei_Labs to streamline Sei's architecture to an EVM-only model has been submitted through the Sei Improvement Proposal process.This proposal aims to enhance developer experience, simplify infrastructure, and fully leverage Sei's parallelized EVM… pic.twitter.com/nxQ9cGYXj2

— Sei (@SeiNetwork) May 7, 2025

Sei’s Proposed EVM-Only Bet: Rationale and Impact

Jayendra Jog, co-founder of Sei Labs, detailed the strategy behind SIP-3 in a separate X post. He emphasized that dominant EVM activity already drives nearly all current usage on Sei, prompting the proposal for a full transi…

The post $SEI Gains 14% as Sei Network Proposes SIP-3 to Become Fully EVM-Compatible appeared first on Coin Edition.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10