- Main event: Sei Labs shifts to EVM-only network architecture.
- Focus: Developer simplicity and infrastructure advancement.
- Potential impact: Improved network throughput and ecosystem adoption.
Lede: Sei Labs has proposed transitioning its network to an EVM-only architecture with the submission of SIP-3.
Nut Graph: The transition aims to simplify development and improve network speed, potentially attracting more developers and institutional involvement.
Sei Labs’ Proposed Transition
Sei Labs, seeking to streamline its network architecture, has announced its proposal to shift to an Ethereum Virtual Machine (EVM)-only structure. This change aims to enhance the developer experience and infrastructure efficiency, aligning with broader network goals.
The proposal, known as SIP-3, was announced on Sei Labs’ official blog. It emphasizes community feedback and aims to transition the network to exclusively support EVM, a move seen to cement Sei as a leading Layer 1 blockchain.
If approved, the proposal’s implementation would primarily impact the network’s native token, SEI, and associated infrastructure. The broader Ethereum ecosystem would see an increase in interoperability, enhancing developer and asset interaction.
“Sei Labs has announced the submission of SIP-3, a proposal aimed at refining the Sei architecture to exclusively support the Ethereum Virtual Machine (EVM) mode. This initiative seeks to improve the developer experience, simplify infrastructure, and leverage Sei’s parallel EVM capabilities to advance the network towards its Giga objectives.” — Sei Labs, Official Entity
Financially, the shift aligns with Sei’s larger “Giga” upgrade, backed by major institutions. This suggests a probable increase in liquidity, total value locked, and market volume in EVM-compatible ecosystems.
Sei’s transition may reflect historical analogs like Ethereum-compatible chains’ growth post-transition, forecasting increased adoption and developer interest. This proposal’s approval could reinvite ecosystem dynamics similar to past EVM adoptions.
