- Sei Network plans EVM shift and Cosmos departure.
- Increased transaction throughput to 200,000 TPS.
- Solidity and Vyper developers gain easier integration.
Sei’s pivot to an EVM-only framework aims to streamline development and boost network performance, notably impacting its market competitiveness and attracting Ethereum developers.
Sei Labs, as the primary contributor to Sei Network, is spearheading a strategic move by proposing to deprecate support for Cosmos’s native platform, CosmWasm. Recent publications and governance proposals have outlined this ambition to concentrate solely on the Ethereum Virtual Machine (EVM).
Key industry figures are affected by this shift, particularly developers utilizing CosmWasm, as Sei Network will focus on Ethereum-based applications. Sei Labs described its initiative in the Sei Giga whitepaper, promising over 200,000 TPS and sub-400ms finality.
Sei Labs, Leadership Team, Sei Network, – “Sei Giga represents a significant technical advancement in blockchain technology, aiming to be the first multi-proposer EVM Layer 1 blockchain.” – Sei Labs Publishes Whitepaper
The shift has significant ramifications for cryptocurrency markets as it seeks to enhance compatibility with robust Ethereum applications. Endowments including a $700K initiative by Bitget indicate financial support for this technical transformation, highlighting potential industry impacts.
Sei’s new technical architecture, featuring an Autobahn consensus protocol, is expected to deliver a 50× throughput improvement. Historical analysis shows a trend towards Ethereum compatibility, signifying long-term strategic planning by Sei Labs.
