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

• 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.

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…

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