Sei Network’s EVM-Only Shift Sparks 14% Surge in $SEI Token

The Sei Network has proposed a major change: transitioning from its existing Cosmos architecture to a fully EVM-compatible system, as outlined by SIP-3. This move is expected to result in improved developer experience and simpler infrastructure. The proposal’s adoption would see the network shift away from its dual-address model towards a more user-friendly Ethereum Virtual Machine (EVM) design. Following this announcement, $SEI token experienced a significant 14% gain, reaching $0.2315, fueled by an impressive RSI and breakout above crucial Fibonacci levels. Sei Labs is set to migrate dApps as part of the transition, streamlining UX for users.