{"id":87694,"date":"2023-11-30T13:05:45","date_gmt":"2023-11-30T11:05:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87694"},"modified":"2025-09-13T13:27:56","modified_gmt":"2025-09-13T10:27:56","slug":"sei-to-add-evm-support-in-forthcoming-update","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sei-to-add-evm-support-in-forthcoming-update\/","title":{"rendered":"Sei to add EVM support in forthcoming update"},"content":{"rendered":"<p>Developers of Sei Network announced the second version of the network, which will become &#8220;the first parallelized blockchain&#8221; with support for <span data-descr=\"Ethereum Virtual Machine \u2014 the Ethereum virtual machine\" class=\"old_tooltip\">EVM<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Sei v2: Parallelizing the Ethereum Execution Environment<\/p>\n<p>Sei v2 is poised to become the first parallelized EVM blockchain. This major proposed update from Sei Labs aims to deploy a backward compatible Ethereum execution environment integrated into Sei\u2019s core binary, inheriting\u2026 <a href=\"https:\/\/t.co\/6bfYeVsBLX\">pic.twitter.com\/6bfYeVsBLX<\/a><\/p>\n<p>\u2014 Sei ? (@SeiNetwork) <a href=\"https:\/\/twitter.com\/SeiNetwork\/status\/1729867190671941636?ref_src=twsrc%5Etfw\">November 29, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The update will allow migrating Ethereum smart contracts to Sei and using them within the network together with protocols on Cosmwasm.<\/p>\n<p>To implement EVM compatibility, the project team is applying Geth \u2014 the most widely used client of the second-largest blockchain by market capitalization for processing transactions. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This approach provides full bytecode compatibility, allowing the network to easily handle anything that can run with Geth. Moreover, since Sei&#8217;s remote procedure call interface will be identical to the EVM, existing Ethereum tools can be reused easily,&#8221; the developers explained.<\/p>\n<\/blockquote>\n<p>In terms of performance, Sei V2 will deliver throughput of 28,300 transactions per second, and block time will be 390 ms.<\/p>\n<p>The new version of the blockchain will also modify the execution layer&#8217;s operating methods to support &#8220;optimistic parallelization and optimized state storage&#8221;.<\/p>\n<p>In Sei V2, a data structure SeiDB will appear, intended to improve data storage mechanisms on the platform. According to the developers, the technology will prevent &#8220;state bloat&#8221; when the network becomes overly congested with data, and will simplify synchronization with nodes.<\/p>\n<p>Development of the second version of the network is nearing completion. The team estimates Sei V2 will launch in the first quarter of 2024.<\/p>\n<p>On the backdrop of the update announcement, the SEI token price jumped 42% \u2014 from $0.21 to $0.30. However, over time the asset retraced to its initial levels.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/3xfo03UsQcwRDEQSSzS26Jfx6ANjcCWhZzRPfDlA4CRZe_NUwnN6da2cPqYS7ZnzsxR1EekIY1YxLIX2rCKdP6LYjR_xoOwz0DyOl310W2nUFmNv-ho9GojloALUCFMNZqcEyYhLju3ZZApOIR7oj6o\" alt=\"Sei to add EVM support in forthcoming update\"\/><figcaption class=\"wp-element-caption\">15-minute SEI\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/SEIUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In April, Sei <a href=\"https:\/\/forklog.com\/en\/news\/sei-blockchain-startup-raised-30-million-at-an-800-million-valuation\">attracted<\/a> financing of $30 million at a valuation of $800 million.<\/p>\n<p>In August, developers <a href=\"https:\/\/forklog.com\/en\/news\/sei-community-disenchanted-by-modest-airdrop\">conducted an airdrop<\/a> of native tokens, but the community was disappointed with the low rewards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers of Sei Network announced the second version of the network, which will become &#8216;the first parallelized blockchain&#8217; with EVM support.<\/p>\n","protected":false},"author":1,"featured_media":87695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[433,1559,1134],"class_list":["post-87694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-evm","tag-sei-network","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87694"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87694\/revisions"}],"predecessor-version":[{"id":87696,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87694\/revisions\/87696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87695"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}