SEI price climbs as project shifts from Cosmos to EVM

SEI has seen its price surge by nearly 14% in the past 24 hours, climbing to $0.2392 as bullish momentum grips the market. This uptick follows a consolidation around the $0.18–$0.20 zone, where buyers have steadfastly defended key support levels. With total value locked tripling over the past seven months and daily trading volume surpassing $160 million, investor confidence appears firmly on the ascent. Sei’s plan to scrap Cosmos support and focus only on EVM In early May, Sei Labs announced a proposal to discontinue Cosmos compatibility in favour of a streamlined, Ethereum Virtual Machine (EVM) model-exclusive architecture designed to simplify its codebase. This strategic shift, communicated via an X post on May 7 , aims to “enhance developer experience, simplify infrastructure, and fully leverage Sei’s parallelised EVM performance as the network builds toward Giga.” Since 2024, Sei has uniquely bridged the Cosmos and Ethereum ecosystems, yet engineers led by Philip Su determined that dual-support imposed an undue infrastructure burden. Dune Analytics data underscores the rationale, revealing that EVM users outnumbered Cosmos participants by 162-to-1 at December’s peak and have maintained above a 2.5-to-1 ratio since then. Source: Dune Analytics While proponents highlight the efficiency gains and heightened developer engagement, detractors voice concerns about migrating existing Cosmos-based assets without reliable bridging tools. One vocal community member lamented the uncertain fate of “OG” collections still housed on Cosmos, calling on Sei Labs to deliver migration solutions before sunset of the Cosmos module. The Wangman @TheWangman_ · Follow Replying to @SeiNetwork Hope they build a bridge for those who have built on the OG side. Our entire collection isn’t on EVM. Would this proposal create a tool for migration? Our collection our staking system. Our permissionless SAAS is all on the COSM side. 10:36 PM · May 7, 2025 13 Reply Copy link Read 3 replies Meanwhile, the network’s total locked value has rocketed from $160 million in October 2024 to $480 million by May 2025, suggesting that investor capital remains undeterred by architectural upheaval. As the debate unfolds, Sei’s decision to focus solely on EVM interoperability positions it squarely within the rapidly growing Ethereum-compatible layer-1 cohort. This move follows a broader industry trend favouring the Ethereum Virtual Machine as the de facto standard for smart contract platforms. SEI price forecast From a technical analysis point of view, SEI is approaching a critical resistance at $0.2400, where a decisive breakout could catalyse another leg higher towards $0.25 and beyond. Supported by ascending 7-day and 50-day moving averages and underpinned by a stable 100-day average, the chart structure suggests that upward momentum remains intact, although the Relative Strength Index (RSI) is approaching the oversold region. SEI price chart | Source: TradingView The token’s market cap of $1.21 billion and a robust 12.03% volume-to-market-cap ratio reflect growing institutional and retail interest in the project. Moreover, SEI’s market dominance at 0.0364% may seem modest, but it underscores its capacity to attract liquidity even amid fierce competition for on-chain activity. Should trading volume sustain or increase upon breaching the $0.2400 threshold, bulls are likely to target former resistance zones near the all-time high of $1.14, albeit in a multi-phase approach. In the event of a failed breakout, the $0.20 level has historically acted as a magnet for dip buyers, offering a reliable floor that supports further accumulation. Ultimately, SEI’s future price trajectory will hinge on the market’s reception to its EVM-only strategy and the network’s ability to deliver on promised migration and scalability enhancements. For now, traders and investors alike will be watching the $0.2400 mark as the fulcrum that could define SEI’s next major move. The post SEI price climbs as project shifts from Cosmos to EVM appeared first on Invezz

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