Sei Just Deleted Hundreds of Thousands of Lines of Code — And That Might Be the Smartest Move in Crypto
On April 6, Sei Network will flip a switch that no major Layer 1 has ever flipped before. The chain will disable its entire Cosmos stack — CosmWasm smart contracts, IBC interoperability, native oracle, bech32 addresses — and emerge on the other side as a pure EVM chain. Coinbase has already announced it will suspend SEI deposits and withdrawals during the April 6–8 migration window. Holders of USDC.n who haven't converted to native USDC risk losing access to roughly $1.4 million in assets.
This isn't a minor upgrade. It's an architectural amputation — and it could be the most consequential infrastructure decision any blockchain makes in 2026.