Sei Foundation Unveils ‘Parallelized’ EVM In v2 Upgrade, Driving 11% Spike In SEI’s Price

To increase the capabilities of its Layer 1 (L1) blockchain, the Sei Foundation has announced a governance proposal to upgrade Sei to Version 2. This proposed upgrade will reportedly introduce a “high-performance, parallelized” Ethereum Virtual Machine (EVM) to improve the network’s overall functionality.
Sei Rolls Out Multi-Phase V2 Upgrade
According to the announcement, the Sei V2 launch will be rolled out in three phases to minimize risk, set user expectations, and optimize