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One precedent for this is the Nervos CKB VM, which is basically RISC-V.
The proposal highlights the Ethereum network's struggle to improve throughput and remain competitive with next-generation monolithic blockchains such as Solana and the Sui networks.
Ethereum co-founder Vitalik Buterin continues to propose ideas to make the smart contract blockchain more competitive with high-throughput chains.
Other blockchain projects have experimented with adopting RISC-V, such as Polkadot’s PolkaVM, introduced in August 2023.
Buterin's proposal considers supporting both EVM and RISC-V contracts as well as creating a dedicated interpreter for converting EVM contracts into a RISC-V equivalent.

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Vitalik proposes replacing EVM with RISC-V

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