The self-acclaimed internet of blockchains, Cosmos [ATOM] has reclaimed the $3.5 billion market capitalization after its token displayed a 40% increase in the last 30 days. 

However, CoinMarketCap‘s data showed that the market cap has been receding in the last 24 hours. This was followed by a decrease in ATOM’s value.

Information from Token Terminal showed that active addresses on the Cosmos network had lost its Midas touch. 

The daily active addresses measure the number of participants involved in the transfer of an asset within a day. Between 1 – 23 January, the daily active addresses were on a non-stop increase.