Cosmos ecological tokens have generally risen recently, with ATOM rising by 12% on the 7th
According to Coingecko data on November 15th, a recent general rise in Cosmos ecological tokens, including: ATOM - 7-day increase of 12%, currently priced at $9.33; CRO - 7-day increase of 10.5%, currently priced at $0.090; RUNE - 7-day increase of 57.4%, currently priced at $5.06; KAVA - 7-day increase of 11.6%, currently priced at $0.80; KUJI - 7-day increase of 79.1%, currently priced at $3.55; OSMO - 7-day increase of 25.9%, currently priced at $0.63.
Cosmos SDK releases Eden (v0.50) version
On November 8th, Cosmos SDK released the Eden (v0.50) version with the following major updates: comprehensive improvement of consensus mechanism flexibility with ABCI++, reduced complexity of module creation with AutoCLI, improved disk storage and performance with IAVL 1.0, advanced execution of block time with the new "optimistic execution" feature, and improved transaction signing experience with Sign Mode Textual. This version also includes optimization of modular writing and updates to policy modules.
Quasar Finance, the Cosmos ecological DeFi protocol, will launch its first round of airdrops for testnet participants at the end of this month
According to official sources, the airdrop proposal for Cosmos ecosystem DeFi protocol Quasar Finance has been approved. The first round of airdrops will be available to testnet participants and will begin in 22 days. Users can currently check their eligibility for the QSR airdrop on the corresponding page.
Previously in January, Quasar Finance completed a $5.4 million financing round with a $70 million valuation, led by Shima Capital and with participation from Polychain Capital, Blockchain Capital, HASH Capital, CIB, and Osmosis co-founder Sunny Aggarwal.
In March, the Quasar Finance mainnet was launched.
The cross-chain liquidity protocol Catalyst has been launched on the inEVM test network, allowing token exchange between Cosmos and Ethereum
On November 2nd, Catalyst, a cross-chain liquidity protocol for modular blockchain, has launched a testnet with inEVM, which enables composability across Cosmos and Solana. Currently, it has connected liquidity between inEVM and Scroll Sepolia, allowing anyone to exchange INJ and ETH between Cosmos and Ethereum.
As previously reported by Jinse Finance, Injective, a Layer1 blockchain based on Cosmos, announced the launch of Caldera, a Rollup-as-a-Service (RaaS) project that enables true composability across Cosmos and Solana with inEVM.
Cosmos Ecological Foundation ICF: IBC will soon be expanded to Avalanche
Interchain Foundation (ICF) of the Cosmos ecosystem fund announced on X that the cross-chain communication protocol IBC will soon be extended to Avalanche. The Landslide Network team is currently developing an IBC light client on Avalanche, enabling seamless interoperability between Avalanche, Cosmos Hub, and over 100 other blockchains that support IBC.
Cosmos’ proposal to transfer 42.72 million unclaimed NTRN to the Cosmos Hub community pool was approved
On October 30th, the Cosmos #835 proposal was passed, and 42.72 million NTRN coins, worth $13.24 million, which no one claimed, will be transferred to the Cosmos Hub community pool.
Earlier, on October 10th, Binance announced the launch of the 38th new coin mining project, Neutron (NTRN). <br>
The Cosmos Hub community proposes to allocate an annual budget of over 900,000 ATOMs to the core team, and currently the majority of votes are against it
on October 27th, the Cosmos Hub community proposed to allocate over 900,000 ATOM to Informal Systems and Hypha Worker Co-op in the 2024 budget. These funds will mainly be used for the continuous maintenance of cross-chain security protocols, upgrades to the Cosmos Hub Gaia core software, and optimization of testing network programs.
Informal Systems is the core development team of Cosmos Hub, while Hypha Worker Co-op focuses on the consumer chain field. Currently, the opposition vote is in the majority for this proposal.
DYdX Chain is officially launched on the mainnet as an independent Cosmos Layer 1
dYdX V4 and its independent Cosmos blockchain have launched the alpha mainnet phase. DYdX Chain, as an independent Cosmos Layer 1, has officially launched on the mainnet. As of 1:00 PM Eastern Time, dYdX Chain validators have created the genesis block of dYdX Chain.
Cosmos Ecological Liquidity Staking Project Stride Temporarily Shelves Plans to Convert STRD to ATOM
Cosmos ecosystem liquidity pledge project Stride will suspend its plan to convert its native token STRD into ATOM, the token of the core blockchain of the Cosmos ecosystem, Cosmos Hub. Just nine days ago, Vishal Talasani, co-founder of Stride Labs, proposed at Cosmoverse in Istanbul that Stride should merge with Cosmos Hub.
However, the team stated: "After a week of public discussion, the Cosmos Hub+Stride community has suspended the STRD/ATOM conversion, which can be considered shelved, but not completely abandoned."
The Potential and Opportunities of Application-specific Chains on Cosmos
The public chain world is ever-growing. While inflows of users and liquidity bring usage activity and transaction volumes, block space becomes increasingly scarce and valuable. This makes the narrative of a super blockchain network for application-specific chains appealing.
