Cosmos (ATOM) Cosmos is an industry-leading protocol that all | Crypto Great | Bitcoin | DeFi
Cosmos (ATOM)
Cosmos is an industry-leading protocol that allows reliable and authentic communication between interconnected blockchains. It does this through the Cosmos Inter-Blockchain Communication (IBC) framework.
In October, Cosmos Inter-Blockchain Communication (IBC) went live on Terra. Cosmos netted over $18 billion of digital asset liquidity with its Terra entry.
Additionally, with Terra integration, liquidity flows can happen freely between major chains. This will help improve the trading experience on Cosmos’ cross-chain DEXs and accelerate the adoption of Cosmos’ DeFi protocols, Sifchain, Gravity DEX, Coinswap, and Osmosis.
The number of IBC enabled chains on Cosmos stands at 18, with 1.2 million IBC transactions taking place monthly. Cosmos chains are becoming more integrated through IBC. It will be interesting to see which proposals get passed in governance to change the structure.
In September, Cosmos Proposal 56 passed. The proposal aimed to utilize Cosmos Hub as an IBC router. This means utilizing the Cosmos Hub as a router for all chains connected to IBC and should serve as a major catalyst over the next few months. In other news, if you're an advanced user and staked your ATOM tokens prior to February 18, you are eligible for both Juno and Osmosis airdrops. You can claim your Osmosis airdrop here. And you can view if you are eligible for the Juno airdrop here. All ATOM addresses that qualify will be included in the genesis beginning in October. Meaning the same key that staked your ATOM will now have JUNO on it. You are not required to perform any claim action.
The first 20% of your Osmosis airdrop will be automatically available after connecting your Keplr wallet. However, to claim the remaining 80% of your Osmosis airdrop, you must complete these four steps on Osmosis.
Cosmos’ ecosystem is expanding rapidly with its software development tool kit (SDK) and IBC services being used to connect blockchains all across the DeFi ecosystem. It pays to be an ATOM investor.
