Evmos moves away from Cosmos: Gauging ATOM’s reaction How t | Crypto Push

Evmos moves away from Cosmos: Gauging ATOM’s reaction

How this development impacts Cosmos
As part of this transition, fees generated from the discontinued Cosmos transactions will be permanently removed (burned). Users who exclusively use Cosmos wallets will have to switch to EVM-compatible clients.

How ATOM reacted
AMBCrypto’s analysis of ATOM’s daily timeframe chart showed that the token remained unaffected by Evmos’ developments. At the time of this report, it was trading at around $8, showing a gain of over 2% in value.