⚛️ Cosmos (
$ATOM ): Crisis or Ecosystem Reboot?
Market capitalization: $895M.
Cosmos was once considered one of the most promising blockchains, offering a unique architecture for creating independent yet interconnected networks.
🟡 However, the ecosystem is currently going through tough times.
What's happening❔
🗣Mass developer exodus has become a reality. The Noble protocol, which processed billions in transactions and issued USDC for Cosmos DeFi, left the ecosystem to launch its own EVM-based L1.
🗣Besides Noble, Penumbra, Comdex, Kujira, and Evmos either scaled down or shut down complet