Trending Project: Cosmos (ATOM)
- Ticker: ATOM
- Sector: Layer 1s/Interoperability
- Network: Cosmos
- FDV: $4B
- Hotness Rating: 🔥🔥🔥🔥
Tl;dr: Cosmos announces ATOM 2.0 and the new vision for Cosmos network.
Cosmos is a decentralized network of interoperable and independent blockchains. All Cosmos-based projects leverage the Inter-blockchain Communication Protocol (IBC) to transmit data and value between them. With the key pieces of Cosmos infrastructure now built — SDK, Tendermint, and IBC — Cosmos is now transitioning to its next phase of growth: ATOM 2.0.
Earlier today the Interchain Foundation released the new vision for the Cosmos Hub. The two main additions are the Interchain Allocator and Interchain Scheduler. The Interchain Ccheduler creates a secure market for cross-chain blockspace across all IBC blockchains. With this there’s a massive economic opportunity for cross-chain MEV.
With the revenue, the Interchain Allocator takes a portion of that revenue to reinvest back into projects built on Cosmos. The introduction of both mechanisms creates a compelling case for ATOM as an asset as well as a growth flywheel for the Cosmos network.
Overall, the roadmap for Cosmos seems promising with the recent announcement. The market is beginning to price in these upgrades as ATOM has broken out against ETH on the 90 day time frame, surging over 100% in ETH terms since mid-August.
