From Injective to Celestia, Understanding the Representative Projects on the Cosmos Chain
Author: Arkady childe
In the world of investment, extreme volatility seems to be the unchanging rhythm of a bull market. However, behind this, there are always some tokens that not only stabilize their position but also demonstrate remarkable strength amidst the turmoil. The performance of these tokens is not just an isolated case but a reflection of the overall strength of the sector. Paying attention to these rapidly rebounding tokens provides investors not only a window into market hotspots but also an important reference for future decisions.
Recently, public chains like Solana and Avalanche have become hot topics, and the investor community has begun to have expectations for the Cosmos ecosystem. Especially in November this year, the Cosmos Hub community launched a compelling proposal (code-named #848) to adjust the inflation rate of ATOM. This proposal advocates reducing the ATOM inflation rate from about 14% to 10%, thereby lowering its staking annual interest rate from approximately 19% to 13.4%. This policy adjustment not only triggered a strong market reaction but also led to a general rise in tokens within the Cosmos ecosystem, with the ATOM token achieving an increase of up to 12% within a week.
In the vast landscape of the Cosmos ecosystem, what other projects should not be overlooked besides ATOM? Let’s explore below.
When exploring the Cosmos ecosystem, we must analyze several key projects that not only exhibit significant market performance but also represent the diversity and foresight of this ecosystem.
Injective: Committed to providing decentralized order book modules for developers to build applications
As a blockchain built on the Cosmos SDK, Injective is dedicated to providing decentralized order book modules, enabling developers to create various DeFi applications.
Notably, on December 12, the price of INJ reached a peak of $26.57, with a 24-hour increase of 20.02%. Although it subsequently declined, its market capitalization reached $2.246 billion, firmly ranking 36th in the cryptocurrency leaderboard. Possible catalysts for this performance include the Avalon mainnet upgrade and the issuance of tokens by the Injective-based NFT marketplace Talis.
Celestia: Named for its support of modular blockchain architecture, recently saw a significant rise in total market capitalization ranking
Celestia is known for supporting modular blockchain architecture, with its native asset TIA recently breaking through $11.5, achieving a 14.9% increase in 24 hours, and setting a historical high of $11.7, with a market capitalization of approximately $1.766 billion, ranking 45th in the cryptocurrency leaderboard.
Celestia's success is partly attributed to its listing on major exchanges and the widespread anticipation for modular blockchains.
Osmosis: DEX providing cross-chain trading functionality for Cosmos
As a major DEX in the Cosmos ecosystem, Osmosis offers cross-chain trading functionality.
According to DeFiLlama data, Osmosis's TVL reached $157 million, with its native token experiencing an 18.67% increase over the past month and a 22.9% increase within a week, currently priced at $1. Its success stems from the overall upward trend of the Cosmos ecosystem and its leading position within it.
Kujira: Layer 1 platform on the Cosmos chain with a comprehensive product system in the ecosystem
Kujira is a Layer 1 platform with an ecosystem matrix that includes various protocols and products. Kujira's TVL has significantly increased since September, currently at $95.39 million, with a 7-day increase of 13.35%, and the price of the token KUJI has reached $4.26, with a 7-day increase of 28.9%.
Its growth is attributed to a significant 50% increase in total locked value (TVL) within a month, sustained growth momentum, the overall upward trend of the Cosmos ecosystem, the complete circulation of the token, and the rapid development and popularization of real-world assets (RWA), all of which form the foundation of the project's strong momentum.
Neutron: Permissionless smart contract platform for cross-ecosystem development in the IBC network
Neutron, as a permissionless smart contract platform, provides application expansion across the IBC network. Its native token NTRN reached a price of $0.81 after the launch of U-based perpetual contracts on Binance, with a 24-hour increase of 38.3%.
Its growth potential is supported by a strong investment lineup and incubation by the core team of Lido.
Fetch.ai: A Cosmos Dapp continuously advancing in artificial intelligence and blockchain technology
Against the backdrop of the AI+Crypto concept being fervently pursued, Fetch.ai, built on the Cosmos-SDK, has attracted widespread attention.
Fetch.ai aims to build a decentralized intelligent world through blockchain and artificial intelligence algorithms. Its native token FET is currently priced at $0.57, with a 24-hour increase of 10.61%, and it also encompasses applications such as Resonate and MOBIX within its ecosystem.
The above data and analysis show that the Cosmos ecosystem is not only rich and diverse but also that its internal projects exhibit strong market performance and growth potential. The success of these projects not only proves the powerful capabilities of the Cosmos ecosystem but also provides investors with opportunities worth paying attention to. As these projects continue to develop and the entire ecosystem matures, their positions in the market will be further solidified and enhanced.
As we delve deeper into the key projects within the Cosmos ecosystem and their potential driving factors, it is evident that this ecosystem is at a critical moment of rapid development. The diverse projects and innovative technologies within it are continuously pushing the boundaries of this ecosystem, establishing its significant position in the digital currency field. With the ongoing evolution of the market and further maturation of technology, we can expect the Cosmos ecosystem not only to maintain its existing achievements but also to open up new avenues for development, bringing more innovation and opportunities to the entire cryptocurrency industry.