We’re only in Q2 but 2021 has already been a record-breaking year for Cosmos. Its continually expanding network of blockchains built with environmentally friendly Proof-of-Stake Cosmos SDK technology now comprises more than 240 apps and services with around $100 billion of digital assets under management.
Cosmos includes crypto powerhouses like Binance Coin, Terra, Crypto.com, Cosmos Hub, and many others. And it’s an ecosystem that looks set to expand thanks to its Stargate upgrade that helps developers build energy-efficient blockchains quickly with the highly anticipated Inter-Blockchain Communication (IBC) protocol.
As Cryptoslate reported in March, IBC ushers in a new era of interoperability and scalability, connecting independent blockchains like never before, allowing different networks to exchange tokens and other data. So far, Cosmos Hub, Akash Network, IRISnet, and Crypto.com have all enabled IBC and work is underway to connect major other chains like Celo and Polkadot.
But Cosmos isn’t stopping there. The next step in its quest for a multichain future is to bring DeFi to Cosmos by using an inevitable force: Gravity. Through a combination of the most advanced interchain DEX, Gravity DEX, built by Tendermint and the B-Harvest team, and a secure decentralized bridge to Ethereum (Gravity Bridge) built by Althea Network, Cosmos will literally pull billions of dollars of capital and liquidity toward it.
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