Anoma co-founder Christopher Goes (cwgoes) stated that the Cosmos ecosystem is currently almost "dead": many projects have shut down or moved to maintenance (such as Penumbra and Osmosis), and some projects are leaving Cosmos (such as Noble); ICF funding is shifting its focus to ATOM's intrinsic value capture, and user and market interest has fallen to historic lows. He said that this environment puts greater pressure on projects like Namada in terms of high-cost self-developed technology stacks, validator sustainability, and insufficient user demand. Furthermore, the existing Cosmos technology path is no longer optimal for serving Ethereum or Solana asset privacy needs.
Anoma co-founder: The Cosmos ecosystem is nearly "dead".
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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