Christopher Goes, co-founder of Coinbase-listed altcoin Anoma (XAN), stated the Cosmos (ATOM) ecosystem is in extreme decline and is successfully nearing its finish.
Based on Goes, many initiatives inside the Cosmos ecosystem have lately ceased operations fully or considerably scaled again. Some initiatives have been shut down, whereas others have merely gone into upkeep mode and redirected sources to different ecosystems. It has additionally been famous that some initiatives have determined to depart Cosmos fully.
The assertion cited examples resembling Penumbra’s shutdown, Osmosis going into upkeep mode and redirecting sources elsewhere, and Noble’s exit from the Cosmos ecosystem.
Christopher Goes stated that person and market curiosity within the ecosystem is at a traditionally low degree, making sustainability troublesome for initiatives with excessive prices and specialised technical infrastructure. Ghose stated the truth that a lot of the capital is concentrated in particular property, leaving your complete ecosystem off the precedence listing, makes Cosmos’ future much more unsure.
*This isn’t funding recommendation.
