A recent report by Messari focuses on the state of the Cosmos ecosystem in Q2 2024. The report highlights a decline in the financial data of the ecosystem, including a decrease in the price of the ATOM token and a drop in market cap. Network revenues also saw a significant decrease. The report also delves into the role of inflation in the Cosmos blockchain and how it has been minimized by the growth of the real yield. The report mentions the implementation of deflationary mechanisms and the goal of reducing ATOM emissions. The Cosmos community is currently discussing proposals to improve the efficiency of the currency. The report also examines the divergence of IBC transfer volumes in the last quarter, reflecting a trend of increased interactions between chains despite a decline in daily active addresses.
YieldNest Unveils First Liquid-Restaking Token on BNB Chain as Return-Boosting Strategy Gains Ground