The price of Cosmos (ATOM) has shown impressive things lately. On July 20 of this year, the price was at $8.87. A month later, on August 22, the price was already at a price point of $ 24.77. That is an increase of 180% in a month’s time!
Launch of cross-chain bridges
This huge increase did not just happen out of the blue. The project has made a number of major updates during this period. One of those updates was the launch of a so-called cross-chain bridge.
The integration with Sifchain makes the project the first decentralized exchange (DEX) that makes it possible to trade between the Cosmos ecosystem and the Ethereum (ETH) network. This is a very interesting development for many investors and developers.
???? Another shining star joins us:
Welcome to the #IBCgang, @sifchain!???? The value that Sifchain brings to the cosmos ecosystem is undeniable, and we look forward to building an exciting interchain future together!$ATOM $ROWAN $IRIS $AKT $CRO $ OSMO $ION $ DVPN $XPRT $REGEN $ IOV https://t.co/gP8Ek3buRE
— Cosmos – Internet of Blockchains ⚛️ (@cosmos) August 27, 2021
On August 23, it was also announced that a similar functionality for the interoperability between the Cosmos network and the Bitcoin (BTC) network was coming. This integration makes it possible to use bitcoin within the Cosmos ecosystem. This of course means that the enormous liquidity of the largest cryptocurrency can be used within Cosmos.
???? Bitcoin #BTC is coming to #Cosmos! @inter_btc is building an #IBC bridge to enable any IBC compatible chain to access trustless Bitcoin. This exciting step will help Cosmos grow the #DeFi sector & improve inter-blockchain collaboration.
???? Read more:https://t.co/wonb7l0q8W pic.twitter.com/REDoB2Pb4n— Cosmos – Internet of Blockchains ⚛️ (@cosmos) August 23, 2021
Launch DeFi protocols
From decentralized finance (DeFi) sector is one with enormous potential within the world of cryptocurrencies and blockchain. It has grown steadily in recent years and has the potential to revolutionize the world of traditional finance.
Recently, Cosmos has a user interface launched for such a DeFi system. This has been given the name Emeris. This was greatly appreciated by investors and thus the price of ATOM was catapulted upwards.
⚛️ ✨Emeris beta, the first interface for #GravityDEX, is NOW live ????
The cross-chain portal @emerisHQ has just launched, making #DeFI in Cosmos a reality!
Experience the power of cross-chain DeFi today ????
https://t.co/U7V8rkDAYP pic.twitter.com/JzrJg9Ookj— Cosmos – Internet of Blockchains ⚛️ (@cosmos) August 18, 2021
Through the new interface, users of a number of cross-chain Use DeFi protocols. For example, users can already trade on blockchains such as IRISnet (IRIS), Persistence (XPRT) and Akash Network (AKT). This offer will of course be expanded further in the future.
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