Today, Cosmos Hub is getting more and more understood by many. It has been a struggle in the past due to the fact that ATOM doesn't really have a strong use-case back then. This year seems a lot different from the previous years, the upcoming Gravity Dex and Gravity Bridge will be changing how people look at ATOM, for sure.
I made a post yesterday where I briefly mentioned why Gravity Dex will generate tremendous attention towards the Cosmos Hub. Basically, this cross-chain Dex will utilize Cosmos Hub's native token ATOM as the settlement coin to pay for the transaction fees. Remember what happened to BNB because of the boom of BSC Defi platforms?
One more thing, there is another important piece that will abruptly bring attention to Cosmos Hub, it's going to the Gravity Bridge! It aims to connect other chains into the Cosmos Hub.
https://twitter.com/AltheaNetwork/status/1412177572973010944?s=20
Here's another interesting project in Cosmos Hub that will launch on July 10th, it's the pStake Finance.
As stated, it will allow staked ATOMS to be utilized for Defi applications in another network like Ethereum. It's called "Liquid Staking". It allows ATOM holders to secure the Cosmos Hub through staking while utilizing the value of their staked ATOMS for Defi staking at the same time. The project combines the idea of a bridge and Defi in a single platform. The pStake app basically created the dual functionality of stake ATOMS. Not to mention the dual rewards you get by staking ATOM in Cosmos Hub and additional yield from participating in pStake Finance.
Final Thoughts
Clearly, Cosmos Ecosystem is awakening the beast that has been sleeping for a long time now. The Cross-chain Dex and Liquid staking mechanism were made possible through the IBC protocol. Even Osmosis is also benefiting and utilizing IBC in an experimental manner that Cosmos Hub coins holders are happily participating into. Soon, there will be more Cosmos Hub chains that will see the potential of IBC and will utilize the technology to bootstrap their projects in the Cosmos Ecosystem. This year might be the time for Cosmos to unleash its true potential.
Soon!
My journey to the world of crypto.
NFA: Not Financial Advice!
