Cosmos Bites #37: Make ATOM Great Again
Cosmos Bites #37: Make ATOM Great Again

Cosmos Bites #37: Make ATOM Great Again

  • Everywhere Apps are coming to the Hub 🌌

  • $sUSDC has landed on Cosmos 🪙

  • ~50K $BTC stacked on Babylon 🐉

  • Osmosis hits $19M in protocol revenue 🧪

  • $100M RWAs tokenized on Mantra 🕉️

  • Celestia Ecosystem Map 🦣

Date

May 17, 2025

Everywhere Apps on the Hub

  • The VM on the Hub will unlock Everywhere Apps leveraging IBC Eureka.

  • Smart contracts compose with liquidity & users on any chain.

  • Servicing all app-chains & users from a central place, from any wallet.

  • Allowing devs to build on every ecosystem at once.

Example of Everywhere Apps

  • Vaults that arbitrage funding rates between DeFi ecosystems.

  • Lending protocols that let you use collateral on any chain.

  • Native-to-native DEX transfers (SOL to BTC) over Eureka.

  • AI agents running strategies across 10 different L1s.

$sUSDC has landed on Cosmos

  • Pryzm is using Eureka to send $sUSDS from Ethereum to Cosmos.

  • $sUSDS by SkyEcosystem is the largest yield-bearing stable in crypto.

  • IBC Eureka enables every token to go multi-chain.

  • The future of cross-chain DeFi is here.

  • Powered by IBC and the Cosmos Hub.

~50K $BTC staked on Babylon

  • That’s 0.25% of the total BTC supply.

  • Total BTC TVL: ~$5B.

  • 42K+ BTC are securing Babylon Genesis chain.

  • For the first time BTC has become a productive asset.

  • It can be staked to secure PoS chains.

Osmosis hits $19M in protocol revenue

More than $19M in protocol revenue has been captured by the Osmosis DEX since genesis in 2021.

Protocol revenue is distributed to 3 buckets:
a) Paid out to stakers
b) Used to accumulate Bitcoin
c) Sent to the Community Pool

Polaris - The Token Portal

Check out our latest video tutorial featuring Polaris, the one-stop platform for trading all tokens across all chains.

Celestia Ecosystem Map

  • 7 Rollup as a Service providers

  • 14 modular frameworks

  • 56 rollups (37 live on mainnet, 19 on testnet)

$100M RWAs tokenized on Mantra

  • $119M worth of RWAs are tokenized on Mantra.

  • Top 10 chains by tokenized assets.

  • Top 5 by holders.

Shield your tokens on Namada

  • Namada added 4 new tokens to their shielding pools.

  • USDC, NYM, UM, and NTRN.

  • The shielded ecosystem is growing.

  • Expanding access to Namada’s composable privacy layer.

Namada Mainnet Phase 4 is imminent

After some hiccups with Phase 3, the team is now preparing for the Phase 4 Mainnet upgrade.

  • Phase 4 will enable shielding rewards.

  • Phase 5 is when the network will be fully functional, and $NAM transfers will be enabled.

MEW - A token launchpad is coming to SAGA

  • Serving as a meme token launchpad.

  • And platform for fair market launches.

  • Built as a chainlet on Saga serving other chainlets.

That's it for today, thanks for reading folks.

We hope this article helped you stay up-to-date with the latest developments in the Cosmos ecosystem.

Disclaimer

This article is intended to educate readers about certain topics and should not be considered financial advice in any way.

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