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The Potential and Opportunities of Application-specific Chains oThe public chain world is ever-growing. While inflows of users and liquidity bring usage activity and transaction volumes, block space becomes increasingly scarce and valuable. This makes the narrative of a super blockchain network for application-specific chains appealing. Blockchains such as Ethereum are increasingly transforming themselves into settlement layers, allowing most of the economic activities to happen on various Layer 2 or Layer 3 chains building on it. The trend is also taking place in Cosmos, where Cosmos Hub is trying to become the security layer for the application-specific chains or appchains in the ecosystem. Cosmos: A Potential Winner of An Emerging Trend As public chains develop, they have formed large ecosystems. The major ones among them include Ethereum and its various Layer2s and sidechains, Cosmos and its appchains, Avalanche and its subnets, and Polkadot and its parachains. There are many blockchains existing in each of such ecosystems. For instance, there are over 50 appchains in the Cosmos ecosystem. All these chains are connected to each other through the Inter Blockchain Communication or IBC protocol, forming an extensive network. It seems to be a natural evolution of the broader multi-chain ecosystem that each blockchain dedicates its block space to a specific application while relying on the infrastructure provided by a blockchain network. This trend brings new opportunities for all public chains in the ecosystem. Cosmos might stand to benefit hugely from this trend. Firstly, with the IBC protocol, Cosmos has the infrastructure ready to expand its ecosystem horizontally to new chains and applications. Developers can easily build new appchains that are interoperable, and this will, in turn, drive the growth of the ecosystem. Secondly, with the connectivity offered by the IBC protocol and asset issuing chains such as that for USDC, the Cosmos ecosystem has the potential to attract large funds inflows. Lastly, as other ecosystems continue to be plagued by loopholes in their bridges, Cosmos has a bigger chance to grow its market share. Analogous to how people are prone to inhabit crossroads of major trade routes in history, we believe similar opportunities will emerge for Cosmos’ appchains. By building connection points between major ecosystems with appchains, Cosmos will be able to form important hubs that users flock to. And this will give rise to a whole range of new projects too, such as products for stablecoin swapping, arbitrage, and capturing MEV or DeFi protocols aggregating yields on two or more ecosystems. ICS as the Security Cornerstone Replicated Security, originally named Interchain Security (ICS) is a long-anticipated new feature of the Cosmos Hub. It is a family of ‘shared security’ protocols that allow the Cosmos Hub validator set to be used to secure and produce blocks for the appchains. This allows appchains to inherit the robust security of the Cosmos Hub. ICS brings forth a sustainable economic model that brings closer the relationships between the Cosmos Hub and the appchains. Together they will form an ATOM Economic Zone. Specifically, “consumer chains” of Replicated Security will reward the Cosmos Hub with a proportion of their transaction fees or tokens for the provision of security. The rewards will go to ATOM validators and delegators, increasing their income. And these new consumer chains will receive more attention and support from ATOM validators and delegators. ICS marks a giant leap for Cosmos. It significantly lowers the barriers to launching secure new chains, saving consumer chains the trouble of running arduous tests. It also creates a new source of income for the Cosmos Hub, which can be used to further develop the ecosystem. Thanks to ICS, the appchains on Cosmos will have advantages over those in over ecosystems for the following reasons: 1. New chains will be easier to launch. 2. Appchains will not need to assemble their own validator sets or lease validators on other chains, which reduces the risks and security costs associated with launching new chains. 3. ICS will improve interoperability. It could be used to frictionlessly transfer assets, synchronize events, or call smart contacts between different appchains. By joining ICS, the appchains can communicate and cooperate with others in new ways while maintaining sovereignty in aspects such as consensus mechanisms and programming languages. Thus, they can focus more on their key functions and meanwhile benefit from the services provided by other appchain peers. 4. ICS will bring new economic opportunities to the appchains by means of transaction fees, MEV capturing, block space auctions and revenue splits, etc. The Attraction of Cosmos’ Appchains Appchains are an important component of the Cosmos ecosystem. While general-purpose blockchains allow dapps to be launched without permission, appchains decide which applications they’ll run via social coordination. Also, they will need to use IBC for cross-chain communication. It’s a worthwhile trade-off. By giving up the agility of working with general-purpose blockchains, developers enjoy maximum sovereignty with appchains. Plus, as appchains are customized to operate a single application, they offer a better user experience for their dapps. Appchains also make sense as they enable dapps to better capture the value they make. Comparably, on general-purpose blockchains, revenues often leak to gas tokens of the underlying blockchain; and it’s difficult for even some of the most popular dapps to capture most of the value they create. In the sector of hybrid public blockchains which combine the functions of general-purpose and application-specific chains, Cosmos is one of the few that has the infrastructure to enable quick and convenient launch of new chains. This means the ecosystem is faced with great opportunities. It has even attracted some other Layer1 (“L1”) blockchains. Picasso Network, the L1 network on Kusama developed by Composable Finance, is one of them. It aims to provide cross-chain infrastructure for the DeFi sector through its cross-chain virtual machine (XCVM). Picasso exists as the first parachain in the Polkadot ecosystem to be able to connect to Cosmos chains via IBC. It will become a bridge between the two ecosystems. Avalanche’s subnet Landslide is another example. By availing the IBC protocol and other technologies, Landslide aims to allow Cosmos dApps to be ported to the Avalanche ecosystem and reduce the finality time of transactions on Tendermint using Avalanche consensus. It combines the high throughput of the Avalanche consensus and the powerfulness of virtual machines written in Rust, enabling better interoperability between the two ecosystems. Sei Network also realized this trend. They are building Nitro, the first Solana VM chain on Cosmos. Nitro lets developers deploy existing Solana smart contracts with no changes, while users can seamlessly access these apps with Solana wallets. It serves as the gateway between the Solana and Cosmos ecosystems, helping bridge capital, talent, and innovation. It can not only scale the Solana ecosystem to reach more users and developers, but also increase the diversity and overall competitiveness of the Cosmos ecosystem. It offers a new idea of cross-chain cooperation and interoperability. Promising Appchains on Cosmos Cosmos has become a byword for application-specific chains. It represents the most production-ready toolkit to permissionless build new chains. In the long term, as related technologies continue to develop, we believe appchains will be used more and more widely as rollups or rollapps. Here, we introduce some existing and upcoming appchains on Cosmos to give a general picture of this growing segment. Neutron: PoS-based Appchain for Smart Contracts Neutron is a permissionless smart contract platform secured by the Cosmos Hub. Smart-contract applications using CosmWasm can be deployed on Neutron without being whitelisted via a governance vote. It serves as an incubation center for innovative dapps joining the ATOM Economic Zone. Availing CosmWasm-based smart contracts, Interchain Accounts (ICA), Interchain Queries, and their combination, a lot of innovative and experimental products are being developed here, for instance, interchain DEXes. Lido will be among the earliest to deploy an app on Neutron for offering ATOM liquid staking services. Osmosis: Cosmos’ Liquidity Backbone Osmosis is one of the most active chains in the Cosmos ecosystem and it also has the deepest liquidity among IBC-enabled chains with a monthly trading volume of over $1 billion. Osmosis’ major innovation is Superfluid Staking, a module that enables the underlying OSMO tokens in liquidity pools to be simultaneously LPed and staked to secure the security of Osmosis. Its latest Fluorine upgrade comes with new features such as stable swap AMMs, IBC rate limits, and multi-hop swap fee reduction. Particularly, IBC rate limits will limit the number of a specific type of asset that can be moved off from (or on to) Osmosis within a defined time window. It’s a protective feature added in response to the many exploits occurring on cross-chain messaging protocols and bridges. There are even more exciting features due to being launched in 2023, including concentrated liquidity, threshold decryption to reduce MEV, internalizing benign MEV via Skip Protocol, the launch of Mars Protocol to bring lending and borrowing function to Osmosis, interfluid staking, mesh security, etc. The development of Osmosis thus far has been mostly attributed to its high token inflation. But with these upcoming features and integrations providing more opportunities, Osmosis has the potential to become the liquidity backbone in the whole IBC-powered ecosystem and realize more robust growth in the future. Sei: A True Hybrid Layer1 Sei is another promising blockchain built on the Cosmos SDK. It aims to operate as a Layer1 that offers developers a higher degree of flexibility and freedom, allowing anyone to build their own blockchain and various applications with interoperability and language compatibility, especially DeFi applications such as those based on equity or assets. With its technical features, it offers high performance and low transaction fees while maintaining security and scalability. Most importantly, it will launch two highly optimized rollup solutions: Nitro and Paddle. Nitro is a Solana Virtual Machine rollup while Paddle is a Move Virtual Machine rollup. It’s worth noting that the Move VM is an emerging type of smart contract platform that has been adopted by the likes of Sei and Aptos and is being considered one of the fastest and most secure virtual machines available, and Paddle will be the first rollup using a Move VM. Adopting optimized rollup solutions will highly improve the performance and security of a blockchain and, as a result, increase the attraction of its ecosystem. As a hybrid layer1 purpose-built for DeFi applications, Sei is poised to have bright prospects. dYdX: A DEX-focused Appchain DYdX will deploy its own blockchain on Cosmos and it will happen at the same time as the launch of Cosmos Hub’s consumer chain Noble, which will act as the issuance chain for USDC on Cosmos. At that time, dYdX will become Noble’s biggest customer. And this will significantly boost the circulation of native USDC across the Interchain, filling in a long-time missing piece of Cosmos and the IBC protocol. It will also create a virtuous circle where the growth of dYdX will propel the growth of native USDC, the growth of native USDC will help increase economic activity around the Cosmos Hub, the growth of the Cosmos Hub, as the provider of ICS, will boost the adoption of consumer chains and native USDC will facilitate the launch of consumer chains. And the virtuous circle will go on as more and more appchains join. Injective: A Decentralized Derivatives Protocol Injective aims to create a global trading market for derivatives that anyone can trade on freely. The protocol is built to be fully trustless, guaranteeing the security and fairness of transactions. Different from dYdX which is an appchain purely focused on derivatives trading, the Injective chain, like that of Sei, can also provide infrastructure for other applications such as perpetual futures, options, and stablecoins. Duality: A Hybrid between AMMs and CLOBs The core function of Duality is to create AMM pools that allow swaps at a constant price. This is different from typical concentrated AMMs which determine price ranges through price scaling. Duality allows liquidity to be placed at specific prices, resembling limit orders on a CLOB. Any curve can be built on the Duality pool, and traders can access the liquidity shared among all pools using market or limit orders. Like its main competitor Osmosis, Duality aims to internalize arbitrage profits from MEV and redistribute them to LPs. Stride: Appchain for Liquid Staking Stride is a standalone blockchain built using the Cosmos SDK and it has announced the plan to join ICS as a consumer chain to obtain the security and economic alignment provided by the Cosmos Hub. When we think of a liquid staking token, it’s imperative that the security of the underlying asset is not jeopardized by a chain with a low-market cap token and less-tested validator set securing it. Stride has issued the liquid staking tokens stATOM, stOSMO, and stSTARS, all of which have incentivized pools on Osmosis. Stride’s major competitors will include Lido and Quicksilver, another local liquid staking provider on Cosmos. Polymer: A Modular IBC Protocol based on ZK Technology Polymer will be the first zk-IBC appchain in the Cosmos ecosystem. It allows different blockchain protocols to communicate with each other without trusting third parties. With the added features of privacy preservation and security provided by ZK technology, Polymer has great prospects in the field of interchain asset transfer. FairBlock: A Solution to Bad MEV FairBlock is building a solution to combat bad MEV by using distributed Identity Based Encryption (IBE). And it will be a consumer chain secured by the Cosmos Hub. Conclusion The current hybrid public blockchain sector is fragmented with many projects trying to build their own interoperability solutions. The lack of a unified protocol like what TCP/IP means for the Internet is creating a bottleneck for the sector. However, there have been signs of increased adoption of Cosmos where outside Layer1s are gathering to Cosmos to make use of the IBC protocol to join the ecosystem. Against this backdrop, the trend for public blockchains going hybrid with application-specific chains seems to be inevitable. These chains will integrate functions of various other chains and combine them into a more scalable and secure whole. In such hybrid public blockchains, Layer1 will serve as the settlement layer while Layer2s and Layer3s can carry specific applications. These hybrid public blockchains might break the bottleneck and address many problems the sector faces and they will be able to offer more flexible and efficient solutions for more diverse use cases too. The development of any ecosystem is often reliant on the network effect. With each new blockchain joining the Cosmos ecosystem, the value of the network increases. And such an increase might be exponential. In summary, we believe the future will be modular and Cosmos, as a first mover in this field, has an exciting prospect of combining different technology stacks into their more robust versions.
by BingVentures
ATOM/USDT inside triangle formationHey guys 👋 Another one that caught our attention here is ATOM coin. We see a nice triangle formation here with a good potential to go for that last bullish movement before the longer bearish trend. We are going to wait for the price to reach out both sell points which can be good entries. Remember guys, we are still inside the downtrend on bigger picture! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowPremium
5
atomusdt (cosmos) are you rdy?🧨😉Atom currency From the volume point of view, the price to volume ratio is low, the purchase volume is high, so it can be said that the banks are making high purchases, but from the point of view of the bank price, it has not yet reached the desired price of the banks. The price of banks to buy this currency is 18% lower than the current price. So what we are seeing is that the price should first see $8.577, then the best entry target to enter this currency is this price so that we are ready for the upward targets. The first target is $14,660 and the second target is $16,793
by ManochehrAzar
ATOMUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a time frame analysis for ATOMUSDT.1D We are in the day. As you can see, the price is fluctuating in a neutral trend. And our support zone has been able to support the price several times and move towards our first resistance zone. We have specified the desired scenarios with a guide arrow. We have to wait from which side the price starts to break. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Long
by MarsSignals
ATOM - strong accumulation zone before space flight!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Another interesting coin! The first thing to note is that the asset price has been in accumulation for a long time for about 377 days, which is most often accompanied by a strong impulse when a major player appears. Technical: the price is testing the trend line, which is currently a temporary support ($10.360). Everything seems to be good, but it is embarrassing that the pressure to the tread line is confusing, which can lead to a slight correction, as it was recently in bitcoin. So far, I haven’t made any trading decisions on the coin, I want to watch for some more time, if suddenly there is a rebound without correction (from current values), then I will buy on the breakdown of the global countertrend double (5% of the deposit), and the first target will be $ 17.2 last local high. But if suddenly the buyer cannot hold the support (trend line) and we see a correction below the current values, then the first area of interest will be $9.1-9.5. For now, I'm just waiting and watching the schedule.
Long
by DanilBlinkov
1
ATOM BULLS ARE READY?!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. WHAT WE ARE WAITING ON ATOM! As we can see price is still trading inside this symmetrical triangle from a long-term perspective, Since we are here, price now is sitting around the lower rising trendline holding the price, Where we will be looking for new bullish movements. However, for the bulls to kick in from a short-term perspective we need a break above the marked major swing high, which is the neckline of the marked inverse Head & shoulders pattern Then a movement higher would be expected. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
COSMOS #Intraday longThe accumulation of large cluster volumes in this consolidation, in the next test of the zone 11, there is a chance to go higher and break up. What will coincide with the breakdown of the downtrend (the book writes it is necessary to take). I will buy at breakdown, stops will probably be removed under 10.5 and the more distant one under 10.2. Target according to the marking levels. Support for the author of the subscription ✅ and rocket start 🚀. Good luck and profit to all.
Long
by Kirill_Gaitan
$ATOM could reach $80Technically in daily : . ATOM seems to finish its wave 2 composed of a flat + wave x + triangle . An hourly zoom highlights the presence of a bullish diamond pattern which is contributing to the exit of the triangle. . With wave 2 completed, ATOM could then follow up with a wave 3 ending around $75 (projection x1.618) . The breakout above the previous ATH at $45 is worth watching as it would also validate a cup and handle pattern. The convergence of these hypotheses could eventually result in an ATOM between $75 and $83. Basically : . In the near future, Cosmos could become the main layer 0 complementary to ETH and BTC in the years to come. . Its strengths: true decentralization, governance,IBC, security, . . Its dynamics: It is currently growing strongly with liquid staking, the 1st consumer chains on ICS,... Strong increase in the number of developers in COsmos. This opinion is of course criticizable and summary and does not constitute an investment advice. Feel free to comment and give your vision of Cosmos and its positioning
Long
by gamesoftroll
Potential Falling Wedge Formation on ATOM/USDT 1D ChartGreetings traders! I would like to bring your attention to a notable chart pattern forming on the ATOM/USDT 1D chart. The price has been consolidating within a significant falling wedge pattern, which is yet to experience a breakout. It is essential to closely monitor this pattern as it has the potential for a significant price movement. Key Observations: 1)Long-Term Support Trendline Break: The price has recently breached a long-term support trendline, indicating a bearish sentiment. This breakdown adds to the significance of the falling wedge pattern and the importance of monitoring its potential breakout. 2)Resistance at Midrange: Currently, the price is below the midrange level, which acts as a strong resistance zone. This reinforces the importance of waiting for a decisive breakout from the falling wedge pattern before considering bullish positions. 3) The price has reached the upper resistance trendline of the falling wedge pattern but encountered selling pressure and was unable to break above it. This rejection emphasizes the significance of the resistance zone and adds further importance to monitoring the pattern's breakout for potential bullish opportunities. Positive Signals: 1)Stochastic RSI Cross Up: A recent bullish crossover has occurred on the Stochastic RSI indicator, marked by a white circle. This suggests a potential shift towards bullish momentum in the price action. 2)Relevant MACD Cross: The MACD indicator has shown a bullish crossover (M↑ symbol in blue), indicating a potential trend reversal or the initiation of a new bullish phase. Please note that the analysis shared here is for informational purposes only and should not be considered as financial advice. It is always recommended to perform your own analysis and consider other factors before making any trading decisions. Remember to trade responsibly and stay updated with the latest developments in the market. Happy trading! Disclaimer: This content is intended for educational and informational purposes only. Trading involves substantial risk and is not suitable for all individuals. Past performance is not indicative of future results.
by Trading_Paradise
ATOMUSDT → Price is strengthening. Resistance retest is formedATOM on the background of falling red BTC looks very good. A bullish reaction is formed on a false breakdown of the uptrend support. The price forms a bearish wedge, the end of which is formed at the base of the uptrend, hence, the price at the breakdown of the wedge resistance will open the potential for growth to 18.00. The moving averages are acting as resistance at the moment, but the price overcomes the important liquidity zone at 11.00. If the bulls keep the price above the 11.00 area, there might be more chances for breaking through the resistance, and if they do, we might see a good rally soon. Strong support: 11.00, upward channel support, bearish wedge support. Strong resistance: 11.306, downward wedge resistance At the moment the chart shows us some bullish interest on the part of the buyer. The price is preceeding the local levels and continues to strengthen. If the bulls hold the 11.00 area, then on the nearest retest, the price might break the resistance and starts to form an upside to 13.450 Regards R.Linda!
Long
by RLinda
10