The post Cosmos ecosystem faces pressure as Leap Wallet shuts down and NFT platform Intergaze winds down appeared on BitcoinEthereumNews.com.

The Cosmos ecosystem’s struggles appear set to be compounded, as the non-custodial Leap Wallet announced it would stop operating from May 28. The shutdown news arrives as the NFT platform Intergaze revealed it would wind down and remove its rollup from Initia’s ecosystem, moving on from the fading NFT sector, which has failed to sustain activity at reasonable levels. The announcements arrive during a turbulent period for the crypto space, with only a few subsectors and networks maintaining profitability and reporting sustained growth.  For the first time ever, in February 2026, stablecoins reported a higher volume than the Automated Clearing House (ACH) network, according to Alex Obchakevich, managing director at Pagga, citing Artemis data. For context, the ACH processes up to 93% of worker pay and 99% of Social Security payments.  Regulatory clarity from US regulators has also cleared the path for institutional interest from TradFi powerhouses such as BlackRock’s Larry Fink, with All In Podcast host Chamath Palihapitiya also backing tokenization to fully unlock the $150 trillion global equity market.  While those areas are getting the shine, the digital art and metaverse narrative that powered the NFT drive has fallen flat on its face, while the Cosmos ecosystem continues to adjust to draw in some of the growth that has become concentrated on Ethereum, Solana, and BNB Chain, as reported by Cryptopolitan.  Why is Leap Wallet shutting down? The Leap Wallet team, in a blog, explained that it would take its wallet and associated products offline as of May 28, 2026, after “careful consideration.” The team maintained its optimism about the “long-term future of crypto and the interchain ecosystem,” but it believes this decision stems from a “deep sense of responsibility” to its users and the broader Cosmos ecosystem.  As for next steps, the Leap Wallet blog reminded users to migrate their…

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Filed under: News - @ April 3, 2026 5:19 pm