The post The analysis of Messari on the state of the Cosmos blockchain appeared on BitcoinEthereumNews.com.

The blockchain research company Messari has recently published an in-depth report on the state of the Cosmos ecosystem in Q2 2024, highlighting very interesting data. While Cosmos awaits the ICF roadmap for 2025, the DAO has moved on the governance level by approving 11 out of the 14 proposals put forward by the community. The cryptographic project, based on IBC connectivity, is significantly improving its interoperability by having started to communicate with Bitcoin at the beginning of the year. However, the financial data of the blockchain are not the best and the ATOM coin is affected by inflation and the sharp drop in prices in recent months. Let’s see everything in detail below. Messari: the financial data of the Cosmos blockchain ecosystem Messari, a well-known provider of crypto intelligence tools, recently published the report in which it analyzes the progress of the Cosmos blockchain in Q2 2024. First of all, the researcher focuses on the financial data of the cryptographic ecosystem, reporting results below expectations. First of all the price of ATOM, gas and governance token of the Cosmos blockchain, decreased by 45.3% QoQ dropping from 12.63 to 6.73 dollars. Consequently, the market cap also saw a strong decline, falling from 4.8 to 2.6 billion dollars. The decline, however, came after the currency had grown by 46.6% in the previous two quarters, rising from 7.2 to 12.30 dollars. Furthermore, as reported by Messari, even the network revenues reflect a decreasing trend, with revenues recording a 47.9% QoQ drop, from 634,000 to 330,000 dollars. At the same time, the revenues of Cosmos denominated in ATOM have decreased less aggressively with a lower share of 34.6% QoQ, going from 59,200 to 38,700 ATOM. On the other hand, the annualized real yield increased marginally from 4.1% to 4.4% in the second quarter. The…

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Filed under: News - @ September 12, 2024 11:27 am