Cosmos (ATOM), the token powering the eponymous blockchain community, is up 12.7% over the previous 24 hours. ATOM is presently buying and selling at $11.45, in response to knowledge from CoinMarketCap.
ATOM is the Twenty seventh-largest cryptocurrency with a market capitalization of $3.2 billion.
Regardless of right this moment’s bullish motion, ATOM nonetheless trades 74% down from its all-time excessive of $44.70 recorded in September 2021.
There was a spike within the coin’s buying and selling quantity throughout completely different exchanges. Its complete buying and selling quantity hovers round $327 million over the previous 24 hours, 11% up from the earlier buying and selling day.
Cosmos is a decentralized community of impartial parallel blockchains every powered by Byzantine Fault Tolerance (BFT) consensus algorithms. It additionally permits builders to develop their very own blockchains and permits all Cosmos-based blockchains to work together with each other.
Among the extra fashionable blockchains inside the Cosmos ecosystem are Thorchain, Kadena, and, maybe much less so lately, Terra.
What number of Cosmos networks exist?
There are a complete of 49 tokens working within the Cosmos ecosystem and 28 InterBlockchain Communication (IBC) enabled blockchains deployed as nicely.
A complete of 265 apps and providers assist the cosmos ecosystem together with blockchains, wallets, and explorers, in response to knowledge from Cosmos.
The whole worth locked (TVL) in Cronos, the biggest protocol by TVL within the ecosystem, elevated by 2.16% to $2.32 billion over the previous 24 hours, in response to DefiLlama.
As for Kadena, its TVL stands at $7.2 million, up 18% over the previous 24 hours, in response to knowledge from Defi Llama.
In addition to DeFi exercise, underlying tokens for varied Cosmos-based tokens are additionally on the rise.
Previously day, Cronos (CRO) lifted 4.67%, Thorchain (RUNE) is up 2.6%, Kava (KAVA) rose 8.8%, Kadena (KDA) jumped 10.8%, and Cartesi (CTSI) is up 6%.
In the meantime, the biggest cryptocurrency available on the market, Bitcoin (BTC), is up 4% over the previous 24 hours and presently trades at round $30,187.
Ethereum (ETH) is up 4.4% over the previous 24 hours and presently altering fingers at $2,026.
The views and opinions expressed by the writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.
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