This Week in Cosmos with WhisperNode

Welcome to This Week in Cosmos, brought to you by WhisperNode, your go-to roundup of the most compelling developments in the Cosmos ecosystem.

What did we cover this week?

• Cosmos ecosystem highlights: Injective, Sei, and more

• New earning opportunities

• Galxe of opportunities: Career openings, Bounties for devs, Hackathons, and more

• Missed last’s week highlights? Read Here
  
  
  

What's New in Cosmos, Interchain and IBC

• Injective’s Ecosystem Highlight
  September marked significant developments for Injective, focusing on real-world asset (RWA) tokenization with the launch of the BUIDL Index for tracking BlackRock's fund supply.
  
  

  

  
  
  Injective now supports 11 tokenized RWAs and joined the Tokenized Asset Coalition alongside Coinbase and Circle. Community engagement expanded through Korea Blockchain Week and Token2049 events in Singapore, where Injective collaborated with Google Cloud.
  
  On the product side, Helix introduced the 2024 Election Perpetual Futures Market and launched a trading competition. Injective has processed over 88 million blocks, reached 992 million transactions, and maintained 61.4 million INJ staked with a 10.38% APR. Trading volume on Injective's decentralized applications hit $1.3 billion, with peak daily volumes reaching $75M.

• The Interwoven Stack: Optimistic Rollup Modules
  Initia introduces the Interwoven Stack, a blockchain system combining L1 capabilities with app-specific rollups called Minitias. The framework consists of three main components: OPHost (managing L1 operations), OPChild (handling L2 operations), and OPinit Bots (connecting L1 and L2).
  
  
  

  

  
  
  The system implements secure token transfers through an Optimistic Bridge, where deposits from L1 to L2 are near-instant while withdrawals undergo a 7-day security period.
  
  Initia enhances rollup functionality with built-in features including Skip Connect for oracle services, cross-chain contract calls through Bridge Hooks, and integrated indexing services.
  
  

• Osmosis Ecosystem Highlight
  Osmosis implemented the v26 software upgrade, featuring a taker fee revenue share mechanism and an upgrade to Cosmos SDK v0.50 with CometBFT v0.38. Osmosis has expanded its interchain capabilities through a partnership with Omnity Network, enabling the first connection between Internet Computer Protocol (ICP) and the Interchain, facilitating ckBTC bridging.
  
  

  

  
  
  CoinGecko integrated Alloyed Assets data on Osmosis DEX, while Secret Network users gained the ability to pay transaction fees in any asset through the Fee Abstraction module, generating 0.2% fees for OSMO stakers. The team launched Polaris, a Token Portal application at Solana Conference, designed to enable cross-chain token trading through a single interface.

• Dymension's upcoming 3D upgrade
  Dymension's upcoming 3D upgrade introduces a simplified RollApp deployment process through the Roller CLI tool, enabling operators to create and manage Layer 2 solutions without complex configurations.
  
  
  The system automates RollApp setup by storing configuration data on-chain, while operators need only to establish IBC connections to activate their RollApp on the Portal for token transfers.
  
  
  

  

  
  
  The upgrade also introduces eIBC clients, which process user withdrawals and provide an additional revenue stream for operators. The entire process is managed through the 3D Playground Testnet, making RollApp operation accessible through a documented, step-by-step approach.

• Axelar introduces Mobius Development Stack
  Axelar introduces Mobius Development Stack (MDS), an interoperability platform that enables cross-chain connectivity through multiple components. The system includes Interchain Amplifier for self-service blockchain connections, Interchain Token Service for native token management across chains, and the Axelar Virtual Machine for programmable interoperability.
  
  

  

  
  MDS integrates with Babylon and EigenLayer to provide enhanced security using BTC and ETH collateral, while partnering with OpenZeppelin to develop open standards for cross-chain communication. Developers can create chain-agnostic applications, manage token supply across networks, and customize security requirements through AXL token bonding mechanisms.

• Cheqd September Recap
  Cheqd reached 100,000 Decentralized Identifiers (DIDs) on its testnet, marking growth in Self-Sovereign Identity (SSI) infrastructure adoption. The team expanded their presence in Asia through participation at Token2049 Singapore, DoraHacks Appchain Day, and Korea Blockchain Week.
  
  

  

  
  
  Three governance proposals were introduced in September: DID-Linked Resources implementation, a commission rate adjustment to 5%, and Universal Trust Registries discussion. Research and Markets recognized cheqd as a key player in the global SSI market alongside Dock Network and Walt.id, while Dagnum PI featured an analysis of cheqd's products, partnerships, and tokenomics.

• State of Cosmos Hub Q2'24
  Messari's Q2 2024 report shows Cosmos Hub maintaining a 63.6% staking rate, with notable IBC transfer patterns showing a 20.7% increase in transfers-in and 45.6% decrease in transfers-out. The network achieved 8.9% quarter-over-quarter real yield growth, exceeding the 1.1% inflation increase.
  
  

  

  
  echnical developments include the introduction of Partial Set Security, first implemented by Elys Network, allowing Consumer Chains to customize their economic models. Governance activity remained active with 11 out of 14 proposals passed, including Permissioned CosmWasm and ICS 2.0, funded through ATOM Accelerator.

• Sei Less
  Sei Network conducted a DeFi Week showcase highlighting key ecosystem components: DEXs and aggregators for permissionless trading, staking protocols for network security and liquidity, lending and derivatives platforms for capital efficiency, and cross-chain solutions for interoperability.
  
  
  

  

  
  
  Sei introduced their Liquidity Alliance of market makers to maintain trading depth across protocols. The initiative demonstrated how different DeFi sectors interact to support Sei's ecosystem growth, from basic trading infrastructure to advanced financial tools, contributing to increased TVL and daily activity metrics.

Earning Opportunities! Galxe quest, Giveaway and NFTs

• Sei <> Jumper
  Jumper, in collaboration with Sei Network, is launching "Super Seiyan Week," a three-week DeFi initiative offering 1.1 million $SEI in incentives. Following their successful SuperFest event, this program aims to reward users for completing missions on their Jumper profile.
  

  

  
  Participants can earn yields by engaging with partner protocols including DragonSwap, Jlyvrs, Silo, Yei Finance, and Filament Finance. Each completed mission also grants 3 XP points. This initiative combines yield farming opportunities with gamification elements, encouraging users to explore various DeFi protocols within the Sei ecosystem.

A Galaxy of Opportunities

• Creator Fund Parallel Rounds 3 & 4
  Sei Foundation has launched Rounds 3 and 4 of its $10 million Creator Fund, offering $500K in total funding. Round 3 allocates $250K for developer ecosystem projects, including educational content, developer tools, smart contract development, and community support resources. Round 4 provides $250K for Web3 gaming content creators, focusing on content series, gaming campaigns, and community collaborations.
  
  

  

  
  
  The Sei GG: The Legendary Gauntlet gaming competition runs alongside Round 4, offering $50K in prizes. Applications are managed through separate Gitcoin platforms for each round, utilizing a quadratic funding model. An Application Committee will review projects before community voting begins. The Sei Community Grants Telegram Group offers support channels for pitch scheduling and collaboration requests. Applications close on October 3rd at 12 PM EST, with a 3,000 $SEI referral bonus for top 10 placements.
  

  
  

  
  

• HACKSECRET IV
  HackSecret 4, hosted by Secret Network, is starting on September 16th and will run until October 16th. This hackathon focuses on Decentralized Confidential Computing (DeCC) and offers a $12,000 prize pool.
  
  

  

  
  Participants can choose between two tracks: Native dApps and Cross-chain dApps. There will be weekly workshops and office hours to assist developers throughout the event. To join, interested individuals can register on the DoraHacks platform.
  
  
  
  
  

• Sei Foundation Launches $50 Million Japan Ecosystem Fund to boost Gaming, Social, and Entertainment Sectors

  
  The Sei Foundation launched the $50M Japan Ecosystem Fund to support early-stage and scaling startups in Web3 gaming, social, and entertainment on Sei Network.
  
  Announced at "Sei Web3 Day for Japan" in Tokyo, the fund aims to enhance Japan’s crypto space and remains open to innovative blockchain projects beyond these sectors. Apply here
  
  

  

A Universe of Airdrops

The cosmos is alive with airdrop excitement.

• A GenDrop airdrop of 50 million OM tokens will begin vesting three months after Mainnet launch, with 20% liquidity available after the cliff period. OM stakers receive increased rewards, with allocations rising from 35% to 130%, vesting over 18 months for holders under 100,000 OM and 36 months for larger holders. At Mainnet launch, approximately 880 million OM (49.5% of total supply) will be in circulation.

Everything Testnet

• 3D Playground testnet is live!
  Dymension has launched the 3D Playground, a significant upgrade aimed at creating an Internet of RollApps. This testnet will unfold in three phases, with Phase 1 focusing on deploying RollApps as easily as tokens. Access to the Playground is currently limited to community members who stake 5 DYM on mainnet.
  
  

  

  
  
  The upgrade introduces a new method for deploying permissionless RollApps, designed to be seamless and fast. RollApp creators can be non-technical, with an operator’s market available for those seeking assistance.

  
  

• Tabi Testnet-V2 "Yoake" is now live

  Join the Testnet V2 Carnival by adding Testnet V2 Yoake to your Metamask. Complete missions across various projects like Ninjiax DEX, Wanderer and Wizzwoods games, and TabiZoo Miniapp to earn Carnival Lottery Tickets.
  
  

  

  
  
  Each task rewards you with a ticket, increasing your chances to win a Tabi Mininode. The faucet allows users to claim $TABI once daily, with a total daily cap of $600,000. Complete all six initial missions for additional rewards. Upcoming missions include Nowhere3, Sali NFT Marketplace, and Beanco Launchpad. Get involved for exclusive rewards and enjoy the journey!
  
  
  
  

Cosmos IBC Analysis

Over the last 7 days, IBC value transfers peaked at $26.6 million on Osmosiszone, followed by $13.2 million on Cosmoshub, $12.2 million on Axelarcore, $4.9 million on Akashnet, and $4.2 million on SecretNetwork.

Shout out Cosmsolytics

Key Governance Votes on IBC-Chains  

• VOTING IN PROGRESS: Archway v9.0.0

• VOTING IN PROGRESS: Disbursement of OLP rewards for epoch ended on 30 September 2024

  And remember, for an optimal staking experience, choose WhisperNode as your validator