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: Secret, 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

• Paxos Brings Yield-Bearing Stablecoin to Injective Network
  Paxos South America has launched Wrapped Lift Dollar (wUSDL), a yield-bearing stablecoin, on the Injective ecosystem. wUSDL is a wrapped version of USDL, backed 1:1 by dollar reserves and earning yield from treasury bills.
  
  

  

  
  
  Users can utilize wUSDL across Injective's DeFi protocols while earning passive income at a 4.7% annual yield. The stablecoin can be used for margin trading, lending, and money market platforms. wUSDL's value grows over time, capturing daily dividends without token rebasing.

  
  Pinned Post on Injective X: The largest exchange in Korea, Upbit has officially integrated $INJ Millions of new users can now access native $INJ tokens using the Korean fiat pair $KRW

• Secret Network’s Confidential Computing Layer is expanding to Solana
  Secret Network has integrated its Confidential Computing Layer with Solana, bringing decentralized confidential computing (DeCC) capabilities to the Solana ecosystem. This integration enables Solana dApps to implement features like private voting, encrypted storage, and confidential data for NFTs.
  
  

  

  
  
  DeCC allows blockchain applications to store and compute encrypted data without public exposure, addressing a key limitation in Web3. Secret's approach uses Trusted Execution Environments (TEEs) for secure data processing. The integration required developing SecretPath, a custom cross-chain communication protocol, to connect with Solana's non-EVM, non-IBC architecture.

• Akash Network's Explosive Growth
  Akash Network reported significant growth in Q3 2024, with user fees increasing 1,729% year-over-year and 72.5% quarter-over-quarter. While the number of leases created dropped 41% from Q2, the average fee per lease grew 192% to $18.75, indicating longer-lasting and higher-paying deployments.
  
  

  

  
  
  Year-over-year, leases increased by 138%, with average fees growing 688%. These metrics suggest strong growth in both quantity and quality of apps deployed on Akash. The data, sourced from the Akash blockchain and indexed by Akash Stats, is open-source and verifiable on-chain. Akash anticipates continued growth in Q4 2024 with upcoming core team releases aimed at user acquisition and retention.

• TON Taps Axelar For First Cross-Chain Interoperability Infrastructure
  The Open Network (TON) integrates Axelar's Mobius Development Stack to enable cross-chain connectivity with 68 blockchains, including Ethereum, Cosmos, and Polkadot networks.
  
  

  

  
  
  This move will allow TON dApps to connect with MDS-supported networks and facilitate interchain token transfers. TON has experienced significant growth since its integration with Telegram in September 2023, with its Total Value Locked increasing to $750.9 million.
  
  
  
  

• Expanding cheqd into ACA-Py
  cheqd is expanding its integration into Aries Cloud Agent Python (ACA-Py), aiming to enhance ACA-Py's capabilities beyond its current Hyperledger Indy focus. This integration will bring support for did: cheqd-based AnonCreds, DID-Linked Resources, and new features like trust registries and credential payments to ACA-Py.
  
  

  

  
  
  Benefits include improved interoperability, faster transaction speeds, increased decentralization, and new monetization models. The integration aligns with EU ARF requirements and offers a migration path from Indy. cheqd plans to engage with the Open Wallet Foundation community, work with contributors like DIDx and AyanWorks, and provide financial and technical support for the integration effort and related projects.

• Osmosis Pay, powered by Cypher
  Osmosis Pay, powered by Cypher, introduces a new card that allows users to spend their Osmosis assets for everyday purchases. The card supports USDC and USDY, with more assets planned for future inclusion.
  
  

  

  
  
  It's compatible with Apple Pay and Google Wallet, offering both virtual and physical card options. Leveraging the VISA network, the Osmosis Card is accepted by over 40 million merchants across more than 140 countries. Security features include 3D Secure and customizable card controls. This integration enables users to seamlessly use their crypto assets for real-world transactions, bridging the gap between digital assets and traditional payment systems.
  

• As usual, Sei Less.
  The Sei ecosystem is experiencing rapid growth with numerous new integrations and achievements. Key developments include Sei achieving the highest daily active wallet growth among L1 networks, the launch of fastUSD stablecoin, MoonPay integration for easy wallet top-ups, and the addition of new games like Khosmium and FishWar.
  
  

  

  
  
  Sei has also expanded its DeFi capabilities with jBridge powered by Li.Fi, Stargate Finance's bridge dominance, and new features on Carbon DeFi. The network is attracting projects across various sectors, including GameBuild for Web3 gaming, Jambo Technology for mobile infrastructure, and Galxe for the Sei EVM. Community engagement remains strong with events like the Sei Creator Fund voting and the upcoming BIRDGATE crypto football tailgate.

• SuperVerse has announced its partnership with Sei Network
  SuperVerse has announced its partnership with Sei Network, a Layer 1 blockchain that combines Ethereum's development standards with Solana-like speed. Sei offers a parallelized EVM, achieving 12,500 TPS, 380 ms finality, and low transaction fees.
  
  

  

  
  
  This collaboration aims to enhance crypto gaming by leveraging Sei's infrastructure for faster, more scalable solutions. Developers can now deploy Ethereum smart contracts on Sei, benefiting from lower fees and greater efficiency. Sei's environment includes customizable smart contracts, developer-friendly tools, and SeiDB for improved state performance, enabling the creation of next-generation web3 gaming experiences without bottlenecks.

• LayerZero is officially Interwoven
  LayerZero is now live on the Initia Testnet, enabling seamless omnichain communication across the Interwoven Stack. This integration connects various chains, including Solana, Ethereum, Arbitrum, and Tron, allowing developers and applications from over 90 connected chains to explore new opportunities.
  
  

  

  
  
  Initia redefines the appchain concept by offering a secure Layer 1 combined with a multi-VM L2 stack designed for efficient interoperability. Developers can now leverage this environment to innovate and engage with the broader interwoven economy.

Top 5 Active Zones in the past week: IBC Volume, Transfers, Txs, Peers, Channels, WAU, and Activity metrics across the Interchain ecosystem.

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.

• Helix G-Wagon Trading Competition - Meme Contest
  Helix is running a meme contest for their G-Wagon Trading Competition with a $1,000 prize.
  
  

  

  
  
  To participate, contestants must retweet and follow Helix on Twitter/X, create and share a meme with the hashtag #helixgwagon, and submit their entry here

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.
  

  
  
  
  
  
  

• 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.

• Saga Snapshot taken for vault 6

• You can check your $DGN airdrop allocation by adding Dungeonchain to Keplr Wallet. The Snapshot for the first $DGN airdrop was on July 21, 2024, including 250k wallets with a minimum of 50 $ATOM staked.

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.

  
  
  
  
  

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: Update consensus and feemarket params

• VOTING IN PROGRESS: Akash Payments [Console 2.0] Funding Request

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

/