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, 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

• Injective's November Update: AI Focus, Summit Recap, and Ecosystem Growth
  Injective celebrated its third year of mainnet operation with significant achievements, including the launch of INJ 3.0, institutional adoption through AINJ, a strong presence in Asia through crypto events and the first Builder House during ETHCC.
  
  

  

  
  
  The month was marked by the introduction of iAgent, a groundbreaking AI-enabled finance ecosystem that allows users to create on-chain AI agents for executing blockchain tasks. iAgent leverages large language models like OpenAI's ChatGPT to simplify complex blockchain interactions, offering real-time data analysis, predictive analytics, and automated trade execution.
  
  

  

  
  
  Injective's integration with Fetch.ai further bridges AI and blockchain, enabling users to access $FET tokens and advanced AI capabilities, while allowing ASI Alliance users to deploy their tokens across Injective's DeFi applications. Injective launched the Meme Bridge, enabling seamless bridging of meme tokens between Solana and Injective blockchains, with support for multiple tokens and a secure cross-chain transfer process.

• Passage Reduces Cloud Costs by 50% with Akash's Decentralized Cloud Infrastructure
  Passage has significantly reduced its cloud computing costs by leveraging the Akash Supercloud and its open-source compute marketplace. By tapping into Akash's GPU marketplace, Passage has achieved an average price reduction of 50% and up to 70% compared to traditional GPU providers, enabling them to offer immersive virtual experiences accessible from any browser on any device.
  
  

  

  
  
  Passage's migration to Akash involved transferring existing workloads and implementing automated scaling, resulting in a fully operational virtual world rendered entirely on GPUs accessed through Akash, delivering improved performance at a fraction of the cost.

• Dymension 3D introduces new opportunities for users, founders, and operators to earn on the platform
  
  Dymension 3D, introduces a new platform and experience for users, founders (creators), and operators, each with opportunities to earn on the platform. Founders can launch tokens and L2s, giving them rights to onchain revenues such as endorsements and royalties, with 50% of swap fees going to creators as royalties.
  
  

  

  
  
  Additionally, DYM stakers can endorse a RollApp and automatically stream incentives directly to the founder or the RollApp. Operators can earn rewards by running RollApp infra, with each RollApp setting the percentage of newly minted tokens going to operators, creating a marketplace of L2s to choose from. Operators can also facilitate fast withdrawals from RollApps to Dymension using a specialized easy-to-use bot ('eIBC client'), earning a share of the withdrawal fees in return.

• SEDA announces the availability of millions of Real World Asset (RWA) feeds on the Plume network
  SEDA has announced that millions of RWA feeds are now live on the Plume network. This means that builders on Plume can now access SEDA's programmable oracle infrastructure to build app-specific feeds for any data type, from day one.
  
  

  

  
  
  With SEDA, builders can deploy feeds in seconds instead of months, and build any type of RWA app with limitless data access. This can greatly accelerate the development of RWA applications and services.

• ID Crypt Global, ADEX, and cheqd Partner to Enhance Trust and Security in DeFi
  ID Crypt Global has partnered with cheqd to integrate cutting-edge identity and security solutions into Apex Digital Exchange (ADEX), a prominent player in the decentralized finance (DeFi) space.
  
  

  

  
  
  This collaboration addresses two critical challenges in the cryptocurrency and DeFi markets: user trust and identity verification. By integrating cheqd's decentralized identity infrastructure with ID Crypt Global's KYC, AML, and compliance solutions, ADEX users can securely verify their identities while maintaining control over their data.

• Namada Dry Run Completion and Preparations for Mainnet Launch
  The Namada dry-run was a success, with the team accomplishing all set goals and preparing for the mainnet launch on Tuesday Tomorrow. Key achievements included a decentralized chain launch within 3 minutes, 181 out of 205 pre-genesis validators active within 25 minutes, and swift community support for governance phases enabling PoS, PGF inflation, mainnet OSMO over IBC, shielded rewards, and native token transfers.
  
  

  

  
  
  The Namadillo front-end was improved based on community feedback, Ledger hardware usage was tested, and a software upgrade and hard-fork were successfully orchestrated despite time constraints. The dry-run also involved testing the connection of mainnet Noble USDC over IBC and receiving strong community support for infrastructure such as IBC relayers, block explorers, and public RPCs.

• Echelon Market's debt-driven appchain to bring efficient Move DeFi to Initia interwoven modular economy
  Echelon Market, a decentralized finance (DeFi) platform, has announced the launch of Echelon Chain, a debt-driven Move appchain built on Initia's Interwoven Stack with CelestiaOrg underneath.
  
  

  

  
  
  Echelon Chain aims to bring efficient Move DeFi to the interwoven modular economy and unlock cross-chain lending accounts with its current $100m+ TVL. Echelon Chain is designed to serve as the debt engine of the interwoven modular economy, enabling users to access cross-chain lending accounts and participate in decentralized finance activities.

• Sei Network: A Thriving Ecosystem of Growth and Innovation
  The Sei Network has experienced tremendous growth and momentum this week, with over 500 RSVPs for the upcoming Sei x MagicEden mixer in December. The network has also seen exciting new deployments, including the launch of Meme lab, a platform for creating and minting memes as NFTs using assets from the Sei ecosystem.
  
  

  

  
  
  The Sei gaming ecosystem continues to expand with the addition of new games such as Fussy Fox, a post-apocalyptic strategy game, and The Heroes01, an RPG GameFi project. Existing games like Play Quiz Match and Mokoko StudioOFL have also seen significant updates and growth.

• Osmosis Protocol Revenue Surpasses $11.8 Million in the Past Year
  Osmosis Protocol has generated over $11.8 million in revenue over the past year, according to data from DataLenses, powered by NumiaData.
  
  

  

  
  
  This revenue is primarily generated through transaction fees, which are paid by users when they trade on the platform. Osmosis Protocol also generates revenue through staking rewards, paid to users who stake their OSMO tokens to help secure the network.

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

• Eric Chen announces a $10,000 donation for contributions to iAgent tooling and apps development.
  Eric Chen, a prominent figure in the Injective community, has pledged a personal donation of up to $10,000 to individuals or teams who contribute valuable tools and applications to the iAgent project.
  
  

  

  
  
  iAgent is an agent fine-tuned on the Injective trading framework and documentation, aiming to enhance the user experience and trading capabilities within the Injective ecosystem.
  
  
  
  
  
  
  
  

• BonusBlock <> Axelar Campaign
  Axelar has launched the Axelar Explorers Program, offering a 100,000 AXL prize pool over 3 months for participants who complete partnerships with 7 different dApps.
  
  

  

  
  
  The first partner announced is Frax Finance. By completing each season of the program, users can earn AXL rewards. This initiative aims to foster engagement and awareness within the Axelar ecosystem.

• Meme Coin-Focused Trading and Interval Trading | Injective Bounty
  The Injective Foundation is seeking proposals to develop a user-friendly application that combines meme coin trading with interval trading features. The key objectives are to simplify the trading experience, boost user engagement through a rewards system, and ensure market integrity with robust risk management.
  
  

  

  
  
  The application must comply with all applicable laws, support multiple tokens, integrate liquidity vaults, and utilize an oracle system for reliable price feeds. The proposals will be evaluated based on innovation, feasibility, security, and community impact.

• Civitia Testnet v2
  Civitia, a finance-focused board game, has launched its v2 testnet. Players can now mint cities, collect yield, and compete in seasonal gameplay. Civitia is built on a modular, interwoven rollup architecture powered by Initia Foundation, with Celestia providing the underlying infrastructure.
  
  

  

  
  This unique setup enables Civitia to provide an on-chain gaming experience. Users are encouraged to try the testnet and prepare for the upcoming mainnet launch.
  
  
  
  

  
  

A Universe of Airdrops

The cosmos is alive with airdrop excitement.

• Side Protocol's genesis airdrop allocates 100M $SIDE tokens across Bitcoin users, NFT communities, $ATOM stakers, validators, public goods, testnet participants, and whitelist campaigns, with registration open from Nov 26 to Dec 15, 2024, and tokens claimable after mainnet launch in January 2025.

  
  

• Namada mainnet launches December 3rd, 2024 at 15:00 UTC. $NAM tokens will be accessible for staking and governance immediately, with transfers enabled later in Phase 5 after network stability is confirmed.
  

• MANTRA allocates 50M $OM for GenDrop, rewarding 350K+ users across KARMA quests, NFT holders, validators, and Galxe campaigns. Claim here: checker.mantra.zone.
  

• Hydro's pilot lets $ATOM stakers vote for liquidity and earn tributes while keeping staking rewards. Airdrops may follow for participants. Details: hydro.cosmos.network/voting.
  

• Shade Protocol launches $eSHD, rewarding social engagement with redeemable tokens for $SHD and perks. First eDrop on Nov 28. Join: zealy.io.
  

• The $ATONE airdrop has been distributed to eligible $ATOM holders, with the allocation based on their Cosmos Hub Prop 848 voting behavior, and users can now view their $ATONE balance and stake it.
  

• Defund is offering an airdrop for $TIA stakers, Osmosis liquidity providers, Defund testnet participants, and Sui Network users, with additional eligibility criteria to be announced.
  
  

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: Increase Deposit Amount for Cosmos Hub governance to 500 $ATOM

• VOTING IN PROGRESS: Disbursement of OLP rewards for epoch ended on 25 November 2024

  
  
  
  
  
  

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