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 Integrates MoonPay for Simplified Fiat-to-Crypto Onboarding
  Injective Protocol has integrated MoonPay to enable users to seamlessly purchase Injective ($INJ) tokens using fiat currencies. This integration streamlines the onboarding process for new users, allowing them to directly purchase $INJ without the need for complex cryptocurrency exchanges or decentralized wallets.
  
  

  

  
  
  MoonPay's user-friendly platform supports a wide range of payment methods, including credit cards, debit cards, and bank transfers, making it convenient for users to convert their fiat currency into $INJ.

• $INJ has been added to the Coinbase 50 Index
  Coinbase has introduced the Coinbase 50 Index (COIN50) as a benchmark index for digital assets, featuring market cap-weighted methodology that excludes stablecoins and privacy coins.
  

  

  
  $INJ was added to the Coinbase 50 Index (COIN50), a brand-new index that lets users access the largest assets in all of crypto via one product. All assets selected must pass a strict selection process by Coinbase, COIN50 aims to be rhe S&P 500 Index for crypto.

• Akash Network Q3 2024 Report
  Akash Network achieved record revenue of $304,000 in Q3 2024, marking a 73% increase from the previous quarter. This growth was primarily driven by increased GPU demand and higher costs associated with deploying resource-intensive AI models like Meta's Llama 3.1. GPU capacity grew by 8.5% and GPU usage surged by 42%, indicating strong demand for high-performance computing resources.
  
  

  

  
  
  Akash expanded its reach in Latin America by establishing new community nodes in Mexico and Brazil, further solidifying its global presence. To enhance security and trust, Akash is piloting a non-KYC incentive program and implementing Trusted Execution Environments (TEEs) for hardware verification.

• Dymension introduces Royalties and Initial RollApp Offerings (IRO)
  Dymension 3D is introducing Royalties, where creators earn 50% of fees from token swaps, and Initial RollApp Offerings (IRO), a way to launch a token and evolve it into a blockchain.
  
  

  

  
  
  With IRO, whenever users trade IRO and RollApp tokens, a swap fee is applied, and 50% of the fee is used to burn DYM, while the remaining 50% is distributed as royalties to the RollApp creator, providing ongoing revenue to creators as an alternative to traditional L2 tokenomics.

• BlockHunters Expands Role as Axelar Verifier to Enhance Blockchain Interoperability
  BlockHunters expanded its role as an Axelar Verifier to further enhance blockchain interoperability and connectivity. The Axelar Verifier plays a crucial role in the Interchain Amplifier, a universal connector that enables seamless communication and interaction between different blockchains without the need for custom bridges or complex protocol changes.
  
  

  

  
  
  By connecting to Axelar, blockchains gain access to a standardized system for on-chain message routing, cross-chain smart contract execution, unified transaction verification, and standardized state proofs, simplifying the process of integrating new chains

• Timpi and cheqd Partner to Unlock Trusted Data for Decentralized AI
  Timpi and cheqd, pioneers in decentralized data and AI, have formed a strategic partnership to enhance data transparency, scalability, and accessibility across industries. Timpi's decentralized web index and cheqd's expertise in verifiable data aim to provide AI systems with trusted data for their growth and development.
  
  

  

  
  
  Key areas of collaboration include creating verifiable credentials for data contributions, implementing reputational systems, verifying data ownership, and ensuring ethical AI training. The partnership will explore Proof of Personhood and Non-Personhood in AI, enabling clear distinctions between human and non-human entities in AI interactions.

• Introducing the new asset conversion and standardization feature on Osmosis
  Scientists can now easily convert and standardize their assets on Osmosis, eliminating the need to manage multiple versions of the same asset. This new feature is powered by Alloyed Assets and provides a simplified workflow for asset management.
  
  

  

  
  
  With this enhancement, scientists can focus on their research without the hassle of dealing with asset variants, ensuring greater efficiency and accuracy in their work.

• Sei Ecosystem Update: Major Progress, Reduced Gas Fees, and Exciting Developments
  The Sei ecosystem has experienced significant progress, with updates and milestones across various projects. Sei's latest chain upgrade has reduced gas fees by 99%, making transactions more affordable for users. Seipex has launched user profiles, allowing users to easily view their holdings and those of others.
  
  

  

  
  
  Symbiosis on Sei has processed over 20,000 transactions and $33.3 million in volume since June, offering fast swaps to and from Sei. Blocknative now supports Sei, providing developers with accurate gas pricing and efficient transaction processing. ParticleBuild enables instant user onboarding for Sei apps, simplifying social logins, wallet connections, and gasless transactions.

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

• 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.

• Sunrise Test 2
  Sunrise, a Layer 1 blockchain, has launched its v2 testnet, introducing a new mascot, Haru, a Shima Enaga from Japan. Users can customize and level up their Haru, earning Haru Yen to unlock items.
  
  

  

  
  
  The v2 testnet is incentivized, with users earning RISE token airdrops based on their Haru's final level. The update represents a significant overhaul to Sunrise's architecture, making the platform more scalable. This testnet is a checkpoint towards Sunrise's mainnet launch, which is expected to happen soon after.

• 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.

• 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.
  

• The $DGN airdrop criteria include staking $DGN, holding specific NFTs, staking $ATOM, and purchasing $DGN during StreamSwap, with different multipliers based on the staking and NFT tiers.
  

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: Add MsgTransfer as ICA Host allowed messages on Archway

• VOTING IN PRGORESS: Signaling proposal to allow Hub governance to execute clawbacks with ease

• VOTING IN PROGRESS: Update multisig reward pool epoch duration and rewards per epoch for Flow EVM

  
  
  
  
  
  

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