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.

Starting this week with a highlight from Injective, Sei Network, Secret Network, Akash, Archway, Axelar, Cheqd, Dymension, Kujira, Osmosis, and more.

INJECTIVE

• This week, the Injective ecosystem saw over 56 million $INJ stakes, marking a significant uptick in network participation.

• The new integration of Desig, an advanced multi-signature wallet, with the injective mainnet promises enhanced security and operational efficiency, particularly for institutional users.

• Meanwhile, Injective’s collaboration with Arbitrum through the inEVM integration enhances cross-chain interoperability, fostering seamless asset and liquidity transfers across the Cosmos and Ethereum networks.

• Additionally, 13,000 $INJ were effectively removed from circulation through a recent burn event, reflecting ongoing efforts to optimize token economics.

ARCHWAY

• Swingxyz is now integrated with Archway, offering a cross-chain liquidity protocol that simplifies and enhances swap functionalities for developers and users.

• Archway's aOS is live on the mainnet, providing tools and economic incentives for developers to build more effectively.

• Archway Upgrade: New modules introduced include x/callback for scheduling precise contract actions, x/cwfees to allow contracts to manage fees, x/cwica for cross-chain account control, and x/cwerrors for improved error handling in smart contracts.

AKASH

• Akash Network is advancing privacy and decentralized computing solutions. Users can now run Waku nodes on Akash to support private, censorship-resistant communications.

• The Praetor tool for setting up providers on Akash is now in the process of becoming fully open-source, enhancing its global reach and utility. This will make it possible for anyone to contribute to building the best provider setup application on the network and massively grow Akash's global provider presence over time.

• Additionally, Akash encourages the growth of open-source AI, highlighting projects like TryVenice for generative AI applications. Akash stands for permissionless access to compute and welcomes all projects building towards a more open, self-sovereign future.

AXELAR

• SATOSHI has successfully integrated with Axelar Network and Squid Router, enhancing its multichain capabilities across both the EVM and Cosmos chains. This collaboration, supported by a robust network of validators and recognized by major industry players, further solidifies SATOSHI's global presence.

• Axelar's network now features advanced block explorer functionalities and the Interchain Amplifier, which promises seamless cross-network connectivity.

• Additionally, Primex has incorporated Squid Router, facilitating asset transfers across over 60 supported chains directly within its application.

SECRET NETWORK

• Secret Network has launched Q2 with a promising batch of grant projects, including Satoshi's Palace and PampIT, leveraging its Confidential Computing Layer for innovative applications in crypto gambling and token launches. Additional R&D projects aim to enhance the network's capabilities with new storage solutions and event handling.

• A strategic partnership with Linea expands the use of Secret’s decentralized confidential computing across more blockchains, supporting private voting, secure data storage, and more. Exciting developments lie ahead as Secret aims to integrate its technology across a wider range of blockchains, offering enhanced tools for developers and exploring new application possibilities.

CHEQD

• Cheqd's Q2 2024 agenda is actively unfolding, featuring new tools and functionalities for users and developers. Notable updates include the launch of Creator Analytics, a self-serve dashboard for Credential Services, and the ability to transact credentials using $CHEQ. Enhancements such as updated transaction costs and fee abstraction are underway, alongside the development of an on-chain trust registry and identity feature payments in various Cosmos tokens.

• Additionally, Cheqd is set to release its first eBook on decentralized reputation, exploring its impact across various Web3 sectors.

COSMOSHUB

The Cosmos Hub is set to implement the v16 software upgrade on May 15th, as block 20440500 is reached, incorporating features from the newly adopted Cosmos SDK 0.47. This update introduces essential modules, including the IBC rate limit to enhance transfer security, an ICA controller sub-module for cross-chain actions, and IBC fee middleware to incentivize relayers.

Quick Highlights from Dymension, Kujira, and SEDA

• Dymension has processed over 50,000 eIBC transfers for fast withdrawals, offering lucrative fee-generation opportunities for liquidity providers while enabling decentralized governance through RollApp, where stakeholders, not validators, guide decisions.

• Kujira is offering fee-free on-ramping to $KUJI for a limited time and has opened reservations for personalized Kujira domain names ahead of its Gojira mainnet launch, with early testnet access for early reservations.

• SEDA Token is now listed on CoinGecko for tracking and has also launched trading on Osmosis Zone.

Developers Corners

• Participate in the Archway Hunt-A-Thon from April 29th to June 20th and build on a Cosmos-native blockchain that values developer contributions. Submit your scalable, cross-chain dapps by June 7th to compete for a share of the $100,000 prize pool and a chance to secure extended funding within the Archway ecosystem.

• Dive into Akashathon² from April 8th to May 18th, 2024, and explore AI application development on Akash's GPU marketplace. Register to join the challenge, innovate in crypto and AI, and compete for a share of the $200,000 prize pool.

• MANTRA, in partnership with Virtuzone, launches an Incubator Program aimed at accelerating Web3 innovation through support for dApps and projects, offering resources like a $100,000 seed investment and global exposure. This initiative supports Dubai's goal to become a leading hub for cryptocurrency innovation, in line with the UAE's vision to cultivate 10 unicorns by 2030.

• HackSecret 3 is an opportunity to build cutting-edge Web3 applications, utilizing Secret Network's decentralized confidential computing (DeCC) capabilities. Confidential computing unlocks exciting new use-cases, and Secret Network's Confidential Computing Layer enables developers to do this while building on nearly any blockchain! This hackathon includes two tracks, one for cross-chain applications and one for native Secret applications. The choice is yours!

Career Opportunities

• Cheqd, a startup focused on self-sovereign identity, is hiring for Test Automation & Quality Assurance Engineer and Senior Full Stack Engineer roles, open to candidates within +/-4 hour time zones of London. Explore this opportunity to join a team shaping the future of secure, private data exchange.

• Interop Labs, powered by Axelar, is actively seeking new team members to join their mission in developing secure cross-chain communication for Web3. With roles open for individuals passionate about building the infrastructure that connects Web3, Interop Labs offers a dynamic environment for advancing interoperability through their developer-friendly tools and APIs.

• Berachain, an innovative EVM-compatible L1 blockchain, is seeking to expand its team. If you have expertise in computer science, mathematics, economic game theory, or enterprise software development and are interested in challenging the conventional proof-of-stake model, consider joining Berachain's world-class team.

• SEDA Protocol is on the lookout for a Business Development Associate to enhance and expand its ecosystem. This role involves building new partnerships and strengthening existing ones across leading blockchain projects, utilizing SEDA's multichain, permissionless protocol that connects real-world data to blockchain networks.

Cosmos IBC Analysis

In the last week, Osmosis Zone handled $26.6 million across 175K transactions, topping the list in IBC value transfers. It was followed by Cosmos Hub and Axelar Core with $13.2M and $12.2M, respectively, while Akash Network and Secret Network saw transfers of $4.9M and $4.2M.

Top performers in the Cosmos this week: $XKI was up 39.62% to $0.0081, $ALEPH increased 29.18% to $0.36, $AKT rose 21.17% to $5.10, $MIR gained 18.45% to $0.055, and $FET climbed 11.63% to $2.25. Which are you holding? Shout out to Cosmsolytics

Highlights of upcoming and existing airdrops across the Cosmos ecosystem and beyond!

• Saga is excited to roll out the Power-Level Over 9000 airdrop campaign, featuring a series of "Vaults" for distributing SAGA tokens, starting with the First Vault, which allocates 3 million tokens.

• IBC is launching a unique airdrop campaign! Chains that retweet the post with "We Sign Da $IBC DuMB ConTraCt" will make their stakeholder eligible for participation. Zero Chains has already been selected for the airdrop.

• PRYSM is set to feature the Mad Scientists NFT collection in its upcoming mainnet airdrop, highlighting the collection's unique integration with the $LAB token for an interactive minting experience.

• The snapshot for the $AXV airdrop to $PLQ stakers occurred on May 1, 2024, targeting stakers ranging from 1,000 to 100,000 $PLQ.

• The Mande Network is launching RollApp with 5 million $MAND tokens as incentives for early users, initiating a series of strategic development phases to enhance blockchain applications with credible, innovative features.

• NIM allocations are now automatically available for all since the TGE. Ledger users with Keplr and Leap wallets can check their NIM balance by connecting to the Nim chain on the Dymension portal, ensuring they select the EVM account used with their wallets.

• The snapshot for the Astrovault $AXV airdrop was taken on 1-5-2024 for $PLQ stakers with holdings between 1,000 and 100,000.

• The $COOK airdrop, accounting for 5% of token allocation, will be claimable after the campaigns end. The snapshot was already taken!