Is Cosmos Dead? A critical look with Zaki Manian
Zero Knowledge
Restoring Liquidity is Key
The introduction of native USDC aims to significantly restore liquidity in the ecosystem, filling the void left by the collapse of Luna. While stablecoins were previously available, their reliance on bridging from platforms like Axlor limited their effectiveness. The push for interoperability became a focal point, highlighting frustrations with the IBC team's lack of attention to broader possibilities beyond the Cosmos network. This led to the co-founding of Hyperlane as an alternative to IBC, signaling an evolution in the approach to cross-chain communication. Concurrently, expectations remain for advancements like ICS that were launched in 2023, providing hope for future developments within the ecosystem.
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