Weekly Newsletter: What happened on the Cosmos ecosystem this week? April June 10th — 16th, 2024
Disclaimer: The information contained in this article and the resources available is not intended as, and shall not be understood or construed as, financial advice. Nothing available on this page should be understood as a recommendation to buy something.
The article aims to present five news/announcements that happened last week on the Cosmos ecosystem.
Our goal at Imperator is to help the community by summarising the most important information that should not be missed.
Here is our top 5 for the week. 👇
1) Ripple Integrates Axelar for EVM Sidechain
Ripple’s XRPL EVM sidechain will use Axelar as its bridge protocol, enabling XRP to convert into wrapped XRP (eXRP) for gas fees. This move aims to simplify the user experience and enhance security by consolidating bridge protocols.
2) Picasso Integrates Solana for Enhanced Interoperability
Picasso Network integrates Solana via Burnt Xion, introducing Chain Abstraction and boosting cross-ecosystem liquidity. This move connects major ecosystems, including Ethereum and Cosmos, fostering seamless interoperability and advancing towards mass adoption.
3) Penumbra’s $UM Airdrop Now Live
Penumbra launches its $UM airdrop, rewarding key contributors and active Interchain users. Recipients can pre-stake tokens to help decentralize the network at genesis. Check eligibility and claim at penumbra.claims.
4) Cosmos Hub Keeps Shipping: New Features Incoming
Cosmos Hub to introduce ICS with inactive validators, the Hydro platform for liquidity control, and permissioned CosmWasm. These updates enhance security, governance, and interoperability, ensuring continued innovation and growth
5) Rollchains and Lava Network Offer Free RPCs
Rollchains and Lava Network team up to provide free basic RPCs for chains developed with Spawn. Supported by community node operators, this initiative aids new networks in building user bases during public testnet phases, streamlining the development cycle for protocol developers
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See you very soon Cosmonaut! ⚛️
The Imperator team.
