Weekly Newsletter: What happened on the Cosmos ecosystem this week? April May 20th– 26th, 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) Solana IBC Transfers Go Live on Picasso Network

For the first time ever, IBC transfers to and from Solana are live on Picasso Network! The $PICA token is also available on Solana via Orca, unlocking unprecedented cross-chain potential. Welcome $SOL community to Cosmos

2) Berachain and Union Partner for IBC Asset Integration

Union is now the official interoperability partner for Berachain, handling all IBC assets and staked derivatives. Berachain’s high-performance EVM-compatible blockchain will become the central hub for seamless DeFi operations and liquidity flow.

3) Hydro Revolutionizes Interchain Liquidity Deployment

Hydro, announced & developed by Informal Systems, is a new platform for efficient liquidity deployment across the interchain. It addresses the interchain’s liquidity issues by enabling projects to bid for ATOM and other token liquidity, transforming liquidity management and governance.

4) HAQQ Network Joins evmOS for Enhanced Interchain Access

HAQQ Network upgrades to evmOS, allowing the Islamic Coin community to access the entire Cosmos ecosystem and interchain dApps. This partnership integrates Shariah-compliant DeFi with evmOS’s advanced features, expanding financial inclusion and ethical investment opportunities.

5) Elys Network Receives Cosmos Hub’s First Venture Grant

Elys Network is the first project to receive a Venture Grant from the Cosmos Hub via AADAO. This grant includes a significant allocation of ELYS tokens and will see ATOM used as the default gas token on Elys’ DeFi appchain, enhancing liquidity and expanding DeFi use cases within the Atom Economic Zone

Bonus:

Congratulations to Grace Yu (@gyunit_) for winning the first onchain election on the Cosmos Hub. She joins the AADAO Oversight Committee, reporting to Hub Governance and ensuring compliance and integrity. We wish her every success in her new rolel!

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See you very soon Cosmonaut! ⚛️

The Imperator team.