- Thorchain leads with a $739 million TVL, indicating a 24% share in Cosmos’ overall ecosystem.
- Cronos and HyperliquidX collectively hold nearly 40% of total TVL, highlighting their market dominance.
- Despite market fluctuations, the top 10 interchains show resilience with a combined TVL of $2.96 billion.
The Cosmos network continues to thrive as its interchains demonstrate significant financial growth. Recent data from DeFiLlama and CryptoRank.io shows that the total value locked (TVL) within these interchains is an impressive $2.96 billion.
Thorchain leads this robust ecosystem, securing a TVL of $739 million. This amount represents 24% of the overall TVL in the Cosmos ecosystem, underscoring its vital role. Cronos follows closely, with its TVL at $711 million, making up 23% of the total.
HyperliquidX stands third, contributing $499 million to the ecosystem, which accounts for 16% of the total TVL. Other significant players include Kava, with a TVL of $227 million or 7.6%, and dYdX, holding $178 million or 5.9%. OSMO boasts a TVL of $170 million.
Also notable are Sei and Kujira, with TVLs of $75.5 million and $72 million, respectively. Canto completes the top ten list with a TVL of $34.4 million. The Cosmos ecosystem, known for its interoperable and sovereign blockchain applications, remains a key player in the decentralized space. Each network within the ecosystem supports various applications and contributes significantly to the total economic value secured by the interchains.
Cosmos Community Rejects Proposal 868: 25.10% For & 48.62% Against the ProposalThorchain’s role as a decentralized liquidity protocol facilitates seamless exchanges across the ecosystem. RUNE is trading at $4.01, a decrease of 8.39% over the past day. Meanwhile, Cronos (CRO) is trading at $0.09319, following a slight dip of 2.63%.
Hyperliquid, alongside other networks like Kava and dYdX, continues to contribute to the ecosystem’s robustness. Kava’s $KAVA trades at $0.451, reflecting a significant 16.24% decline within a day. In contrast, dYdX, a proof-of-stake blockchain, sees its $DYDX at $1.34, down by 7.01%.
Osmosis (OSMO) and Injective (INJ) also feature in the ecosystem’s valuation, with Osmosis trading at $0.5109 after a 10.44% drop and Injective at $19.96, marking a 9.86% decrease.
The sector-specific Layer 1 blockchain Sei and Kujira platform continues garnering attention. Sei (SEI) trades at $0.3474, with a recent dip of 9.42%, whereas Kujira (KUJI) is at $1.13, down by 2.41%.
In conclusion, while individual trading values fluctuate, the overall health and growth of the Cosmos interchain remain strong, offering a promising outlook for decentralized finance within this ecosystem.
