The Cosmos Hub made history

First ever mainnet IBC V2 transaction from the Hub to Ethereum and back.

• Content: 1 $ATOM ⚛️

• Message: I love Cosmos ♥️

• Cost: $0.43 in gas fees on ETH L1 to send $ATOM back 🤯

• Hello Ethereum!

IBC Eureka will be a true game-changer!

Starting mid-April, with the launch of IBC Eureka, every Cosmos chain connected to the Hub will gain instant access to and interoperability with Ethereum.

• Integrations with 50+ frontends, aggregators, and wallets.

• IBC everywhere!

Osmosis to become a BSN?

A first draft is live on the forum discussing Osmosis becoming a BSN:

• Leveraging the security of Bitcoin.

• Becoming the preferred trading venue for Babylon assets. => $BABY & other Bitcoin LSTs secured by Babylon.

• 50% taker fee share for Babylon assets with Babylon Chain.
  a) To pay for BNS finality providers.
  b) Thus, no inflationary rewards have to be spent.
  c) Creating a win-win situation for both parties.

• Osmosis to receive 25M $BABY tokens.

If this proposal passes, Babylon will be incentivized to increase trading volume for their assets on Osmosis, as they receive 50% of the taker fees!

Osmosis is accelerating 🧪

The Interchain DEX is speeding up block production:

• New lowest block time: 1.25 seconds

• Down from 1.33 seconds in February

Soon, sub-second block times!

$NIL goes live on Cosmos DEXs

1. Trade spot $NIL on Osmosis.

   
   

2. Leverage trade $NIL via perps on dYdX.

Google Cloud launches a validator on Injective

• Bringing high-quality, enterprise-grade infrastructure to Injective.

• Along with a suite of web3 developer tools.

• Allowing devs to build, launch, and grow apps on Injective.

• Also supporting the Injective AI Agent Hackathon.

March of the Initiates is coming to an end.

Here are some key milestone highlights of the interwoven economy unfolding on Initia.

Yet, there are two more milestones to hit this month. 👀

SAGA Vault 10 Snapshot 📸

Another snapshot has been taken recently:

• On the SagaEVM chain: For Saga liquidity providers.

• On Saga Mainnet: For $SAGA stakers.

Saga token launchpad soon?

Saga is teasing a native token launchpad on their L1:

• Fully gas free.

• Faster.

• Saga Horizon? (check clip at around 18 seconds).

Architects reveal $CULT tokenomics

• 80% of the supply will be sold via StreamSwap.

• 10% Cultdrop to Cosmos blue-chip NFTs & FlixFam Badge holders.

• 5% to seed initial liquidity on Osmosis CULT/BTC.

• 5% for Marketing & Treasury.

• Total supply: 1M $CULT.

$ATC airdrop for blue-chip NFTs

a) Bad Kids
b) Celestine Sloths
c) Shitmos

Each can claim 200 $ATC per eligible wallet.

$ATC Airdrop Checker!

Lotus DEX early signup is live!

• First native RWA-based DEX built on MANTRA Chain.

• Use one of the promo codes and become an early Lotus user.

• Complete quests, farm points, and climb the leaderboard.

• Next EcoDrop for OMies & Sherpas imminent?

  

Echos will be sunset on May 1st

• Please withdraw all your funds by then.

• Convert your tokens to USDC and withdraw them to Base or Solana.

That's it for today, thanks for reading folks.

We hope this article helped you stay up-to-date with the latest developments in the Cosmos ecosystem.

Disclaimer

This article is intended to educate readers about certain topics and should not be considered financial advice in any way.