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It is clear that we’re in the midst of a similar “broadband moment” characterized by a blockchain race for increased scalability. Let’s examine how the main blockchain protocols evolved over the year.

Cosmos is a decentralized network of independent, interoperable blockchains aiming to solve the scalability and interoperability challenges many blockchains face. The foundational principles (and strengths) of Cosmos lie in modularity, a feature that facilitates the development of dedicated chains for implementing an application. At the heart of this feature is the Inter-Blockchain Communication Protocol (IBC), a system that enables communication and the transfer of assets between different blockchains within the Cosmos ecosystem, Tendermint, and its associated dPOS.

Several interesting protocols have recently moved to the Cosmos ecosystem, highlighting the protocol’s strong vitality. This is exemplified by DyDx’s transition from StarkEx to its dedicated chain in the Cosmos ecosystem. This move is accompanied by intriguing incentive structures, where trading fees flow to validators through staking mechanisms. Interestingly, Celestia, a modular data availability network, also launched on the Cosmos ecosystem.

I believe this Cosmos modularity narrative could play an important role in the next cycle, and that the Cosmos ecosystem could be an interesting setup for bringing assets and services to the other chains, highlighting the potential for cross-chain collaboration within this specific blockchain landscape.