Christopher Goes, co-founder of Coinbase-listed altcoin Anoma (XAN), said the Cosmos (ATOM) ecosystem is in severe decline and is effectively nearing its end.
According to Goes, many projects within the Cosmos ecosystem have recently ceased operations completely or significantly scaled back. Some projects have been shut down, while others have simply gone into maintenance mode and redirected resources to other ecosystems. It has also been noted that some projects have decided to leave Cosmos completely.
The statement cited examples such as Penumbra’s shutdown, Osmosis going into maintenance mode and redirecting resources elsewhere, and Noble’s exit from the Cosmos ecosystem.
Christopher Goes said that user and market interest in the ecosystem is at a historically low level, making sustainability difficult for projects with high costs and specialized technical infrastructure. Ghose said the fact that most of the capital is concentrated in specific assets, leaving the entire ecosystem off the priority list, makes Cosmos’ future even more uncertain.
*This is not investment advice.
