Cosmos Network Wallet Reactivated After Two Years of Inactivity
Date: 2024-12-24 Author: Gabriel Deangelo Categories: BUSINESS
In addition, 21,600 ETH were transferred from the same wallet this year, the value of which at the time of the transfer was $50.9 million. At the moment, the wallet balance contains 96.4 BTC and 17,188 ETH, the total value of which is estimated at $67 million. These funds continue to be a significant part of the Cosmos Network assets, which confirms the developers' interest in maintaining and developing their ecosystem.
Interestingly, in January 2024, the Cosmos Hub community rejected a proposal to reduce the minimum inflation of the native ATOM token from 7% to 0%. This decision was important because it demonstrates the resilience to changes in economic indicators within the ecosystem, despite the pressure that changes in the cryptocurrency market are exerting.
In addition, in September 2023, the developers updated the central blockchain Cosmos Hub to version v12, adding a liquid staking module to its structure. This update was an important step towards expanding the functionality of the network and improving its ability to maintain liquidity and attract new users.
