Is the Cosmos Ecosystem Harboring Hidden Gems? ($ATOM, $OSMO, $JUNO, $SCRT)

January 6, 2022

There’s a lot to like about Cosmos ($ATOM)…
Unlike custom tokens running on Ethereum or the Binance Smart Chain (BSC), many tokens within the Cosmos ecosystem don’t require ATOM to function.
In fact, they each represent the primary token of a custom blockchain, built using the Cosmos SDK, utilizing Tendermint core consensus and the ‘Inter-Blockchain Communication’ protocol (IBC).
Many of these tokens have been enjoying an increase in recognition in recent months.

A non-exhaustive list of popular Cosmos ecosystem tokens shows significant near-term mention growth… But there’s a significant disparity in the market caps and total mention volume. As a top-10 coin by market cap, Terra ($LUNA) accounts for nearly half of the combined Mention volume, with other notables like Cosmos itself and Crypto.com Coin ($CRO) accounting for an additional quarter.

Today we’re focusing on a few of the “hidden gems” — Tokens accounting for less than 5% of the total combined mention volume.

Osmosis ($OSMO): The first and only Decentralized Exchange (DEX) for tokens utilizing the IBC protocol. It has enjoyed a massive surge in popularity since it’s release in October 2021, already accounting for ~$100B worth of swaps daily.

Secret ($SCRT): A smart contract capable blockchain built with data privacy in mind. Allows a greater degree of control over data sharing with smart contracts, a concept coined “programmable privacy”.

JUNO ($JUNO): A robust platform that allows developers to efficiently deploy interoperable (IBC-enabled) smart contracts using a variety of programming languages. A good candidate for future Decentralized Application (DApp) development.

Akash ($AKT): The Akash Network provides a fast, decentralized, and low-cost cloud deployment solution for applications. By leveraging underutilized cloud capacity and open-source tech, Akash’s development team claims they can offer cloud computing services at 2x-3x lower cost than that of centralized providers.

KAVA ($KAVA): A cross-chain DeFi lending platform, allowing users to borrow stablecoins while earning yield on deposited capital — The least impressive in terms of Mention growth. Excluding KAVA, all of these projects constitute promising investment opportunities…OSMO and JUNO top the list.

JUNO has demonstrated the most impressive near-term volume growth:

Chatter has increased +97% in the past month (30d MA), and with a market cap of ~$500M, it’s got plenty of room for growth going forward.

OSMO adoption is rising alongside the price of ATOM:

Liquidity on the exchange recently topped $1B and could continue to rise as the Cosmos ecosystem continues to grow.

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