universe (ATOM) is a token that powers the blockchain network that bears its name, increasing by 12.7% in the last 24 hours.ATOM is currently trading at $ 11.45, according to data from CoinMarketCap..
ATOM is the 27th largest cryptocurrency with a market capitalization of $ 3.2 billion.
Despite today’s bullish behavior, ATOM is down 74% from the record high of $ 44.70 in September 2021.
The volume of coins traded is skyrocketing on various exchanges. Its total trading volume has been around $ 327 million in the last 24 hours, an increase of 11% from the previous trading day.
Cosmos is a decentralized network of independent parallel blockchains, each with a Byzantine Fault Tolerance (BFT) consensus algorithm. Developers can also develop their own blockchains, allowing all Cosmos-based blockchains to interact with each other.
Some of the most popular blockchains in the Cosmos ecosystem are Thorchain, Kadena, and perhaps less recently Terra.
How many Cosmos networks do you have?
There is a total of 49 tokens It runs on the Cosmos ecosystem and has 28 InterBlockchain Communication (IBC) compliant blockchains.
A total of 265 apps and services support the space ecosystem, including blockchain, wallets, and explorers, according to data from. universe..
Cronos, the largest protocol by TVL in the ecosystem, has increased its total locked value (TVL) by 2.16% to $ 2.32 billion over the last 24 hours. DefiLlama..
For Kadena, TVL was $ 7.2 million, an increase of 18% over the last 24 hours. Defirama..
In addition to DeFi activity, the tokens that underlie various Cosmos-based tokens are also increasing.
Over the past day, Cronos (CRO) has risen 4.67%, Thorchain (RUNE) has risen 2.6%, Kava (KAVA) has risen 8.8%, Kadena (KDA) has risen 10.8%, and Cartesi (CTSI) has risen. It increased by 6%.
Meanwhile, Bitcoin (BTC), the largest cryptocurrency on the market, has risen 4% in the last 24 hours and is currently trading at around $ 30,187.
Ethereum (ETH) has risen 4.4% in the last 24 hours and is currently changing hands at $ 2,026.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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