Cosmos is in an existential dilemma: their technology IBC, modularity, app-chain is the most mature in the industry, yet it creates an ecosystem without a central power, causing economic value to leak into dozens of independently operating chains. ATOM has failed to impose its monetary role, failed to absorb value, and failed to create incentives that keep capital in place. Fragmentation, sluggish governance, and the absence of an aggressive strategic direction make Cosmos appear as a top-tier innovation trapped in a technically brilliant but market-fragile lower-class economic structure.
ATOM
2.246
+0.31%