The real meaning behind this news, 90% of folks just don't get it. It's not the death of a single public chain; it's a clear signal that the modular cross-chain narrative bubble has burst.
The core EVM-compatible chain in the Cosmos ecosystem, Evmos, officially stopped block production on May 18th. Their website and block explorer are all offline, just 3 days after passing the shutdown proposal.
The core issue with Evmos shutting down isn't a lack of funds; it's the deadlock between Cosmos IBC and EVM compatibility. As the main hub connecting Cosmos to Ethereum, its demise directly cuts off the core asset channels between the two ecosystems. Back in 2022, before the Terra collapse, I noticed that core cross-chain projects halted first; history is repeating itself.
In the next 7 days, the cross-chain trading volume in the Cosmos ecosystem will drop by at least 30%. The capital flight from related cross-chain bridges has already started, while retail traders are still fixated on Memecoin, completely oblivious.
The modular cross-chain narrative will completely fragment; cross-chain hub projects without real users and locked assets will face mass extinction. Capital will shift entirely toward cross-chain solutions with real grounding, leaving no room for pure narrative projects to raise funds.
Don't try to justify this by saying "project failures are just normal industry iterations." Evmos peaked with over a billion dollars locked, and it was Cosmos's EVM flagship refined over two years. Its death signals a complete failure of Cosmos's core strategy to connect with Ethereum.
Think I'm overanalyzing? Share your reasons.
#区块链 #加密货币 #Cosmos
$EVMOS $ATOM $ETH
The core EVM-compatible chain in the Cosmos ecosystem, Evmos, officially stopped block production on May 18th. Their website and block explorer are all offline, just 3 days after passing the shutdown proposal.
The core issue with Evmos shutting down isn't a lack of funds; it's the deadlock between Cosmos IBC and EVM compatibility. As the main hub connecting Cosmos to Ethereum, its demise directly cuts off the core asset channels between the two ecosystems. Back in 2022, before the Terra collapse, I noticed that core cross-chain projects halted first; history is repeating itself.
In the next 7 days, the cross-chain trading volume in the Cosmos ecosystem will drop by at least 30%. The capital flight from related cross-chain bridges has already started, while retail traders are still fixated on Memecoin, completely oblivious.
The modular cross-chain narrative will completely fragment; cross-chain hub projects without real users and locked assets will face mass extinction. Capital will shift entirely toward cross-chain solutions with real grounding, leaving no room for pure narrative projects to raise funds.
Don't try to justify this by saying "project failures are just normal industry iterations." Evmos peaked with over a billion dollars locked, and it was Cosmos's EVM flagship refined over two years. Its death signals a complete failure of Cosmos's core strategy to connect with Ethereum.
Think I'm overanalyzing? Share your reasons.
#区块链 #加密货币 #Cosmos
$EVMOS $ATOM $ETH