Cosmos is home to a booming $100bn+ ecosystem that includes Binance, Terra, and THORChain.
Many overlook Cosmos due to misconceptions that value doesn't accrue to $ATOM.
However, upcoming upgrades change this story and $ATOM will be at the center of the Cosmos ecosystem.
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First a quick overview of Cosmos.
Cosmos consists of various independent blockchains that follow a hub and spoke topology.
Hubs = Router of information for zones.
Zones = Application specific blockchains.
They communicate through an interoperability standard called IBC.
Cosmos provides a development kit (Cosmos SDK) for developers so that they can build application specific blockchains (zones).
Blockchains built with the Cosmos SDK have the ability to customize their chains to optimize for their use cases (ie Thorchain = cross-chain liquidity).
Thought I would share some valuable investing knowledge I have accumulated from experience in Tradfi so we are all equipped to make $$$ this run.
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1. Markets remain irrational for longer than you think, so don't be scared to press your winners (i.e. when people think we have topped, the real move is often yet to come).
The market as a whole can continue to get overvalued often for a long time and vice versa.
2. I'm seeing too many people place too much emphasis on certain ratios for DeFi projects such as P/E or FD/TVL.
What you need to consider is the full context — the film version as opposed to pictures.
It's clear to me that we are headed to a multi-chain world.
At the center of this world is the demand to move value between blockchains.
$RUNE is not only the best way to express this thesis, it is the purest way of expressing it, which provides it a scarcity premium.
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@thorchain_org is an independent blockchain built using the Cosmos SDK.
It is not only optimized for cross-chain liquidity, it also offers extremely strong value capture for $RUNE, which accrues value deterministically based on liquidity.