Thread by @Thyborg_

If #Cosmos was a European football league, it's safe to say it just had its biggest transfer season ever

A recap of the confirmed migrations and why it matters 🧵

The football league analogy is quite appropriate because similar to the major clubs with players, established blockchains often have to extend massive financial offers to attract the top projects

Cosmos biggest catch, however, will run its own app-chain:

Ethereum's most successful L2 app @dydx is leaving the StarkEx roll-up to launch on Cosmos

https://twitter.com/Thyborg_/status/1539926258498142209

@dYdX Back in May, liquidation protocol @TeamKujira was the first Terra dApp to announce it was moving to its own sovereign chain

We're now a couple of weeks later and their incentivised testnet is already live

@dYdX @TeamKujira Another big recruit is Terra's biggest credit protocol

@mars_protocol is planning to launch a "Mars Hub" chain acting as a command centre for local satellite markets sitting on existing smart-contract chains like Osmosis & Juno

https://twitter.com/Thyborg_/status/1536302383675736064

@dYdX @TeamKujira @mars_protocol Another Terra protocol preparing to spin up its own chain to host a suite of DeFi applications is @ApolloDAO

Their products include a yield optimiser for optimal auto-compounds, a multi-sig wallet and payment router

@dYdX @TeamKujira @mars_protocol @ApolloDAO Both Mars & Apollo have received grants to launch on @osmosiszone, along with two other Terra projects:

@tfm_com for multi-DEX hops & volume splitting across the whole Cosmos ecosystem

@kado_money for fiat on-ramping & payment solution

https://twitter.com/osmosiszone/status/1530273917780230150

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money Community-first smart-contract chain @JunoNetwork wasn't to be left behind in the Terra sweepstakes and quickly put together a $5M fund to bid on projects as well

Migrating teams will include @loop_finance (DEX, NFT marketplace, Launchpad), @leap_wallet and @kado_money

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money @JunoNetwork @loop_finance @leap_wallet I recently talked to a Cosmos team (who shall remain nameless for now) about their efforts to get a significant number of Solana liquidity protocols to launch on their high-throughput Layer 1

The @dYdX announcement will only accelerate that trend

https://twitter.com/Thyborg_/status/1539201473363337218

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money @JunoNetwork @loop_finance @leap_wallet I'll also innocently leave that comment from @compoundfinance founder @rleshner and let people draw their own conclusions

Back in 2020, Compound floated the idea of a Polkadot chain to build a single network of liquidity & avoid fragmentation across L1s

https://twitter.com/rleshner/status/1539742229132152834

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money @JunoNetwork @loop_finance @leap_wallet @compoundfinance @rleshner My guess is that we see more high-profile migrations in the coming months.

However, like the Barca, Cosmos can count on homegrown talent

Here's a rough idea of what I'm seeing:
Tier1: 15 teams
Tier2: 50+ teams
Tier3: Too many to keep track

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money @JunoNetwork @loop_finance @leap_wallet @compoundfinance @rleshner Ultimately, even if hypothetical crypto expert E. Maxi thinks that hardly anyone is using Cosmos, the fact that so many elite teams are currently making it their base should be a signal to start paying attention:

Just like liquidity begets liquidity, talent begets talent

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money @JunoNetwork @loop_finance @leap_wallet @compoundfinance @rleshner Ethereum's success can easily be traced back to the time when innovative apps started launching there

The probability that the next Champions League winner, aka the next crypto killer app, will call Cosmos home is growing higher

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money @JunoNetwork @loop_finance @leap_wallet @compoundfinance @rleshner That being said, I'd also invite Mr Maxi to take a closer look on how Cosmos transactions data has been trending over time

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money @JunoNetwork @loop_finance @leap_wallet @compoundfinance @rleshner I'll be covering all the major projects launching in the Cosmos ecosystem, along with educative & digestible threads on governance, airdrops, wallets & tokens - you can get a sense of what that looks like in my Data Studio reports
datastudio.google.com/s/h6m0OvCTH2E

@dYdX @TeamKujira @mars_protocol @ApolloDAO @osmosiszone @tfm_com @kado_money @JunoNetwork @loop_finance @leap_wallet @compoundfinance @rleshner And if that sounds interesting, you may consider retweeting that first tweet below & giving me a follow @Thyborg_ ✌️

https://twitter.com/Thyborg_/status/1541013411001118720