Cosmos 2023 Q4 Status Report: ATOM price and Cosmos Hub revenue increased by 52% and 129% respectively compared to the previous quarter

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2024/02/08 08:39

Messari released the Cosmos Q4 2023 State of the Network report, with the following specifics:

The inflation rate decreased from 14% to 10%, and introduced fee burning similar to EIP-1559. These protocol changes stemmed from Tokenomics RFP and ATOM 2.0 whitepaper, subsequently triggering the AtomOne fork.

ATOM price and Cosmos Hub revenue increased by 52% and 129% respectively on a quarter-over-quarter basis. The revenue increase helps mitigate the economic impact of decreasing inflation.

Daily active addresses and daily trading volume increased by 56% and 158% respectively on a quarter-over-quarter basis. This growth was partly driven by activities related to inscriptions.

Neutron and Stride TVL increased by 153% and 179% respectively on a quarter-over-quarter basis. They are among the first chains protected by Cosmos Hub replication security joining the Atom economy zone.

Atom Alignment Treasury and Atom Accelerator DAO will receive funding in 2024, planning to update governance/voting mechanisms separately, providing funds for more RFPs.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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