{"id":331770,"date":"2021-08-29T01:37:08","date_gmt":"2021-08-28T22:37:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cosmos-atom-rallies-after-launching-a-cross-chain-bridge-and-wrapped-bitcoin\/"},"modified":"2021-08-29T01:37:08","modified_gmt":"2021-08-28T22:37:08","slug":"cosmos-atom-rallies-after-launching-a-cross-chain-bridge-and-wrapped-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cosmos-atom-rallies-after-launching-a-cross-chain-bridge-and-wrapped-bitcoin\/","title":{"rendered":"# Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e21e267d68\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e21e267d68\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cosmos-atom-rallies-after-launching-a-cross-chain-bridge-and-wrapped-bitcoin\/#Expanding_DeFi_capabilities\" >Expanding DeFi capabilities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/cosmos-atom-rallies-after-launching-a-cross-chain-bridge-and-wrapped-bitcoin\/#Ethereum_bridge_opens_up_opportunitie\" >Ethereum bridge opens up opportunitie<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/cosmos-atom-rallies-after-launching-a-cross-chain-bridge-and-wrapped-bitcoin\/#Wrapped_Bitcoin_comes_to_Cosmos\" >Wrapped Bitcoin comes to Cosmos<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Cosmos (ATOM) rallies after launching a cross-chain bridge and wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed Bitcoin <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network&#8217;s high transaction fees and delayed confirmations.\u00a0<\/p>\n<p>One of the biggest beneficiaries of the quest to find a more welcoming smart contract environment has been Cosmos (ATOM), a project focused on interoperability that has set out to become the \u201cinternet of blockchains\u201d thanks to its Inter-Blockchain Communication (IBC) protocol.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ATOMUSDT\/\">TradingView<\/a> shows that the price of ATOM rallied 180% from a low of $8.87 on July 20 to a high of $24.77 on Aug. 22 as its 24-hour trading volume surged from an average of $250 million to $1.87 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/e6f523e8-2fea-4267-a896-e6a52bc5943f.png\"><figcaption style=\"text-align: center;\"><em>ATOM\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ATOMUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Three reasons for the strong showing from ATOM over the past month include the release of decentralized finance protocols on the network, the launch of a sidechain that enables the exchange of assets between Cosmos and Ethereum and the announcement of plans to bring Bitcoin (BTC) to the Cosmos ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Expanding_DeFi_capabilities\"><\/span>Expanding DeFi capabilities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Decentralized finance (DeFi) has been one of the biggest developments to emerge from the blockchain ecosystem over the past couple of years and is set to revolutionize the traditional financial sector. <\/p>\n<p>The recent launch of the first functioning user interface for DeFi on Cosmos, known as Emeris, has been one of the biggest movers of ATOM price of late because the introduction of cross-chain exchange capabilities excited members of the Cosmos community and led to a spike in demand for the token. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u269b\ufe0f \u2728Emeris beta, the first interface for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GravityDEX?src=hash&amp;ref_src=twsrc%5Etfw\">#GravityDEX<\/a>, is NOW live <\/p>\n<p>The cross-chain portal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/emerisHQ?ref_src=twsrc%5Etfw\">@emerisHQ<\/a> has just launched, making <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DeFI?src=hash&amp;ref_src=twsrc%5Etfw\">#DeFI<\/a> in Cosmos a reality! <\/p>\n<p>Experience the power of cross-chain DeFi today  <br \/><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/U7V8rkDAYP\">https:\/\/t.co\/U7V8rkDAYP<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/JzrJg9Ookj\">pic.twitter.com\/JzrJg9Ookj<\/a><\/p>\n<p>\u2014 Cosmos &#8211; Internet of Blockchains \u269b\ufe0f (@cosmos) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cosmos\/status\/1428079555747717121?ref_src=twsrc%5Etfw\">August 18, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Through the new interface, users can access a number of cross-chain DeFi protocols on the Cosmos network and trade assets on blockchains like IRISnet (IRIS), Persistence (XPRT) and the Akash Network (AKT). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_bridge_opens_up_opportunitie\"><\/span>Ethereum bridge opens up opportunitie<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second reason for the ATOM rally is the integration of Sifchain with the IBC, which made the project the first decentralized exchange to enable trades between the Cosmos ecosystem and the Ethereum network. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> Another shining star joins us:<br \/>Welcome to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/IBCgang?src=hash&amp;ref_src=twsrc%5Etfw\">#IBCgang<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sifchain?ref_src=twsrc%5Etfw\">@sifchain<\/a>!<\/p>\n<p> The value that Sifchain brings to the cosmos ecosystem is undeniable, and we look forward to building an exciting interchain future together!<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ATOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ATOM<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ROWAN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ROWAN<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IRIS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IRIS<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24AKT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AKT<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24CRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$CRO<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24OSMO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OSMO<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ION&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ION<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24DVPN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DVPN<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24XPRT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XPRT<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24REGEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$REGEN<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IOV&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IOV<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/gP8Ek3buRE\">https:\/\/t.co\/gP8Ek3buRE<\/a><\/p>\n<p>\u2014 Cosmos &#8211; Internet of Blockchains \u269b\ufe0f (@cosmos) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cosmos\/status\/1431237941687422982?ref_src=twsrc%5Etfw\">August 27, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ethereum currently hosts most of the top smart-contract protocols for DeFi and NFTs and this integration allows users of both ecosystems to easily trade assets between the two networks. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wrapped_Bitcoin_comes_to_Cosmos\"><\/span>Wrapped Bitcoin comes to Cosmos<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third reason for the current bullish momentum comes from an Aug. 23 announcement that the Interchain Foundation (IFC), an organization that funds development grants in the Cosmos ecosystem, had granted funding to the Interlay development fund for bringing Bitcoin to the Cosmos network. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> Bitcoin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> is coming to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Cosmos?src=hash&amp;ref_src=twsrc%5Etfw\">#Cosmos<\/a>! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/inter_btc?ref_src=twsrc%5Etfw\">@inter_btc<\/a> is building an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/IBC?src=hash&amp;ref_src=twsrc%5Etfw\">#IBC<\/a> bridge to enable any IBC compatible chain to access trustless Bitcoin. This exciting step will help Cosmos grow the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&amp;ref_src=twsrc%5Etfw\">#DeFi<\/a> sector &amp; improve inter-blockchain collaboration. <br \/> Read more:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/wonb7l0q8W\">https:\/\/t.co\/wonb7l0q8W<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/REDoB2Pb4n\">pic.twitter.com\/REDoB2Pb4n<\/a><\/p>\n<p>\u2014 Cosmos &#8211; Internet of Blockchains \u269b\ufe0f (@cosmos) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cosmos\/status\/1429834634863550467?ref_src=twsrc%5Etfw\">August 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin is the undeniable leader of the crypto market and it holds a vast majority of the accumulated wealth of the ecosystem, so the ability to operate on Cosmos has the potential to bring new users to the network.<\/p>\n<p>Interlay utilizes a lock-up and vault <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> that lets users secure their Bitcoin and mint fully collateralized interBTC that can be used in many DeFi projects and the feature is already available as a Polkadot parachain.<\/p>\n<p>This integration will allow BTC to be used in the Cosmos DeFi ecosystem and it will bring deep liquidity and an increase in utility to the network. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cosmos-atom-rallies-after-launching-a-cross-chain-bridge-and-wrapped-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin &#8221; Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network&#8217;s high transaction fees and delayed confirmations.\u00a0 One&#8230;<\/p>\n","protected":false},"author":1,"featured_media":331771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvMDRhMzBkYTMtY2Y1Ni00NTM2LTk0YTItOTAyMWIwZWQzNmYzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,82174,74863,74877,74868,74891,20093,73785],"class_list":["post-331770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-bitcoin-utility","tag-cryptocurrencies","tag-decentralized-exchange","tag-defi","tag-ethereum","tag-cosmos","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/331770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=331770"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/331770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/331771"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=331770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=331770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=331770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}