Cosmos Hub Logo

Cosmos Hub ATOM

Cosmos Hub header image

1. Summary

Ranks

Liquidity
100
Developer
93
Social
99
Momentum (beta)
48
Stack Rank™
88
Price
52W High price $14.19
52W High date 7th Mar 2024 (4 months ago)
All Time High (ATH) Date 17th Jan 2022 (2 years ago)
ATH Price $44.45
% From ATH -83.2%
All Time Low (ATL) Date 13th Mar 2020 (4 years ago)
ATL Price $1.16
% From ATL 543.81%
Supply & Trading Volume
Trading Volume (24h) $123.51M
Total Supply 390.93M
Circulating Supply 390.69M
Description

Cosmos has a mission of creating an Internet of Blockchains through improving its interoperability. It has an Inter-Blockchain Communication (IBC) Protocol which launched in February of 2021.

Cosmos has a mission of creating an Internet of Blockchains through improving its interoperability. It has an Inter-Blockchain Communication (IBC) Protocol which launched in February of 2021.

It aims to create a network of crypto networks that are united by open-source tools when it comes to streamlining transactions between them. It has a focus on customizability as well as interoperability. In fact, instead of focusing its attention on its own network, the goal here is to foster an ecosystem of the network that can share data as well as tokens programmatically, without a central party that facilitates the activity.

This means that each new blockchain that is created through the use of Cosmos, dubbed a zone, is then tethered to the Cosmos Hub, and it is at this hub that the record, as well as the state of each zone, is maintained.

It uses a proof-of-stake consensus mechanism, and it is powered by the ATOM cryptocurrency.

The ATOM Token Explained

The native tokens of the Cosmos network are referred to as ATOMs. While holding these tokens, the holder has the ability to stake and validate blocks, as well as vote on governance issues as well as pay for transaction fees.

The interesting part here is the fact that the initial ATOM tokens were created when the Cosmos mainnet launched, and these were distributed to the initial donors, token sale participants, the Cosmo Foundation, and the developers. That being said, all new ATOM tokens are generated as rewards to network validators.

Features of Cosmos

The Cosmos network has three layers. The first is the application layer, which processes transactions and updates the state of the network itself. The second is the networking layer, which allows communication between the transactions as well as the blockchains, and then there’s the consensus layer, which helps nodes agree on the state of the system.

However, in order for all of these layers to be tied together, Cosmos relies on different tools, one of which is Tendermint. This is an essential element, as the Tendermint BFT engine allows the developers to build blockchains without having to code them from the ground up, due to the fact that it is an algorithm used by the network of computers that run the Cosmos software with the intention of securing the network, validating the transactions and committing blocks onto the blockchain itself.

Then you have the Tendermint Core, which is a proof-of-stake (PoS) governance mechanism that keeps the distributed network running the Cosmos Hub synched.

This means that, in order for the participants to power the blockchain, and have the ability to vote on the chances, they need to stake ATOM.

However, to become a validator, a node needs to be in the top 100 of nodes that stake ATOM. Voting power is actually based on the amount of ATOM that is staked.

Founders of Cosmos (ATOM)

The co-founders of Cosmos are actually the people that founded Tendermint, which is the gateway to the Cosmos ecosystem.

These are Jae Known, Zarko Milosevic, and Ethan Buchman.

Jae Known stepped down as CEO in 2020 but maintains a part of the projects.

His replacement is Tendermint’s CEO Peng Zhong, and the whole board of directors was updated as well.

2. Price

ATOM

2.1. Market Performance

How does Cosmos Hub's (ATOM) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-8.6%

ATOM

1.6%

Similar Market Cap

60 Day Return

-14.0%

ATOM

-14.4%

Similar Market Cap

1 Year Return

-13.2%

ATOM

106.2%

Similar Market Cap

3. Developer Activity

We're monitoring 110 Cosmos Hub GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Cosmos Hub Repos)

Commits vs. The Market

  • Past 4 weeks: 136 commits vs. an average of 1
  • Past 12 weeks: 426 commits vs. an average of 8
  • Past year: 1,806 commits vs. an average of 119

Most Active Repos

Past week 44
Past 12 weeks 186
Past year 1581
Past week 54
Past 12 weeks 176
Past year 1173
Past week 0
Past 12 weeks 0
Past year 767
Past week 30
Past 12 weeks 51
Past year 301
Past week 6
Past 12 weeks 8
Past year 270
Past week 0
Past 12 weeks 0
Past year 254

Top Developers 2024

In total, 1382 developers have contributed to Cosmos Hub over the past year. Who are the most active Cosmos Hub developers, by commits, over the past year?

Related Projects

Developers working on Cosmos Hub also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 81,271
Active Reddit Users (past 24h) 71
Discord users
Active Discord Users
Telegram Users 16,653
Twitter followers 558,030
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website http://cosmos.network/
Explorer https://www.mintscan.io/cosmos
Twitter @cosmos
reddit /r/cosmosnetwork
Forum https://forum.cosmos.network/

What is the correct contract address for Cosmos Hub?

Kava 0x15932e26f5bd4923d46a2b205191c4b5d5f43fe3
Canto 0xeceeefcee421d8062ef8d6b4d814efe4dc898265
Evmos 0xc5e00d3b04563950941f7137b5afa3a534f0d6d6
Cosmos uatom
Archway ibc/27394fb092d2eccd56123c74f36e4c1f926001ceada9ca97ea622b25f41e5eb2
Osmosis ibc/27394FB092D2ECCD56123C74F36E4C1F926001CEADA9CA97EA622B25F41E5EB2
Binance-smart-chain 0x0eb3a705fc54725037cc9e008bdede697f62f335

Has Cosmos Hub been audited for security?

No security audits found for this project.

Are you the owner of Cosmos Hub? Edit it here

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