Cosmos Witnesses Surge in Daily Active Users, Leaving Bitcoin and Ethereum Behind

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Cosmos has experienced a significant increase in its daily active users, surpassing Bitcoin and Ethereum. The rise in active addresses grew by 182%, indicating a shift in market sentiment. Despite this growth, Cosmos' native token ATOM did not see a significant price increase. The expansion of the Inter-Blockchain Communication (IBC) protocol to the Binance Smart Chain could be one of the factors contributing to this surge in users. Cosmos is also focused on maintaining its development activity to remain competitive in the blockchain industry.

Cosmos witnesses a rise in its daily active users, leaving Bitcoin and Ethereum in the dust. What could have caused this rise?grew by 182%, data by Token Terminal revealed. Thus, the number of active addresses grew at a faster pace compared toIt seemed necessary to compare Cosmos to Bitcoin and Ethereum because they are the top two blockchains, in a nutshell.

One of the factors that influenced the increase could be linked to the Inter-Blockchain Communication protocol expansion to the Binance Smart Chain. The IBC is an open-source protocol developed to handle the movement of data between blockchains.a few weeks ago, the expansion would also offer more opportunities for those involved in staking ATOM. Besides that, Cosmos is also making movies to ensure that it lasts long in the list of blockchains with a good level of development activity.

 

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