An ecosystem of App-Chains 3.

The Cosmos is full of App-chains, with various utilities and objectives. These app-chains come to market with their own sovereign spin on how they handle security, governance and all the other aspects that can make a blockchain unique in its Architecture. In this first post and this second post, I have gone over many projects, that collectively make up the Cosmos Ecosystem. So feel free to look back and review those other projects that are building out the Cosmos.

Here are a few more projects, that I find interesting in the Cosmos ecosystem:

Noble- Noble is as a native asset issuance chain, built in collaboration with Circle. This chain will soon be the home to native USDC, as well as any other real world asset, seeking to be digitized and distributed throughout the Cosmos. This chain starts will USDC, but in the future it could be utilized to issue other currencies, bonds, stocks or any other asset being issued. This chain has alot of potential, in terms of bringing real world assets into the digital realm, in a safe environment.

Noble also intends to launch as a Cosmos Hub consumer chain, through Interchain Security. Meaning, ATOM stakers will earn fees from the chain, likely in USDC but potentially other assets like ATOM or other tokens as well.

Crescent- Crescent is an App-chain, build specifically as an order book Dex. They provide both ranged liquidity as well as basic liquidity. One of the unique features of Crescent, is it’s ability to natively liquid stake it’s CRE token, on the platform. This makes it a no-brainer to liquid stake in the platform and has lead to the main utility token on the platform actually being the liquid staked derivative token, bCRE. That being said, the defacto token to pair with, is actually bCRE rather than CRE.

Axelar- Axelar is a multi-chain bridge, that seeks to connect outside chains, to the Cosmos IBC. However, this bridge is built different than the traditional bridge. Most bridges that are used, use a multi-signature wallet architecture, to keep the funds on the bridge secure from exploits. However, the issue here is, this leads to a spot where generally, there are only 8 keys involved in the security of the bridge, and only 5 of these keys need to sign to perform transactions on behalf of the bridge. That leads to a centralized issue, and has lead to dozens of tens of millions or hundreds of million dollar hacks.

Axelar, provides a different security model. This model, is one where the validator set of the chain itself, act as the guardians of the bridge and are the holders of the private keys. And security mechanisms such as key rotations and rate limits help to ensure security on the Axelar Bridge. With that in mind, there are 70 validators on the Axelar bridge, meaning that this bridge is significantly more decentralized than most bridges out there, meaning it is orders of magnitudes more secure.

Secret Network- Secret Network, is a network that has a privacy by default, smart contracting capabilities. This functionality is extremely attractive to many people and industries that seek privacy for Defi, rather than the current standard which is largely transparent and provides no privacy for the end user.

Quasar- Quasar is an app-chain, that utilizes a vault mechanism, with assets to be used to generate yield for the protocol. It will leverage these vaults for many IBC assets to be put into, and in return, these providers can earn the protocols native Quasar token. These vaults will then be used to generate yield on the assets. Stakers of their native token, will also earn a yield, based on how profitable the investment strategies are as well. In a way, Quasar could end up being an index of various IBC tokens, with many tokens contributing to the value of the token in terms of both TVL and yield generation.

Quicksilver- Quicksilver is a liquid staking blockchain, with a unique set of governance features that are going to launch soon. While the product on its surface is pretty simple, you stake your tokens with them, they give you a liquid staking derivative to use in its place. However, Quicksilver differs in the aspect of governance. Basically, when you liquid stake the token, so long as you continue to hold the tokens, you will be able to vote in on-chain governance through their protocol. This differs from the liquid staking protocol Stride, as when you stake on that protocol, you give up the governance rights to the protocols whitelist of Validators.

Chihuahua- Chihuahua is the first meme coin in the Cosmos Ecosystem. But it’s alittle different than other memecoins. Chihuahua is actually a full layer 1 smart contracting platform. It is Cosmwasm enabled and provides an easy building experience for all of your meme building needs. It also has a burn mechanism, where 50% of transaction fees are burned and with enough transactions, could make it a deflationary token.

Conclusion

How do you like this list? Feel free to let me know any projects you like or have interest in! Many, if not all of these projects have social media on Reddit or Twitter, so feel free to do more research or ask questions in the comments and I’ll answer what questions I can! Also, feel free to comment any projects you feel deserve to be included in this list.