I saw a post from Solend and Suilend co-founder Rooter asking, "Why has Cosmos never gotten as much attention as Solana?" Here are my thoughts:

1. Cosmos is not equal to Cosmos Hub

Cosmos is often mistaken for just the Cosmos Hub, which means that as long as the price of $ATOM does not perform well, Cosmos has "failed."

In fact, the Cosmos ecosystem is very diverse and dominates the entire vertical industry, or at least has strong competitors in each industry.

Fetch, Cronos, Injective, dYdX, Thorchain, MANTRA, Akash Network, Celestia, Saga, Dymension, Sei, etc. have all received great attention in their respective industries of expertise.

Picture source: Foresight NewsCosmos Ecological Project Evolution

The above are all Cosmos chains. The difference is that they are autonomous sovereign chains with their own ecosystems, foundations, marketing strategies, brands, etc.

Even larger chains like Polygon or the BNB chain are partially powered by Cosmos’ technology. (Translator's Note: Polygon PoS uses the Tendermint consensus, and BSC uses the Cosmos SDK.)

There are also some big upcoming projects such as Babylon, Berachain or Nillion, which also use Cosmos technology. Some of these projects are more openly identified as "Cosmos projects", while others are not, and that's okay. (Translator’s note: Although Berachain is built using the Cosmos SDK, it has always opposed being called a “Cosmos project”)

So the first point as to why Cosmos is considered unattractive is that it is still often considered synonymous with Cosmos Hub and $ATOM.

2. Interchain Foundation’s inaction

Second, unlike organizations like the Solana Foundation or the Ethereum Foundation, the Interchain Foundation does not play a central role in coordinating marketing, developer onboarding, community initiatives, and development — at least not yet.

The advantage of this is that there is minimal dependence on a single organization, but the disadvantages are lack of consistency, difficulty in coordination, fragmented vision, and difficulty in dividing responsibilities.

Solana is moving very quickly, thanks to the Solana Foundation. The Solana Foundation has taken a very proactive approach, hosting large conferences like Breakpoint, funding Superteams around the world, and strategically incentivizing all market participants to join and become educated about Solana.

This is so cool, in fact, we are working hard to replicate this model for the Cosmos ecosystem. Without funding, this is very challenging.

3. There is no “unified currency” in the ecosystem

Third, it is worth noting that the core of Cosmos is that chains have interoperability while ensuring sovereignty, which means that there is no "unified currency" that can rule all these chains.

The entire ecosystem is not supported by a single basic chain or token. This is not because they have "forgotten" it, but because this is the essence of Cosmos.

I wasn’t there when $ATOM launched in 2019, but I’m told that this was a conscious design decision — not to directly tie IBC adoption to the value of $ATOM, but to let the market decide.

The principles of Cosmos make it highly adaptable, which is great for long-term sustainability, but less so for short-term hype.

Terra (Translator's Note: Terra ($LUNA) was developed using the Cosmos SDK, and its 22-year collapse dealt a huge blow to the Cosmos ecosystem) proves the application chain theory in extreme circumstances. Tendermint, now Comet BFT, has been around for a long time and is widely adopted. IBC has proven to be flexible, has never been hacked, and is integrated into many projects.

Having said that, I still expect $ATOM to perform well and gain a foothold as it helped get this $30 billion ecosystem off the ground and proved its technology while still remaining at the top of the market cap 5 years after the token’s existence. 40 persons.

The areas that I think need improvement are:

  • Rebrand Cosmos as “Interchain”

  • Improve developer onbording process;

  • Copy Solana Superteam's model

  • The Interchain Foundation should play a more proactive role

The Interchain Foundation is currently undergoing some structural changes and may take additional steps from now on.

There's a lot more to consider and a lot of aspects that still need to be figured out, but here's my overall opinion.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.

  • This article is reprinted with permission from: "Foresight News"

  • Original author: Cryptocito, Stakecito Lianchuang

  • Compiled by: Alex Liu, Foresight News