Cosmos, an altcoin, saw a significant increase in daily active users, surpassing Bitcoin and Ethereum. Over the past 30 days, Cosmos' daily active users have increased by 182%, according to Token Terminal data. This growth in active addresses has outpaced that of Bitcoin, Ethereum, and Coinbase’s L2 base. Despite the increase in active users, Cosmos' native token, $ATOM, has not seen a corresponding increase in value. One possible factor contributing to the growth in active users is the expansion of the Inter-Blockchain Communication (IBC) protocol to the Binance Smart Chain, which provides more ATOM staking opportunities. Cosmos is also focusing on development activities and has seen an increase in features delivered through the project. Sentiment around Cosmos has been largely positive, although there are signs of waning optimism.
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