Hydro

Billion

Cosmos

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Cosmos blockchain has observed a continuous decline in the overall transaction along with the active users.</a> </li> 
 <li> <span>2</span> <a>ATOM price is currently trading near the value of $8.41while seeing a drop of 20% in the last one year</a> </li> 
</ul>  
<p>Cosmos network is built on the interchain, which reduces costs while scaling effortlessly. The platform is believed to scale at a fraction of the cost of the others, with near-zero fees of $0.01 while having transaction rates as low as 500ms.</p> 
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<p class="has-text-align-center">Source: Cosmos.network</p> 
<p>It leverages IBC connections from hundreds of validators of<a href="https://www.thecoinrepublic.com/2024/05/01/cosmos-crypto-social-volume-is-dying-with-its-price-is-atom-isnt-so-popular/" target="_blank" rel="noreferrer noopener"> Cosmos</a> for enterprise-grade security. It has one of the fastest-growing communities of developers and innovators who are connected all over the world. Meanwhile, Hydro was launched on the blockchain, which is an interchain auction for liquidity exports. Let’s have a look at the onchain analytics of the Cosmos Network.</p> 
<h2 class="wp-block-heading" id="strong-will-declining-transactions-and-wallets-affect-cosmos-growth-strong"><strong>Will Declining Transactions and&nbsp; Wallets Affect Cosmos Growth?</strong></h2> 
<p>Cosmos IBC protocol lets it connect with the global economy. The total IBC-connected economy is over $117 Billion, with 94+ independent chains. It has a blocktime of 6.091S and a TPS of 3.43. The overall inflation rate of the ATOM token is 10%, with an APR of 14%. The protocol has 180 validators, while 62.4% of its supply is in Bonded tokens. Looking at the governance trend of the protocol, it has a proposal pass rate of 44.76%, with over 120 passed proposals.</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/gy_J8apMvj7vkrbztCFBywqw1rrAHGUYAaSiM3CHN3YjqKNPLqXpd5gW0qGQVUjUHkl1CD5N8Ujnwb5asCixTfqWWeEsVht-Ho3bodNNGdNPtKXJCHeWUXS9PouVsRBghMOxmj3jT2Aax0h1qJYkQig" alt="" style="width: 100%;height:auto">
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<p class="has-text-align-center">Source: mintscan.io</p> 
<p>Cosmos network has been observing a solid decline in the number of active wallets and transactions. The average number of active accounts on the Cosmos blockchain is around 32528, with a total of 88548 transactions in the past 24 hours.&nbsp;</p> 
<p>The overall Total Interchain Value has declined from the highs of $3.75 Billion and reached $3.3 Billion. It has a total monthly active developers of 664 with a total commits of 41,184. Let’s look at the price action scenario of ATOM crypto.</p> 
<h3 class="wp-block-heading" id="strong-atom-price-losses-20-from-the-past-one-year-are-atom-bulls-dead-strong"><strong>ATOM Price Losses 20% from the Past One Year; Are ATOM Bulls Dead?</strong></h3>    
<p><a href="https://in.tradingview.com/chart/ATOMUSD/3C3dUEho</a> by <a href=" https: in.tradingview.com u ritika_tcr ">Ritika_TCR</a> on <a href="https://in.tradingview.com/">TradingView.com</a></p>  
<p>ATOM has a market cap of $3.2 Billion and is ranked 32nd in the cryptoverse. It has observed a gain of 10% in the volume in the last 24 hours. ATOM price is currently near the value of $8.41%, with a drop of over 20% in the previous one year period.</p> 
<p>ATOM token price is moving in a strong consolidation zone on the daily chart.&nbsp; It is trading below the 50 and 200 EMA on the daily chart.&nbsp;</p> 
<p>The RSI of ATOM price is currently at 45 with no slope, hinting at its presence in the oversold zone. The overall sentiment of the RSI is neutral in nature.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Cosmos network has been observing a decline in overall transactions and wallets. Cosmos’s overall APR and TPS have been constant for a while. ATOM price is currently trading in a consolidation zone but can see a new high in the future.</p>

Transactions and ATOM Price Remains Steady for The Cosmos Network

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