#cosmos

The cryptocurrency project Evmos, which allows deploying Ethereum smart contracts on the Cosmos blockchain, decided to completely abandon the support of native Cosmos transactions and focus on Ethereum by the end of 2024.

Polygon Labs has launched its Chain Development Kit (CDK), a software tool designed to help developers create Ethereum Layer 2 chains powered by zero-knowledge proofs. The toolkit will support an "Interop Layer," a new protocol that aggregates zero-knowledge proofs from multiple Polygon chains and secures them on the Ethereum mainnet. This move aligns with Polygon's shift towards creating more interconnected chains, similar to ecosystems like Cosmos and Polkadot.

The Cosmos HUB community recently voted on a proposal to reduce the maximum inflation rate of its native token, Atom, from 14% to 10%. The voting concluded with 41.1% in support and 31.9% against the proposal.

dYdX Chain, a standalone Layer 1 platform based on Cosmos, has officially entered the beta-testing phase of its mainnet. This milestone follows a decisive governance vote, where over 99% supported the transition from post-trading to active trading.

Decentralized exchange dYdX has officially released its V4 platform code, signifying the completion of its migration to an independent blockchain within the Cosmos ecosystem.