Cosmos-based DeFi Protocol Quasar Closes $5.4 Million Funding Round Led By Shima Capital

Key Points: Quasar has successfully raised $5,432,100 (countdown intended) for its bridge round, with a $70 million valuation. A $5.4 million fundraising round headed by Shima Capital and including participation from Polychain Capital, Blockchain Capital, HASH Capital, CIB, and others was completed for Quasar, a Cosmos-based DeFi protocol.

Timeline of Cosmos

The Cosmos [ATOM] network saw a material increase in active developers over the last few months, according to a Token Terminal tweet on 10 January. While this may seem like a positive development, ATOM's price continued to decline.

Cosmos Daily, a popular Twitter handle that posts updates related to the Cosmos ecosystem, revealed an update about the ecosystem. The Cosmos [ATOM] was the most traded Cosmos IBC token in the last seven days.

At present, HedgeUp, Atom, and Ripple have become the most sought-after cryptocurrencies owing to their stability and high out-turns.   Bitcoin has remained the top choice of investors for quite a few years.

The popular pseudonymous host of crypto market analysis show “Coin Bureau” explained in a recent interview why he is so bullish on $ATOM, the native coin of proof-of-stake (PoS) blockchain Cosmos.

While there are a number of different protocols vying for attention, Snowfall Protocol (SNW) is quickly gaining ground as a top choice for those looking to invest in the crypto space.

The $HDUP cryptocurrency will power the HedgeUp platform, allowing users to earn passive income from alternative investment instruments such as wine, diamonds, aviation, gold, fine art, and luxury watches

The current state of the crypto market has created a great deal of uncertainty in the industry. However, despite the FUD, Osmosis, a DEX on the Cosmos [ATOM] ecosystem, has continued to build and announced a new stableswap.

In December, Bitcoin outperformed the native tokens of the Solana, Ethereum, Polkadot, Binance, and Cosmos ecosystems, according to data analyzed by CryptoSlate. The post Bitcoin outperforms Layer 1s SOL, ETH, DOT, BNB, ATOM in December appeared first on CryptoSlate.

Osmosis, a DEX on Cosmos Hub witnesses huge growth on the social front Despite this ATOM's prices and sentiment against Cosmos Hub continued to decline $OSMO, the token for the largest DEX on Cosmos, outperformed a lot of other cryptocurrencies on the social front.

Cosmos (ATOM), one of the cryptocurrencies dubbed an “Ethereum killer,” was created to address the issues of slowness, high transfer rates, and environmentally hazardous blockchains. Furthermore, cryptocurrency aims to reduce the complexity and difficulty of blockchain technology for developers.