XDEFI Integrates with Osmosis, IBC Transfers, and Squid Router, Bringing 30 Blockchains and 10,000+ Assets into the Cosmos Ecosystem

XDEFI, the leading multi-chain wallet extension offering a comprehensive suite of cryptocurrency asset management solutions, has announced its integration with: Osmosis IBC transfers Squid Router (powered by Axelar Network) This represents a significant step towards improving the liquidity flow of the Cosmos ecosystem.

Timeline of Cosmos, Osmosis

In a significant development in the blockchain world, the community has voted unanimously in favor of a proposal to re-enable inter-blockchain communication (IBC) between Crescent and Terra Luna Classic. This decision comes as a result of Proposal 271, aptly titled “Re-enable IBC Client to Terra Classic.

LUNC News: The community has unanimously voted in favor of a proposal to re-enable inter-blockchain communication (IBC) transfers between Crescent and Terra Luna Classic. Professor Edward Kim earlier announced the reopening IBCs for Osmosis, Crescent, and Juno that were disabled during the May 2022 Terra-LUNA crisis.

In recent weeks, the cryptocurrency market has been on edge, anticipating a possible altcoin breakout, with investors closely monitoring alternative coins that are likely to lead the rally. Indeed, altcoins have been vying for attention, attempting to steal the spotlight from Bitcoin (BTC), one of the best performers of 2023.

According to Messari, in Q2 2023, the Osmosis Protocol, a decentralized exchange (DEX) within the Cosmos ecosystem, experienced a decrease in volumes and users, each down over 25%.

The Wormhole Foundation announced the introduction of a novel application-specific blockchain (appchain) into the Cosmos (CRYPTO: ATOM) ecosystem. In a recent blog post by Wormhole, the company revealed the newly launched blockchain, named Gateway, aims to simplify the process for developers and users to introduce tokens to any Cosmos chain.

Stride, a provider of liquid staking tokens in the Cosmos ecosystem, successfully transitioned to the Cosmos Hub's Interchain Security (ICS) at block 4616678, which was reached Wednesday at 3:20 pm ET.

Cosmos Stride, the eco-liquidity staking protocol, has announced its plans to transition from the existing Stride token model (STRD) to the Cosmos Interchain Security (ICS) system, which is backed by the ATOM token.

Kava blockchain will facilitate USDT's launch on interchain. This development will not only make it easier for DeFi users to transfer funds from one chain to another, but also make it more cost efficient.

Japan, known for its technological advancements and progressive regulatory environment, is making significant strides in the cryptocurrency landscape. In a groundbreaking partnership, the country's largest banks have joined forces to bring stablecoins to the Cosmos ecosystem.

TOKI, a cross-chain bridge provider and partner of Progmat, will be working with Noble, a token issuance protocol, to bring fully collateralized Japanese stablecoins to the Cosmos ecosystem.