Cosmos loses momentum and sees projects leaving the blockchain ecosystem.

• Cosmos faces decline with the departure of strategic projects.
• The Cosmos ecosystem is losing users, capital, and innovation.
• High costs put pressure on the sustainability of the Cosmos network.

The Cosmos ecosystem (ATOM), known for its proposal of interoperability between blockchains, is going through one of the most delicate moments since its creation. Recent assessments indicate a significant decrease in activity, marked by the exit or reduction of operations of projects considered strategic to the network.

Christopher Goes, co-founder of Anoma (XAN), stated that Cosmos is in sharp decline and "near its end," highlighting that interest from both users and the market has reached historically low levels. According to him, this weakening has a direct impact on the capacity for innovation and the maintenance of initiatives within the ecosystem.

According to the statements, several Cosmos-based projects have completely shut down in recent months. Others have opted to drastically reduce their operations, maintaining only basic functions while redirecting resources to ecosystems considered more sustainable. This movement highlights a shift in priorities among developers and investors.

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Among the examples cited is the shutdown of Penumbra's operations, while Osmosis entered maintenance mode, reallocating teams and capital to other areas. Noble, meanwhile, is reportedly in the process of withdrawing from the Cosmos ecosystem, with plans to concentrate efforts on alternative off-grid environments.

Goes points out that one of the main obstacles faced by Cosmos projects is the high operational cost. The need for specialized technical infrastructure, coupled with the complexity of maintaining interconnected independent blockchains, has reduced long-term viability for smaller teams or those with limited funding.

Another factor mentioned is the concentration of capital in a few assets within the ecosystem itself. This scenario limits the liquidity available for new projects and reduces the incentive for experimentation, contributing to a cycle of stagnation. With fewer resources circulating, innovative initiatives find it difficult to scale or even survive.

Anoma, a project co-founded by Goes and currently listed on Coinbase, is not directly part of the Cosmos ecosystem, but closely follows its evolution. According to the executive, the gradual removal of relevant projects from market priority lists reinforces the uncertainty surrounding the future of Cosmos.

Although the network technology continues to offer advanced interoperability solutions, the current situation raises questions about the sustainability of the adopted model and about Cosmos' ability to retain talent, capital, and relevance in the cryptocurrency sector.