Cosmos Touts Interoperability Advantage Over Ethereum, But Faces Liquidity Challenge

Cosmos Product Lead says Ethereum layer-2s fragment user and liquidity pools into silos without interoperability.
She argues Cosmos ecosystems have advantage over Ethereum with native IBC interoperability between application chains.
However, Cosmos ecosystems face issue of very low liquidity compared to Ethereum and its layer-2s.
Bridging Cosmos and Ethereum is impractical due to differences in their design and finality mechanisms.
There are ongoing efforts to connect IBC with EVM chains like Ethereum and extend compatibility.

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9/14/2023

Lido to Bridge stETH to Cosmos Ecosystems, Bringing Millions in Liquidity to DeFi Apps

Lido, an ether staking giant, is collaborating with two Cosmos blockchain projects, Neutron and Axelar, to bridge its staked ether tokens to the Cosmos network, potentially transferring large amounts of liquidity between the two blockchains. This move aims to enhance the accessibility and usability of Lido's tokens on various blockchains within the Cosmos ecosystem.

9/19/2023

Blockchain Protocols Migrate Between Chains as Ethereum Layer 2 Solutions Gain Traction

Canto, a Cosmos-native blockchain, is migrating to Ethereum as a layer 2 zero-knowledge rollup, following Astar's similar move from Polkadot to Ethereum, aiming to tap into Ethereum's deep liquidity while providing increased decentralization and trustless guarantees.