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Cosmos Registers 1 Million Transfers in a Month Across the Ecosystem

The Cosmos cross-chain network has registered a steady growth in recent times and it managed to reach a new milestone when it comes to its activity.

The backbone of the Cosmos ecosystem, the Inter Blockchain Communication protocol (IBC), has registered an increase in activity over the previous month as over one million transfers were logged.

Cosmos released the IBC in March of this year in order to allow cross-chain decentralized finance and interoperable NFT transfers. In the months that followed, it increased more and more, welcoming new projects and blockchains into the ecosystem such as THORChain’s Chaosnet, Kava, Terra, and Band.

1,071,132 transfers were registered across the previous 30 days with 45,738 transfers on IBC in the time span of the previous 24 hours.

Crypto.com is also running on the Cosmos network, and after it released a successful NFT platform and marketplace in September, the momentum grew even more.

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