Osmosis launches new stableswap on the Cosmos Hub network The TVL for Cosmos declines alongside its weighted sentiment 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 […]
ecosystem, its total value locked continued to decline. According to DefiLlama, Cosmos’s TVL fell from $416,365 to $356,492 in the past month.Despite the decline in the TVL for Cosmos Hub, it continued to grow on the social front. The social mentions and engagements spiked, which could be attributed to the developments being made on the ecosystem.
Data gathered from LunarCrush, a social analytics firm, suggested that the number of social mentions for Cosmos Hub increased by 7.2% over the last week. Furthermore, the number of social engagements for the Cosmos Hub grew by 1%., its weighted sentiment continued to decline heavily. According to data provided by Santiment, the sentiment against Cosmos had been negative throughout the last month. This indicated that the number of people who were speaking negatively about ATOM far outweighed the number of people who had a positive outlook on the token.Although there was a lot of negative sentiment surrounding ATOM, the number of transactions witnessed a huge spike over the last few days.
Along with the spike in the number of transactions, ATOM’s volume grew as well. Furthermore, as per data gathered from Santiment, ATOM’s volume increased from 130 million to 150.76 million in the past month. Moreover, although there was a decline in development activity over the last few weeks, the number of contributions being made by its GitHub team dwindled significantly.
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