In an interview with Cryptonews.com, Sunny Aggarwal, co-founder of Osmosis, shared his insights on the Cosmos ecosystem and more! The post Sunny Aggarwal on the Cosmos Ecosystem, Osmosis DEX, and Bitcoin-Based DeFi | Ep. 382 appeared first on Cryptonews.

Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using Sinpemovil, a quick cellphone-linked fiat payment method, debit and credit cards.

Osmosis is partnering with ICP-built Omnity network in order to provide a service for bridging non-custodial BTC into Cosmos.

Bitcoin has once again surged above $60k causing the entire cryptocurrency market to turn bullish with tokens like Orchid (OXT), Osmosis (OSMO), Peercoin (PPC), and Pendle (PENDLE) causing a buzz due to their price performance.

TL;DR Osmosis launches Polaris, a “token portal” that simplifies cross-chain trading through a single interface, addressing fragmentation in DeFi. Polaris will allow users to operate with tokens from various networks, such as Ethereum and Solana, without the need for multiple wallets or bridges.

The team behind the Cosmos-based decentralized exchange (DEX) Osmosis said it is preparing to launch a new project called Polaris that they've been developing in stealth.

Osmosis, the leading interchain decentralized exchange (DEX) and DeFi hub on Cosmos has unveiled plans for a new product called Polaris, described as a “Token Portal” designed to address fragmentation issues in the digital assets ecosystem.

Osmosis has introduced the Polaris portal, a solution to the fragmentation that crypto users face across decentralized finance. With crypto's increasing popularity, the number of different blockchains and their associated ecosystems has surged.

Polaris is described as a "token portal" aimed at solving one of decentralized finance's biggest challenges: fragmented user experience.

Following a successful DAO vote with 99.6% approval, Nomic, which offers a decentralized, non-custodial Bitcoin bridge to IBC-enabled chains like Osmosis, aims to enhance Bitcoin liquidity on the Osmosis platform. This proposal involves waiving Bitcoin bridging fees for transactions originating or terminating on Osmosis.

Osmosis Decentralized Autonomous Organization (DAO) is unanimously supporting a proposal to adopt a revenue share proposal that enables a zero-fee Bitcoin bridge to the Cosmos ecosystem via Nomic. The proposal has received overwhelming community support, with about 92% of DAO members favoring the zero-fee upgrade.

Osmosis DAO is likely to adopt a fee-free Bitcoin Bridge, pending determination, as the ballot is still open.

TL;DR Osmosis DAO is on the verge of approving a ‘fee-free' Bitcoin bridge to enhance liquidity within the Cosmos ecosystem. The proposal has strong backing with 91.7% community votes in favor, aiming to eliminate Bitcoin bridge fees through Nomic.

If approved, the upgrade would mean bitcoin can move more freely into the Cosmos ecosystem, potentially bringing in new liquidity.

Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.

One of Polkadot's largest parachains is investing big in its ecosystem, while the Polkadot community pours money into liquidity.

Moonbeam Network, a Web3 smart contract platform, has launched a $13 million funding initiative to boost its ecosystem growth in key areas like gaming and real-world asset (RWA) tokenization. The $13 million package consists of a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants.

Token Unlocks data shows major releases for APT, IMX, and others, totaling over $240 million.

Fireblocks integrates with Cosmos, leveraging Osmosis to enhance DeFi functionalities.

This initiative encompasses a multifaceted approach aimed at propelling the network forward and enhancing its capabilities. At the forefront of the Moonrise initiative is a comprehensive brand redesign, reflecting the network's commitment to modernity and progress.

Moonbeam is an Ethereum-compatible smart contract platform based on Polkadot. It acts as a developer-focused bridge connecting different blockchain ecosystems, including Ethereum, Cosmos, Solana, Avalanche, and others.

Even if you're not an avid ‘Cosmonaut,' you're probably familiar with Sunny Aggarwal, the co-founder of Osmosis Labs. With an infectious smile and upbeat personality, Sunny's name is surprisingly apt.

Web3 development platform Moralis announced it had added support for Moonbeam Network, the go-to destination for multi-chain applications on Polkadot across its Application Programming Interface (API).

Web 3 development platform Moralis said it has added support for Polkadot's parachain Moonbeam Network across its Application Programming Interface (API) suite, according to a press statement shared with CryptoSlate. Moralis helps developers solve issues they face when transitioning from Web2 systems to decentralized blockchain apps through its APIs.

Despite the community failing to bring more attention to the protocol, Polkadot's blockchain has achieved a new all-time high in active addresses, surpassing 600,000 by the end of March. Among these active addresses, over 41% are attributed to Moonbeam, the cross-chain smart contract platform.

Latest updates on SHIB, TAO, and OSMO coins.

Story Highlights The live price of GLMR token is Moonbeam price is expected to hit a maximum of $1.317 by the end of 2024. With a potential surge, the GLMR price may go as high as $5.024 by the end of 2030.

Osmosis has been identified as the DeFi project with the highest level of development activity, contrasting with Uniswap, which has shown slower progress.

TL;DR Osmosis, dydX, and Synthetix are leading the pack in the DeFi sector with the most active development. Osmosis, a Decentralized Exchange (DEX) on the Cosmos network, has seen over 169 commits on GitHub in the last 30 days.

The decentralized Cosmos exchange Osmosis has been listed as the most actively developed DeFi project in the last month.

TL;DR Osmosis and Astroport, two major players in the decentralized finance (DeFi) sector, have announced a collaboration to deploy programmable liquidity pools on Cosmos, enhancing liquidity and offering more options for yield farming.

Cosmos-based decentralized exchange Astroport is set to deploy its passive concentrated liquidity (PCL) pools on Osmosis, the largest Cosmos-based DEX by volume, following successful governance votes on both platforms.

In a strategic move that signals a major shift in the landscape of digital gaming, Moonbeam Network has announced a groundbreaking partnership with Animo Industries, a prominent player in the web3 gaming development arena.

Animo Industries captivates with ‘Stars Arena'. It is a third-person mech-shooter online multiplayer game with immersive stories and advanced graphics.

Blockchain gaming is heating up as titles head to platforms like the Epic Game Store in the hopes of winning over mainstream consumers.

As Per the latest news, Terra Luna Classic's L1TF developer, Vinh Nguyen, has forked the Osmosis test tube to enhance Astroport functionality and test upcoming upgrades, including an 800 million USTC burn. This development aims to fortify the Terra Classic ecosystem and positively impact LUNC and USTC prices.

Terra Luna Classic core developer group L1TF developer has successfully forked the Osmosis test-tube to work with the Terra Classic. It will help developers test fixes to the Cosmos liquidity protocol Astroport applied last month.

Latest updates on XRM, SLM, and OSMO coins.

Latest updates for SMOKE, OSMO, and AXL coins

Starknet, Osmosis, and Moonbeam have emerged as leaders in crypto ecosystem growth, according to the 2023 Crypto Developer Report from Electric Capital.

Our analysis column on the crypto world continues!

This week, around five crypto projects are gearing up for token unlocks, as reported by Token Unlocks. One of the most significant unlocks is from Aptos (APT), with plans to release tokens worth $228.05 million on January 12.

Osmosis, Celestia, and Kaspa reported between 8% and 12% gains as the top cryptocurrency gainers on Jan. 5.

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $44,000 level on Friday. Ethereum (CRYPTO: ETH) also edged higher, trading above the key $2,200 mark this morning.

Cosmos-based DEX Osmosis hit $1.121 billion in monthly volume during December 2023, based on DefiLlama data. The DEX's native token OSMO has surged on the back of increased activity and is currently trading at $1.51, up 121.97% over the past 30 days, based on CryptoSlate data.

A decentralized exchange (DEX) built on Osmosis (OSMO) was hacked for $1.14 million worth of crypto this week. The Levana Protocol (LVN), which focuses on perpetual swaps, announced on Wednesday that it had been hit with an oracle attack that impacted 10% of its liquidity pools (LPs).

Levana, a perpetuals trading protocol, suffered an exploit — resulting in a loss of over $1.14 million from its liquidity pools.

OSMO's social volume has been trending higher since late October, a positive sign for the token.