Taking stock of potential protocols for unissued coins in the Cosmos ecosystem

24-01-16 11:10
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Original Title: "What are the potential protocols in the Cosmos ecosystem that have not yet issued coins?"
Original Source: "Sleeping in the Rain"


One, ZetaChain


ZetaChain is a Layer1 blockchain with built-in cross-chain interoperability, compatible with EVM, supporting users and developers to achieve universal smart contracts and message transmission between any chains (including non-smart contract chains such as BTC and Doge).


Developers can use the toolset to build full-chain DApps based on ZetaChain single point.


Currently, more than 150 DApps have joined the ZetaChain ecosystem, with over 3 million users on the testnet. For more information, please click on this link.


The reason to pay attention to ZetaChain is:


1. LayerZero is about to release its token, and the era of full-chain narrative is coming (and Wormhole is also about to issue its own token).


2. ZetaChain supports the BTC chain, which is in line with the native BTC narrative. In the future, DApps on ZetaChain may have the ability to support native BTC assets (Sushi announced a partnership with ZetaChain in November 2023 to provide native BTC support, allowing Sushi users to exchange native BTC among 30 networks).


3、ZetaChain has recently announced many partnerships, including SushiSwap mentioned above, as well as Curve, Bounce, and others.


4. ZetaChain's important partner, WaaS (Wallet as a Service) provider Magic, completed a $52 million financing round last year, led by Paypal.


ZetaChain has released its vision and roadmap for the launch of its mainnet 1.0.


Additionally, Meta Merge, a sub-game of Ultiverse led by Binance Labs, has joined the ZetaChain testnet for construction. In the future, Ultiverse will also expand its multi-chain interoperability as a metaverse platform through ZetaChain. The progress of this collaboration between these two projects is also worth paying attention to.


Now, we can also participate in the ZetaChain testnet interaction through the OKX Web3 Wallet: link.


二、Dymension


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Dymension is also a member of the modular blockchain industry, and it is a modular settlement layer.


Celestia has separated the DA layer and built it as a modular component to provide DA services for Layer2. Layer2 only needs to focus on execution and perform data settlement on Layer1. The reason why Layer2 chooses Celestia as the DA layer can be essentially attributed to "higher cost-effectiveness" (which means higher profits).


The launch of Dymension is aimed at addressing the fragmentation between Layer2 solutions. Previously, Layer2 solutions were custom deployed, using different multi-signature bridging methods and security assumptions. Dymension will unify Layer2 solutions through IBC, establish standardized processes, and ultimately realize the vision of building a Web3 internet by RollApps.


In short, what Dymension does is to use the IBC protocol to unify Layer2 standards and integrate liquidity, using the Dymension Hub to protect liquidity in the network, and to publish its transaction data on the DA layer (such as Celestia, Near, which can be independently chosen by RollApps).


Dymension is interesting in that it is built around RollApps, a new cryptographic primitive. Developers building on top of it only need to focus on polishing their products and providing better user services.


Additionally, two other projects in the same industry are worth mentioning:


- Eclipse is a competitor of Dymension.


- Fuel is a modular execution layer.


Three, Saga


If you want to understand Saga in simple terms, you can also understand it as part of a modular ecosystem. The main service form of Saga is to help other developers build dedicated chains. These developers can make trade-offs in product design according to their own needs.


The Saga team believes that the current competition for Web3 applications is essentially a competition for block space. Therefore, Saga's vision is to enable developers to build their own dedicated Web3 application chains in the simplest way possible.


That is, one-click link sharing.


Saga further lowers the barrier to entry based on Cosmos. With Saga, developers can launch their own EVM chain within 10 minutes. Saga calls this The Unblock Movement.


And the inclination of Saga is to create an interoperable gaming (metaverse) ecosystem.


























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