Analysis

Based on the given information, it appears that the older chains in the Osmo Cosmos network have not been sending ATOM back to Cosmos. Furthermore, there is a wide variance in ATOM transfer activity between the different chains. This could be due to differences in the size and activity of the chains, as well as the specific protocols and rules governing each chain. Additionally, it is notable that over 200K ATOM has been transferred from the Juno chain to the Cosmos chain. This could indicate a strong connection and relationship between the two chains, potentially indicating a strategic partnership or alliance.

Target Chain ATOM Token Flow

What is Cosmos?

Cosmos is a blockchain network designed to enable interoperability between different blockchains. It consists of a number of independent, parallel blockchains, called zones, each powered by a Byzantine Fault-Tolerant (BFT) consensus algorithm known as Tendermint. The Cosmos Hub serves as the central hub of the Cosmos network and acts as an intermediary between zones, allowing them to exchange tokens and information. The Cosmos Hub also features a decentralized exchange (DEX) and a Proof-of-Stake (PoS) consensus algorithm for validators.

What is IBC?

IBC (Inter-Blockchain Communication) crypto is a protocol that enables interoperability between different blockchains. It is designed to allow data, value, and assets to move seamlessly across different blockchains and create a single, connected blockchain ecosystem.

What is ATOM?

ATOM is a cryptocurrency token launched by the Cosmos Network, a decentralized network of independent blockchains. It is used to validate transactions on the Cosmos Hub and to secure the network. ATOM tokens can also be used for staking, which allows holders to earn rewards for participating in the network’s consensus mechanism.

Introduction

Welcome to the Cosmos ATOM token flow dashboard! This dashboard provides an in-depth look at the flows of the ATOM token to and from the Cosmos network to other chains using the Inter-Blockchain Communication (IBC) protocol. You will be able to see the most popular chains for ATOM IBC in and outflow, the growth in new ATOM transfers over time, and the overall number of ATOM on-chain and IBC transfers. This dashboard can provide valuable insights into the adoption and usage of the ATOM token within the Cosmos network and its connections with other networks.

Atom Flow by Chain

Analysis

Based on the given information, it appears that Osmosis is the most popular chain for ATOM IBC in and out flow from Cosmos. This could indicate that Osmosis is a well-established and widely-used chain within the Cosmos network, and that it has strong connections and relationships with other chains in the network.

In contrast, the Injective chain is the second most popular chain in terms of ATOM transfer volume. However, this chain is growing rapidly, indicating that it is gaining popularity and traction within the Cosmos network.

Additionally, it is noteworthy that over the past 180 days, approximately 100 million ATOM has been sent off of Cosmos to other IBC chains. This could indicate that the Cosmos network is actively participating in inter-blockchain communication and transactions with other networks.

Cosmos ATOM Transfers

Analysis

Based on the given information, it appears that there was a significant increase in new ATOM transfers between January and March of 2022. This could indicate that the Cosmos network experienced a period of growth and increased activity during this time, potentially due to new users joining the network or increased adoption of the ATOM token. Furthermore, there are approximately twice as many on-chain ATOM transfers as IBC transfers. This suggests that the majority of ATOM transactions are occurring within the Cosmos network, rather than being transferred to other networks via IBC. Additionally, since the start of 2022, over 500K wallets have transferred ATOM on the Cosmos network. This indicates a high level of usage and adoption of the ATOM token within the network.

Conclusion

In conclusion, the analysis of the given information suggests that the Cosmos network has experienced significant growth and activity in terms of ATOM transfers. The Osmosis and Injective chains appear to be the most popular within the network, with Osmosis being the most widely-used and Injective experiencing rapid growth. Furthermore, the majority of ATOM transfers are on-chain rather than being transferred to other networks via IBC. Overall, these findings indicate a high level of adoption and usage of the ATOM token within the Cosmos network.