Odaily News On May 20, Tabi founder Xavier pointed out that in the past, the success of public chains often relied on innovative applications within the ecosystem, such as ETH's ICO and DeFi Summer. However, as the industry matures, this traditional path has gradually become ineffective. He mentioned that HyperliquidX, as a model of "fat application and thin protocol", shows a new direction for the development of public chains in the future. Compared with the numerous DApps, future public chains should focus more on the application chain model to improve efficiency and practicality. Application chains may become the key to the success of the next generation of public chains. In addition, Xavier also affirmed Cosmos' contribution to the application chain field. From account abstraction to inter-chain communication, these concepts provide an important theoretical basis for the future development of Layer 1.

Odaily News According to the official announcement, BitMart will launch MilkyWay (MILK) at 18:00 (ET) on April 29, and the MILK/USDT trading pair will be launched. MilkyWay is a Layer-1 network built on Cosmos SDK (CometBFT), focusing on tokenizing real-world assets (RWA) as its main product. Our security architecture eliminates the need for each off-chain service to initiate a separate security mechanism, enabling banks and agricultural enterprises in areas susceptible to hyperinflation to tokenize real estate or crops and connect them seamlessly to DeFi. We have received support from top venture capital firms such as Polychain, Binance Labs, and Hack VC.

Odaily News XT has launched OURO (Ouroboros) and opened the OURO/USDT trading pair in the Innovation Zone (Web 3.0). It is reported that Ouroboros (OURO) is a new generation of cryptocurrency built on Cosmos SDK and Tendermint, aiming to provide fast, secure and low-cost trading services. OURO adopts the Delegated Proof of Stake (DPoS) consensus mechanism. By delegating tokens to network validators, participants have the opportunity to obtain a stable monthly income of 3%.

Odaily News Web3 infrastructure startup Catalysis announced the completion of $1.25 million in Pre-Seed financing, led by Hashed Emergent, with participation from Presto Labs, Spaceship DAO, Funfair Ventures, Cosmostation and Crypto Times. Catalysis is developing the first "security abstraction layer" to unify the economic security of multiple re-staking protocols and simplify the process for developers and node operators to deploy shared security services. The platform has been integrated with re-staking protocols such as EigenLayer, Symbiotic and Kernel DAO, and plans to launch a public testnet in the second quarter of 2025.

Odaily News Bitget announced that it will launch Initia (INIT) on the pre-market trading market at 22:00 (UTC+8) today. Initia is a modular Layer-1 blockchain built on the Cosmos SDK, which provides scalability and interoperability through its interconnected rollups and utilizes INIT tokens for trading, staking, and governance.

Odaily News According to the announcement of Huobi HTX, Huobi HTX has opened the deposit service of OM at 19:30 (GMT+8) on April 14. The spot trading of OM/USDT will be opened at 21:00 (GMT+8) on April 14. The withdrawal service of OM will be opened at 21:00 (GMT+8) on April 15. It is reported that MANTRA is a Cosmos SDK-based L1 blockchain dedicated to filling the compliance gap in the Cosmos ecosystem. Positioned as a "blockchain that provides services for tokenized RWAs and regulated digital assets", MANTRA provides a high-performance, scalable blockchain architecture that supports a small number of regulated and compliant applications.

Odaily News On April 3, according to SoSoValue data, affected by factors such as Trump's announcement of comprehensive tariffs and the setting of a 10% "minimum benchmark tariff", the crypto market sector fell across the board, with a general decline of about 2% to 6% in 24 hours. Among them, Bitcoin (BTC) fluctuated greatly. After rising above $88,000, it fell below $84,000, falling 1.53% in 24 hours. Ethereum (ETH) fell 3.22% to around $1,800. It is worth noting that the RWA sector is relatively strong, rising 0.40% in 24 hours, among which Ondo Finance (ONDO), Pendle (PENDLE), and Plume (PLUME) rose 1.80%, 2.34%, and 5.73% respectively. At the same time, the crypto sector index, which reflects the historical market conditions of the sector, shows that the ssiRWA index rose 0.61% in 24 hours. In terms of other sectors, the CeFi sector fell 1.10% in 24 hours, and the Layer1 sector fell 2.09%, but Sui (SUI), Cosmos Hub (ATOM), and EOS rose against the trend by 1.99%, 2.17%, and 23.30%, respectively; the PayFi sector fell 2.19%, the DeFi sector fell 2.89%, the Meme sector fell 3.72%, and the Layer2 sector fell 3.91%.

<p>Odaily News Cosmos’ Interchain Foundation (ICF) has funded the open source of Evmos (EVMOS -32.90%), the native EVM framework for its multi-chain ecosystem of over 200 application chains. The foundation said the framework, previously developed under the Evmos project, will now be maintained as “Cosmos EVM” in the official cross-chain software stack, including the Cosmos SDK, meaning the Cosmos ecosystem now has a standardized version of the Ethereum Virtual Machine (EVM). This development enables the Cosmos blockchain to integrate the Cosmos EVM for full EVM compatibility, including support for JSON-RPC and Ethereum wallet compatibility via a lightweight EVM configuration for native ERC-20 tokens.<br/> The integration strengthens cross-chain interoperability between the broader EVM ecosystem and Cosmos through the Inter-Chain Communication (IBC) protocol. As part of this transition, Evmos co-founder Federico Kunze Küllmer will no longer serve as a core contributor to Evmos while continuing to advise the ICF on the interoperability and modular architecture of the Cosmos EVM, Evmos noted. Kunze Küllmer&#39;s company Altiplanic is a core contributor to the Evmos codebase and will no longer be involved in the project. (The Block)</p>

<p>Odaily News Initia officially announced that the Initia wallet browser extension will be deactivated. Users must complete the wallet migration before UTC 3:00 on March 18, otherwise they will not be able to access the test network data, including the test network Jennie token and related data. Migration can be carried out through the official website.<br/> In the future, Initia will give priority to the development of the wallet widget function, allowing users to connect existing EVM or Cosmos wallets to Interwoven Rollups of different virtual machines.<br/></p>

<p>Odaily News On March 2, DoraHacks held BUIDL Day in Denver, focusing on the early startup teams of the DoraHacks platform, and 45 star projects participated in the fair and roadshow. At BUIDL Day, DoraHacks released important focus areas for 2025, including: consumer-grade encryption applications, autonomous intelligent body encryption and organization, Freedom of BUIDL and privacy technology, sovereign independent blockchain, open source quantum software and infrastructure, quantum blockchain, open source hardware, etc. DoraHacks partners such as Aptos, Flow, Circle, Kaia, Sonic, Cosmos, Babylon, Movement, Initia, etc. participated in the event and provided support.<br/></p>