The Cosmos Hub was the first blockchain and hub to be launched in the Cosmos ecosystem.

Cosmos defi project. Cosmos plans to accelerate DeFi growth with Gravity Official Announcement With the first interchain decentralized exchange Gravity DEX built by B-Harvest Tendermint and a decentralized secure bridge to Ethereum Gravity Bridge built by Althea network Cosmos is set to accelerate DeFi growth. This will cause more users to access Ethereum DeFi via the Cosmos Hub and Gravity Bridge and opening up a wealth of opportunities that will as Simpier enthuses enrich DeFi in both Cosmos and Ethereum through a positive feedback loop. Kava is now the first operational DeFi platform on the Cosmos network and will serve to empower digital asset holders not only within the Cosmos.

Cosmos has two types of blockchains. Changpeng Zhao Binances chief executive officer stated that now Kava is developing for BNB new case use which ought to provide added value for the users of BNB. Cosmos has a native token named ATOM.

In the case of the latter the last year or so has seen popular protocols including Terra Kava. It fixes the inherent obstacles found in proof of work POW cryptocurrency networks. The idea of DeFi as a segment dominated by Ethereum is rapidly becoming an outdated concept.

Cosmos is a proof of stake POS platform. The market capitalization is currently around 4B it is among top 25 cryptocurrencies. The next step in its quest for a multichain future is to bring DeFi to Cosmos by using an inevitable force.

The latest buzz in the crypto space is Kava DeFi protocol now launched and live on the Cosmos ATOM mainnet enabling its users to start placing their Binance Coin BNB as collateral in order to get USDX. Guided by a belief that decentralized finance DeFi is still missing a simple and convenient savings product South Korea-based stablecoin issuer Terra has revealed Anchor a new DeFi project. As per Messari Research the popular DeFi platforms BAND Kava THORChain and Terra are helping Cosmos build a parallel Decentralized Finance DeFi ecosystem.

Binance Smart Chain Polkadot and Cosmos are all nurturing burgeoning DeFi ecosystems of their own. But a parallel DeFi ecosystem is quietly rising up on Cosmos. Zones are regular blockchains while hubs are blockchains that connect zones with one another.