Cosmos leads the scalability of crypto ecosystems

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Cosmos emerges as a scalability engine for the largest crypto ecosystems, catalyzing innovation during the anticipated Sovereign EVM Day held on June 30 in Cannes.

The event brought together over 18 leading teams from the blockchain sector, offering an overview of the solutions that are redefining DeFi, interoperability, and the productivity of cross-chain financial assets.

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Cosmos Roadmap: a new level for DeFi and crypto scalability

Barry Plunkett and Maghnus Mareneck, Co-CEO of Interchain Labs, opened the summit by presenting the Cosmos growth roadmap and the debut of Cosmos EVM.

This solution represents the first fully integrated Layer 1 stack with EVM, already adopted by leading entities such as Ripple, TAC, and Babylon.

The focus of the presentation was on Cosmos’s ability to offer developers maximum flexibility and control, allowing them to design sovereign blockchains and highly interoperable EVM decentralized applications (dApp).

Cosmos EVM directly connects Ethereum and, thanks to the upgrade of IBC (Inter-Blockchain Communication), it will soon be extended to Layer 2 and Solana.

This step lays the groundwork for a system where Cosmos acts as a vital hub for financial assets, tokenized (RWAs), institutions, and multichain applications, promoting the creation of an interconnected and productive network.

In the main speech, Luke Judges, Director of Ripple, and Ferran Torres, CEO of Peersyst, announced a milestone: the launch of the mainnet of the XPL EVM sidechain, developed with Cosmos SDK.

This integration allows Ripple to enable advanced DeFi capabilities on the XRP ecosystem, valued at over 127 billion dollars, opening up a vast field of new financial applications.

The key aspect concerns the more than six million XRP users, who can now access applications based on both XRP, EVM, and Cosmos without barriers, all thanks to the IBC protocol.

This makes the Ripple blockchain extremely attractive for projects seeking interoperability and cross-chain access.

During the course of the work, the Stride team illustrated the impact of the IBC revolution in decentralized finance, thanks to the upcoming launch of DEX Stride.

Supported by the Interchain Foundation, the new decentralized exchange will allow trades across multiple blockchains, offering deep liquidity and enhancing IBC Eureka.

TAC and the expansion of TON in the EVM ecosystem

As a result, Stride shapes a concrete and high-performing multichain experience, allowing the efficient routing of numerous assets between IBC, Ethereum, Solana, Bitcoin, and other significant chains.

This approach promotes the vision of a DeFi truly cross-chain, with exchanges and financial opportunities accessible without limits, supporting the growth of interoperable assets and new forms of on-chain productivity.

Marco Monaco, co-founder of TAC, presented the TAC blockchain, an EVM layer that extends the functionalities of the TON and Telegram ecosystem.

The revolutionary aspect of the TAC solution is the native integration on Telegram: this makes DeFi applications possible directly within the popular messaging platform.

With over one billion Telegram users, the new EVM layer provides access to decentralized apps without having to leave the wallet or the main app.

Additionally, TAC allows connection to hundreds of blockchains, including Ethereum, always using the interchain protocol IBC, thus bringing DeFi and mainstream user experience closer.

The presence at the Sovereign EVM Day of teams like Starknet, Polygon, Babylon, Pantera, and Anoma/Namada demonstrates the growing interest of the crypto sector towards interoperable and scalable stacks.

During the panels and technical deep-dive sessions, experts shared concrete solutions aimed at reducing entry barriers between blockchains, enhancing the competitive advantages of the cross-ecosystem approach.

The event, held at the Hotel Belle Plage in Cannes, marked the official launch of the Sovereign Series, creating a global meeting and discussion space dedicated to exploring the frontiers of Web3 at the intersection of all chains.

Cosmos and the new paradigm of the Internet of Blockchains

The final comment by Barry Plunkett summarizes the shared vision: “From Telegram to XRP, millions of people will soon access EVM and the multichain world with Cosmos.

Sovereign EVM Day has realized today the vision of the Internet of Blockchains, where innovative projects can build new forms of interoperable productive assets.”

The connection between ecosystems, enabled by the IBC protocol, opens cross-chain development scenarios not only for DeFi but also for traditional assets, financial institutions, and real-world utilities on a large scale.

The Sovereign EVM Day marked a historic milestone in the journey towards true interoperability among the leading crypto ecosystems.

Cosmos confirms itself as a key player in the evolution of cross-chain technologies, serving as a meeting point for developers, institutions, and users interested in fully leveraging the potential of DeFi and native and tokenized financial assets.

Looking ahead, infrastructures like Cosmos EVM and the expansion of IBC towards new layers and blockchains represent the foundation for even more connected, efficient, and accessible ecosystems.

The development opportunities and the democratization of financial tools are now within reach, suggesting ever-expanding scenarios for those who wish to build or invest in the future of Web3.