Gateway By Wormhole Foundation Connects 20+ Blockchains To Cosmos
Portfolio Pulse from Murtuza Merchant
The Wormhole Foundation has introduced a new application-specific blockchain (appchain) named Gateway into the Cosmos (CRYPTO: ATOM) ecosystem. The Gateway blockchain aims to simplify the process of introducing tokens to any Cosmos chain and drive liquidity growth in the Cosmos ecosystem. This is the first appchain that facilitates the connection of liquidity and users from over 20 different blockchains to any Cosmos appchain.
July 21, 2023 | 5:09 pm
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The introduction of the Gateway appchain by Wormhole Foundation into the Cosmos ecosystem could potentially increase the utility and liquidity of the Cosmos blockchain, which may positively impact the price of ATOM in the short term.
The launch of the Gateway appchain is designed to increase the utility of the Cosmos blockchain by simplifying the process of introducing tokens to any Cosmos chain. This could attract more developers and users to the Cosmos ecosystem, potentially driving up demand and price for ATOM.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100