Initia Mainnet, Noble AppLayer, and 4 Airdrops You Can Claim Now
This week’s report highlights key events across the Cosmos ecosystem:
Initia Mainnet
Noble AppLayer
Cosmos Hub progress and new apps
Osmosis Bitcoin & Sei's Giga upgrade stats
Movement's 250M MOVE incentives program
Four airdrops available to claim now
Let’s dive in!
Major News
Initia Mainnet Is Live
Initia is a network of interwoven rollups—an L1 blockchain combined with a system of interconnected optimistic rollups. Here's what you can do now:
Check your eligibility for the INIT airdrop here
Create a wallet and onboard to Initia here
Provide liquidity to the INIT/USDC pool and earn over 1000% APR through Enshrined Liquidity here
Liquid stake your INIT with MilkyWay here
The initial supply is 110M INIT, distributed via the airdrop and Binance launch campaign. More tokenomics details are available here.
Want to dive deeper? Read our recent Initia deep dive here.
Noble AppLayer
Noble has announced Noble AppLayer—a new foundation for stablecoin-native applications.
It's a high-throughput EVM network built to support permissionless apps that leverage composable yield, powered by Celestia.
AppLayer will utilize USDN, which has already reached $69.4M TVL just one month after launch, turning that liquidity into composable yield for builders.
Key features include:
100ms block times
Full interoperability with Cosmos
Gateway for Noble issuance services to EVM
Stablecoin liquidity to EVM chains via Hyperlane & IBC Eureka
Cosmos Hub Updates
With the launch of IBC Eureka, the Cosmos Hub has evolved into a transaction router and coordination layer for chains and apps connected to Eureka. Every Eureka transaction routed through the Hub will burn ATOM, enhancing its utility.
Early adopters include:
Babylon Chain – Using Eureka for user and Bitcoin LST onboarding
dYdX – Building spot markets, multi-collateral, and more
Mantra – Onboarding institutions and users from Ethereum, Solana (soon), and L2s
Elys Network – Bringing ETH, WBTC, and RWAs to their Cosmos-based DEX
Injective – Enabling seamless BTC LST liquidity for vault products
Ripple sidechain (XRPL) – Next to integrate with Eureka
New applications coming to the Hub:
Orbit Earn – A DeFi savings and investment app. Check them out here.
The first Eureka-powered DeFi platform on Cosmos Hub will be announced at the end of April (source).
Interesting Numbers & Charts
Bitmosis
Osmosis has recorded over $100M in monthly BTC trading volume for five consecutive months.
Soon, Osmosis will become a Bitcoin-secured network, powered by Babylon.
Sei Giga Upgrade With Autobahn Consensus
Sei’s recent Giga upgrade, featuring Autobahn consensus, showcased 5 gigagas of processing power on a globally distributed internal devnet.
This reinforces Sei’s position as one of the fastest chains in the market.
DeFi, NFTs & Apps: Have you tried these?
Movement DeFi Incentive Program Is Live
Movement DeFi Spring has begun!
Up to 250M MOVE in incentives will be distributed to:
Liquidity providers
Traders on the Movement Network
Redepositors of Cornucopia assets
Read the details here. Plus, MoveDrop is also coming this month!
Airdrops Alpha
Four Airdrops You Can Claim Right Now
Is airdrop season back? It sure feels like it.
Here are four airdrops you can claim today:
INIT from Initia. Check it out here.
HYPER from Hyperlane. Check it out here.
MILK from MilkyWay. Check it out here.
PASG from Passage. Check it out here.
Watch the tutorial on how to claim these airdrops by Seppmos from our team:
Minor News
XO.Market — Conviction markets are coming to Celestia
Converge — An Ethena L2 built with Arbitrum stack and Celestia underneath
Mantra 300 OM burn initiative — This include 150M OM from JP and and another 150M from key ecosystem partners