Movement Mainnet, Ethereum IBC Connection, Cosmos Chains Leading Net Inflows, Celestia's Dominance
GMove!
In his recent Kiss of Death blog post, Arthur Hayes suggests that Trump could induce a recession by cutting government spending, forcing Powell to lower rates and print money. Until the rate cut occurs, the US stock market and crypto market may continue trending downward.
Are you ready if this happens? What kind of hands do you have?
Looking into Cosmos, this report covers:
Movement mainnet is live!
Berachain and Noble lead net inflows.
±9M in DYDX to be bought back in 2025.
Celestia captures 90% of the DA market share.
Cosmos ⇄ Ethereum IBC connection launching this month.
Airdrops: BABY registration, OM Gendrop, Architects NFT.
Noble USDN attracts $20M+ TVL in one week, offering 18% APY on stablecoin.
Let’s dive in!
Major News
Movement Public Mainnet
Movement public mainnet beta is live!
Movement Network is a MoveVM blockchain settling to Ethereum and uses Celestia for data availability.
Dozens of apps have gone live, including liquid staking, NFTs, DEXs, money markets, launchpad, and prediction markets. Check them out here.
Bridge your fund to Movement here — powered by LayerZero.
MOVE ETFs were filed, details here.
Read the full announcement here.
Cosmos ⇄ Ethereum IBC Connection Coming This Month
IBC v2 will launch with the next Cosmos Hub upgrade, enabling the ETH ⇄ Cosmos bridge via IBC Eureka.
Read the draft proposal here. Voting begins next week!
What’s next? IBC Eureka will soon connect Cosmos with Solana and other L2s.
Interesting Numbers & Charts
Cosmos Chains Leading The Net Inflows
Berachain and Noble were leading the net inflows by chains, according to DeFi Llama.
Why?
Berachain — the best place for yield farming, with Proof-of-Liquidity launching soon.
Noble — the prime spot to park your stablecoins, earning 18% APY, stress free! Check it out here.
Celestia Captures 90% of the DA Market
The team remains laser-focused on scaling to 1GB blocks and launching Lazybridging for seamless rollup transfers.
Key metrics:
Power 26 rollups, notably Eclipse SVM, Derive, Manta Network and soon Initia.
Leading in the amount of daily data posted (~26GB vs. Ethereum’s 2.5GB).
Data costs have dropped 75% in the past year, now just $0.07/MB.
Blob fees surged 10x in 2024, generating $2K+ daily, peaking at $3.8K.
Bitcoin L2s like Bitlayer and Citrea are planning to use Celestia for DA.
Ethereum still dominates in liquidity, but Celestia is gaining momentum. If it continues attracting developers and rollups, it could become the go-to DA provider—and bring liquidity along with it.
Noble USDN Surpasses 20M TVL
Noble USDN has reached $20M+ TVL, just one week after launch.
$4M locked in Yield Vault earning 18% APY.
$13.7M held in Points Vault.
Want to try out these Vaults? Check out our team's tutorial here:
DeFi, NFTs & Apps: Have you tried these?
Namada: Shielding Your Assets
IBC asset transfers and shielding are now live on Namada, supporting ATOM, OSMO, and TIA.
Shielding your assets on Namada could make you eligible for the Namada NFT mint!
Watch the tutorial on Namada asset shielding guide by our researcher Seppmos below:
Bridge Between Cosmos ⇄ EVM with Keplr
Cross-chain swaps and bridging between EVM chains ⇄ Cosmos are now supported in Keplr Wallet.
Download Keplr wallet here. Make sure to update your extension to the latest version to try it out!
Airdrops
Babylon Airdrop
BABY airdrop registrations close in a week!
If you have interacted with Babylon chain before or deposited BTC into Babylon liquid staking, check your eligibility and register here.
Follow our step-by-step BABY airdrop registration tutorial here.
OM Airdrop for OMies NFT Holders
According to J.P. Mullin, some funds clawed back from the sybil attack will be allocated to OMies.
Stake your OMies via DAODAO and vote on governance proposals to qualify for the OM airdrop. More details here.
Cult Airdrop for Celestine Sloth NFT Holders
Celestine Sloth NFT holders are eligible for the Cult airdrop from Architects NFT collection. Check it out here.
Architects will be the second NFT collection launching on Osmosis.
Content Partners
dYdX: Goals & Roadmap
Short-Term Goal: Make dYdX the best place to trade perps in DeFi with:
Instant deposits & withdrawals.
New mobile interface optimized for retail traders.
Core exchange improvements based on trader feedback.
Long-Term Roadmap:
Spot trading powered by IBC Eureka.
Multi-asset collateral for perps trading.
Trade Anything: RWAs, prediction markets & more on dYdX.
More details here.
Aleph Zero
Mainnet 14.2 Uqbar & testnet 15.0 Menard are live! Highlight from this Mainnet upgrade:
Trusted community validators now finalize blocks instead of Aleph Zero’s validators.
Nine out of ten Foundation nodes have been turned off, reducing Foundation involvement and increasing decentralization.
Tubbly is now a top #Move2Earn project on DappRadar, running on Aleph Zero blockchain.
Good Reads, Minor News & Podcasts
Minor News:
Axelar just raised 30M. Read the announcement here.
Lazy Chain will launch on Initia. Read the announcement here.
Onchain McDonald’s stock futures are live on Injective. Check it out here.
Good Read:
Bankless is bullish on Celestia. Read their analysis here.
What’s Next for Namada After Phase 5? Read their article here.
Podcast:
Noble's future plan with Noble Founder - Jelena. Listen to the podcast here.
ShadeX: The world’s first Encrypted Money Market interview with Shade Protocol Founder - Carter. Listen to the podcast here.