Original Title: "Hottest project on Cosmos?"

Original Author: Jake Pahor

Translated by: Luccy, BlockBeats

Editor's Note:

Recently, there have been frequent developments in the Cosmos ecosystem. Today, the official governance forum of Cosmos Hub community initiated a proposal for "deploying permissioned smart contracts" using the smart contract platform CosmWasm for governance. In addition, the prices of TIA and INJ have both risen. At the time of writing, TIA has risen to a short-term high of $11.5, with a 24-hour increase of 14.9%, reaching a historical high. INJ has also risen to a short-term high of $25, with a 24-hour increase of 20.02%.

Last month, crypto researcher Jake Pahor conducted research on the Cosmos ecosystem L1 platform Kujira and listed Kujira's bullish catalysts. BlockBeats has translated the original article as follows:

The Cosmos ecosystem is thriving, and Kujira is leading the way.

TVL has skyrocketed by 1,200% this year and shows no signs of slowing down.

This is my research report on KUJI in November 2023.

Overview

Kujira is a decentralized Layer1 ecosystem that focuses on building sustainable financial technology solutions and tools. Its DeFi product suite is constantly expanding, including:

Liquidity Engine

DEXThe content you provided is:

货币市场

Money market

Clearing

Usage Case

Kujira has created a dApp and infrastructure ecosystem that brings institutional-grade tools to everyone. Here are their unique features:

Using Cosmos SDK to build.Fast block time (2.2s)Specific Application Chains

Avoid network congestion and block space issues.

Despite being cancelled after the Luna Classic crash in 2022, the team demonstrated remarkable adaptability. They quickly pivoted and built a fully semi-permissioned blockchain on Cosmos in less than 6 weeks.

This project now has a thriving dapp and tool ecosystem.

采用

translates to

Adopting

in English.

Kujira TVL saw strong growth in 2023, currently slightly above $42 million.

Just last month, TVL grew by 50%. Here are the detailed information for each product:

Ghost: $18.7 million

USK: $12.2 million

FIN: $5.6 million

Bow: $5.3 million

Orca: $212,000

Income

The main source of revenue for this protocol comes from its dApp. Users pay for network and dApp fees using KUJI tokens, and all fees and rewards are subsequently distributed to KUJI stakers.

In the past 90 days, the protocol has generated $100,000 in revenue.

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