ATOM Surges More Than 4% With Broader Market as Cosmos Ecosystem Attracts Institutions | Breaking Crypto News & Blockchain Updates

ATOM Surges More Than 4% With Broader Market as Cosmos Ecosystem Attracts Institutions — The Cosmos ecosystem is gaining significant institutional attention amid broader market volatility, with ATOM showing remarkable resilience after reco...

The Cosmos ecosystem is gaining significant institutional attention amid broader market volatility, with ATOM showing remarkable resilience after recovering from a drop to $4.23 on April 30th to stabilize above $4.38.

The price of ATOM rose more than 4% in the last 24 hours, while the broader market gaugeCoinDesk 20 Indexclimbed nearly the same amount.

This recovery comes as Canary Capital files for the first spot Sei ETF built on Cosmos SDK, featuring staking capabilities that could set a precedent for similar products across the ecosystem.

Meanwhile, Figure's Provenance blockchain, also built with Cosmos SDK, has emerged as the leader in tokenized private credit with $9.9 billion in active loans, validating BlackRock CEO Larry Fink's vision that "every asset can be tokenized."

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence toour standards. For more information, seeCoinDesk’s full AI Policy.

References:

Joe Lautzenhisercontributed reporting.

“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human.Read more about CoinDesk's AI Policy.

About

Contact