Cosmos must prioritize rebuilding confidence, establish a clear vision, start from the user's perspective, and empower developers.

Written by: Arjun | LI.FI, Bankless

Translated by: Felix, PANews

Cosmos is at a crossroads in its development, and this pioneering blockchain is losing community support.

The reasons are as follows:

Old governance issues

The Interchain Foundation (ICF), responsible for overseeing the Cosmos ecosystem, has seen a decrease in community trust due to allegations of mismanagement, conflicts of interest, and lack of transparency.

These are not just rumors. Recent statements of distrust towards the ICF, as well as calls for a comprehensive audit and leadership reform, highlight the severity of these issues.

This lack of transparency may indicate deeper issues within the ecosystem. Operational and organizational rigidity has led to low morale among developers and users, with concerns about endless delays and bureaucratic obstacles in daily development.

Furthermore, there is an increasing disconnect between ecosystem builders and users. Builders are obsessed with pushing technological boundaries, which is a noble pursuit in theory, but many feel they have, to some extent, forgotten about the people actually using these things (the users).

The core issue is the intangibility of Cosmos, making it difficult to resonate with users. This lack of clarity has led to increased demands from users for the ecosystem.

Early advantage turns into a disadvantage

In shaping the future of cryptocurrency and blockchain development, Cosmos has always been at the forefront. It pioneered the "application chain" vision, a concept that is now at the core of modular blockchain theory and blockchain sovereignty.

However, Cosmos' leading edge no longer exists. The rise of Rollups on Ethereum and Celestia has provided developers with choices similar to Cosmos application chains. Importantly, these solutions also have the additional advantage of mature communities and deeper liquidity pools.

Fundamentally, Cosmos has fallen behind in the competition it once led.

Developers are pragmatic. They want the flexibility that Cosmos offers, but they also desire the thriving network effects provided by Ethereum and Celestia.

Ultimately, the success of Cosmos depends on its ability to create tangible value for users and nurture a thriving application ecosystem. If Cosmos fails to effectively address the current challenges, the community may view this period as a missed opportunity.

With its early advantage and visionary roadmap, Cosmos has the potential to dominate the multi-chain space. However, without necessary execution, this potential cannot be realized.

Crossroads

"Break free from the shackles of history and embrace the future."

The Cosmos ecosystem is undoubtedly at a crossroads. Internal conflicts, token declines, and low community morale paint a bleak picture. People unconsciously view Cosmos as a failed experiment.

But let's not repeat history. The core technology and vision of Cosmos are groundbreaking. They have inspired countless projects and laid the foundation for the industry's future development.

For Cosmos, the current situation is not a dead end, but a crossroads. These are not insurmountable challenges. If Cosmos can address these issues, it can emerge from this crisis stronger than ever before.

The path forward needs adjustments. Researching ecosystems such as Ethereum, Solana, and Celestia can provide valuable references. These ecosystems prove the following points are crucial:

• Governance and trust: Transparency and accountability are essential. The ICF must prioritize rebuilding confidence. Trust needs to be rebuilt step by step.

• Focus on users: Everything starts with the user. Without a seamless user experience, Cosmos is a beautiful "ghost town." Teams should prioritize building products that directly benefit users.

• Empower developers: Provide tools and freedom for developers to create killer applications. Great technology deserves killer applications. Actively introduce the Cosmos stack to developers and attract a wider range of projects.

• Clear vision: A compelling narrative is crucial. Cosmos must clarify its unique value proposition: What problem are you solving? Why should people care?

Cosmos still has the opportunity to catch up, but now is the time to take action.

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