Wu said that Anoma co-founder Christopher Goes (@cwgoes) stated that the Cosmos ecosystem is almost 'dead' at present: many projects have shut down or shifted to maintenance mode (e.g., Penumbra, Osmosis), and some projects are leaving Cosmos (e.g., Noble). The ICF has shifted its funding focus to capturing the value of ATOM itself, while user and market interest has dropped to historic lows. He mentioned that this environment is putting greater pressure on projects like Namada in terms of high-cost self-developed tech stacks, validator sustainability, and insufficient user demand. If the goal is to serve privacy for Ethereum or Solana assets, the current Cosmos tech path is no longer optimal. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54892