We often use 'it hurt us' to answer that old question: Did the Cosmos ecosystem ever truly thrive? Looking back, you'll find that a bunch of outstanding projects once adopted Cosmos' underlying architecture. But now, even the core liquidity infrastructure Noble has announced its departure from the Cosmos SDK, migrating to an independent EVM chain. As the Cosmos ecosystem growth lead said, project shutdowns are an inevitable part of the industry's de-bubbling phase. For crypto users, the decline of Cosmos is just another chapter of the same de-bubbling story playing out on a different stage.