Osmosis Report by Jesse

Hope everyone is having a fantastic week as some green tails start to show up again in the markets. Taking the lead by a lot this week, we have Axie Infinity AXS token gaining a massive 200%. As reports show, it’s revenue decimation against all other NFT protocols on the market with on-chain transactions 40% greater than second in line PancakeSwap. With Axie Infinity generating more revenue than Aave, Compound, Uniswap, or any other DeFi protocol over the past 30 days. Looking ahead this week we’ll be reviewing a brand-new Cosmos AMM previously outlined in our weekly Airdrop section called Osmosis.

Introduction

Osmosis is a decentralized peer-to-peer blockchain that anyone can use to create liquidity and trade Inter Blockchain Communication (IBC) enabled tokens. This advanced AMM protocol built using the Cosmos SDK will allow developers to design, build, and deploy their own customized AMMs. Heterogeneity and sovereignty are two core tenets of the Cosmos ecosystem, and Osmosis takes these two values and extends them into core characteristics of this AMM protocol. Rather than aim for a one-size-fits-all homogeneous approach for AMMs and their liquidity pools, Osmosis is designed so that the most efficient solution is reachable through the process of experimentation and rapid iteration by leveraging the wisdom of the crowd. It achieves this by offering deep customizability to AMM designers, and a governance mechanism by which each AMM pool’s liquidity providers can govern and direct their own pools. It will have IBC built-in from day one, allowing it to connect to the entire ecosystem of Cosmos chains and over $10 Billion of native assets. After integrating native Cosmos assets, Osmosis will integrate with non-IBC enabled chains, including Ethereum-based ERC20s (using the Althea