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27 February 2021

Solana (SOL), Cosmos (ATOM) buck the trend to hit new highs after protocol upgrades

Solana (SOL), Cosmos (ATOM) buck the trend to hit new highs after protocol upgrades


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Solana (SOL), Cosmos (ATOM) buck the trend to hit new highs after protocol upgrades.

Two exceptions to the current downturn are Solana (SOL) and Cosmos (ATOM), which have both managed to experience minor price breakouts following recent bullish developments for each project.

Evidence of its growing influence can be found in a recent proposal from SushiSwap codenamed ‘Bonsai,’ which seeks to integrate the SUSHI ecosystem with Solana as a way to mitigate high fees on the Ethereum network.

The IBC will allow projects like Kava (KAVA) and Band Protocol (BAND), which were built with the Cosmos Software Development Kit (SDK), to easily interoperate and bridge tokens across other blockchains on the Cosmos network.

The IBC allows projects from across the Cosmos ecosystem to be utilized in the rapidly evolving DeFi sector, bringing a new level of functionality to projects like Kava and Band protocol

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