🚀 Cosmos has launched Eureka, a new interoperability layer connecting its inter-blockchain communication (IBC) protocol with Ethereum. This move transforms IBC from an ecosystem standard to a universal protocol, paving the way for multichain apps.
- Eureka allows Cosmos-based apps to reach more users by integrating with Ethereum.
- Unlike bridges, Eureka promises native interoperability, reducing user and liquidity fragmentation.
- Early adopters include Bitcoin staking protocol Babylon and DeFi protocol Elys, with more integrations on the horizon.
With Eureka, Cosmos is truly making blockchain connections a cosmic affair!