After being burnt on the Terra collapse, Delphi Digital’s research and development arm has opted to take a punt on the future ecosystem growth and interoperability of a less popular blockchain.
Describing it as “an ecosystem of interoperable blockchains,” Delphi Labs decided Cosmos was the best ecosystem to focus its R&D on. It pointed to Cosmos’ ability to benefit from an increasing number of app chains and cross-chain interoperability as major positives., technical maturity, and code portability as key factors in its decision to back Cosmos, despite the fact that the ecosystem is somewhat lacking compared to competitors such as Ethereum.
Delphi Digital suggested that despite Ethereum hosting the majority of DeFi apps, the speed and cost of using the Ethereum base layer is the main drawback of the blockchain, resulting in a poor user experience.
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