Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin

Cointelegraph

Published Aug 28, 2021 06:37PM ET

Updated Aug 29, 2021 08:40PM ET

Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network's high transaction fees and delayed confirmations.

One of the biggest beneficiaries of the quest to find a more welcoming smart contract environment has been Cosmos (ATOM), a project focused on interoperability that has set out to become the “internet of blockchains” thanks to its Inter-Blockchain Communication (IBC) protocol.

ATOM/USDT 4-hour chart. Source: TradingView

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