BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Wormhole Introduces Gateway for Cosmos

by BlockNews Team
September 28, 2023
in Business, Crypto, DeFi
A A
Wormhole Introduces Gateway for Cosmos
1
SHARES
Share on TwitterShare on Reddit
  • Wormhole Gateway seeks to increase liquidity and fungibility between assets bridged within the Cosmos ecosystem. 
  • Built using the Cosmos SDK, the Gateway transfer protocol will connect 20+ blockchains to Cosmos.

The Wormhole interoperability protocol has announced the launch of Wormhole Gateway, an application-specific blockchain powered by the Cosmos SDK. This innovative platform aims to broaden access and liquidity within the Cosmos ecosystem while enhancing security and sovereignty for Wormhole. 

Bridging the Gap Between Cosmos and Other Ecosystems

Gateway’s primary objective is to seamlessly bridge assets to any Cosmos zone, eliminating additional bridging fees. The platform allows Cosmos developers to onboard users and liquidity from other ecosystems like Ethereum and Solana effortlessly. 

Gateway operates on the Cosmos SDK, offering numerous advantages. It enhances transparency by acting as a sovereign verification layer for Wormhole messages, providing a verifiably transparent public ledger. 

Using IBC light clients (mechanisms that track consensus states of Cosmos zones) ensures the protection of assets during bridging processes. Gateway’s implementation of the ICS-20 standard for IBC-native token bridging ensures greater fungibility of assets, aligning with Cosmos protocols to deliver a seamless user experience.

Osmosis and Gateway: An Exciting Partnership for the Cosmos Ecosystem

Osmosis, the leading Cosmos DEX, will be among the first to integrate with Wormhole Gateway. This partnership is expected to bring new liquidity and users to the Cosmos ecosystem, cementing Osmosis’ position as the liquidity hub and supercharging all IBC-enabled chains. 

Sunny Aggarwal, Co-Founder of Osmosis Labs, expressed enthusiasm about the collaboration, highlighting the benefits of Gateway’s secure cross-chain liquidity and message routing capabilities: 

“We’re thrilled to welcome Wormhole to the Cosmos, and to celebrate the launch of Gateway together with our fellow Cosmonauts at Osmocon in Paris. Wormhole’s Gateway creates a secure and much-needed bridge between Cosmos and 20+ other crypto networks, unlocking seamless cross-chain liquidity and message routing.”

Conclusion

Although exact details about using Gateway are yet to be released, it is anticipated that Gateway will connect with several major Cosmos chains at launch. The plan includes expanding its reach to connect with as much of the interchain as possible, promoting seamless value flow across different blockchains, and enhancing the overall Cosmos developer experience.

Tags: CosmosWormhole
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

HBAR Price Rebounds, Hits Highest Point Since March
Crypto

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)
Crypto

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?
Crypto

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip
Crypto

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch
Cardano

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Whale Alert! $153 Million in Dogecoin Moves as DOGE Explodes 14%
Crypto

Whale Alert! $153 Million in Dogecoin Moves as DOGE Explodes 14%

May 10, 2025
Load More

Related News

HBAR Price Rebounds, Hits Highest Point Since March

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.