Several projects within the Cosmos ecosystem, including Comdex, Kujira, Evmos, Picasso/Compostable, Quasar/Tower, and Stride, have ceased operations this year. These projects spanned various sectors such as decentralized exchanges (DEX), decentralized finance (DeFi), non-fungible tokens (NFTs), lending, and liquid staking tokens (LSTs). The primary reasons for their closure include a lack of growth and revenue generation capabilities, as well as the loss of development teams.
Multiple Cosmos Projects Shut Down Amid Growth Challenges
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