Cosmos recorded revenue growth in Q3.
ATOM’s open interest continues to grow despite price consolidation.
Proof-of-Stake (PoS) sovereign blockchain Cosmos Hub [ATOM] witnessed a slight uptick in quarterly revenue in Q3 despite a decline in key growth metrics, Messari found in a new report.
In its “State of Cosmos Hub Q3 2023” report, the on-chain data provider found that Cosmos’ revenue between July and September totaled $145,343. This represented a 2.4% uptick from the $142,000 recorded in revenue during the year’s second quarter.
The revenue growth occurred in spite of the fall experienced in Cosmos’ network activity during the quarter reviewed.
Messari found that Cosmos recorded an average daily count of 16,000 active addresses in Q3. This was a double-digit decline from the 20,000 the network saw in daily average active addresses in Q2.
As the active address count fell, the chain’s transaction count also plummeted. During the quarter Messari reviewed, it fou
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