Fireblocks, a number one digital asset custody platform, has introduced its integration with the Cosmos (ATOM) ecosystem, leveraging the decentralized alternate (DEX) and DeFi hub, Osmosis. This transfer is ready to considerably improve the DeFi functionalities accessible to Fireblocks customers, in response to fireblocks.com.

About Osmosis

Osmosis is a distinguished cross-chain DEX and DeFi hub throughout the Cosmos ecosystem. To this point, it has dealt with over $33 billion in buying and selling quantity and linked greater than 90 blockchains to its app chain. This integration facilitates a variety of DeFi functions that mix native options with third-party integrations, providing a complete consumer expertise that always surpasses centralized exchanges.

Main in Inter-Blockchain Communication (IBC) quantity, Osmosis has processed over $1 billion in transactions within the final 30 days. Upcoming developments for 2024 embody the introduction of Alloyed Property, Sensible Accounts, BTC Staking, and Mesh Safety, aiming to additional solidify its place within the DeFi panorama.

What Fireblocks Customers Can Do with Osmosis

Fireblocks customers can now securely interact with Osmosis by means of the next options:

• Custody OSMO tokens of their Fireblocks Vault.
• Switch OSMO securely on the Fireblocks Community.
• Connect with dApps on Osmosis by way of WalletConnect.
• Stake OSMO by means of staking companions like Figment and Kiln.

Osmosis: At a Look

• Osmosis is constantly ranked #1 in IBC quantity, facilitating over $1 billion in IBC transactions over the past 30 days (supply).
• The DEX has facilitated over $33 billion in complete buying and selling quantity so far (supply).
• Osmosis has seen over $1 billion in buying and selling quantity for 5 consecutive months (supply).
• The protocol has generated over $7 million in income since January 2024 (supply).
• The market cap of Osmosis stablecoins has elevated by almost 400% year-over-year (supply).
• Grayscale’s GDIF Fund contains 24% OSMO tokens (supply).

The combination between Fireblocks and Cosmos by means of Osmosis marks a major development within the DeFi house, offering customers with safer and environment friendly methods to interact with decentralized finance.

Picture supply: Shutterstock

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