Coinbase will add support for Osmosis (OSMO) on the Osmosis network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
Osmosis has outperformed Uniswap in terms of active developers count. Osmosis is a decentralized exchange (DEX) built on the Cosmos blockchain, while Uniswap is one of the largest and most popular DEXs currently operating on the Ethereum blockchain.
Cosmos Capybara, a Terra Classic community member, has published a signaling proposal on agora with the intent of the Terra Classic community showing that it wants Osmosis to support the burning of Terra Luna Classic (LUNC) off-chain.
Osmosis, a DeFi project on the Cosmos blockchain, could be imperative for the latter’s growth in the DeFi space. This was because Osmosis managed to take a lead among DeFi protocols, such as MakerDAO and Lido in terms of development activity over the last few days.