Cosmos-based altcoin surges more than 58% in one week amid fresh upgrades and Oracle integration

A Cosmos (ATOM)-based altcoin flying under the radar is hot on the heels of a new upgrade and integration.

Evmos (EVMOS) is trading at $0.444 at the time of writing, up over 58% from its weekly low of $0.281.

Evmos aims to bring Ethereum-based applications and assets to the interoperable networks of the Cosmos ecosystem.

Earlier this week Evmos updated to v.10.0.

explains the project

“The building blocks for Interchain dApp development are in place (more on the way). This tooling enables the development of user-friendly dApps. The sky is the limit, not only for our wonderful developer community, but for other ecosystems joining the Interchain.

Starting with one of the most useful features, the automatic ERC<>IBC [inter-blockchain communication] Asset conversion is now live! Users no longer need to convert their Cosmos assets to their respective EVM [Ethereum virtual machine] types of assets and vice versa. This will happen for the users under the hood!

This can be applied on the user side to bridge assets to Evmos, and also serves as a useful tool for developers to abstract the complexity of incorporating liquidity from EVM and Cosmos chains into their dApps (e.g. a Click to bridge and liquidity pool).”

Evmos also recently integrated Adrastia’s Oracle solution to enable a price data feed.

Despite this week’s gains, EVMOS remains more than 93% below its all-time high of $6.84, set in April 2022.

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