Ekosistem Cosmos di ambang kepunahan? Dari penutupan proyek hingga token menjadi nol, gambaran nyata dari kemunduran ekosistem

Anoma co-founder Christopher Goes’ recent remarks have attracted attention in the crypto community. He bluntly stated that the Cosmos ecosystem has nearly died, citing the status of multiple projects as evidence: some have completely shut down, some have transitioned to maintenance mode, and others are leaving. This is not just one person’s opinion—from token performance to market expectations, they all confirm that this ecosystem is experiencing severe difficulties.

The Current State of Cosmos Ecosystem: From Prosperity to Decline

According to the latest information, the Cosmos ecosystem has indeed experienced significant project attrition. Penumbra has ceased operations, Osmosis remains operational but has transitioned to maintenance mode and redirected major resources elsewhere, while Noble is leaving the Cosmos ecosystem. These are not small projects—they were all important participants in the Cosmos ecosystem.

Related reports show that multiple analysts have predicted which airdrop projects may be eliminated in this bear market, with Anoma prominently listed. More direct data shows that users tracking their airdrop earnings in 2025, including Anoma and other projects, all show $0 returns.

Token Performance Reflects Real Difficulties

Market reactions are often more direct than rhetoric. According to trading data from January 10, Anoma’s XAN token fell 1.29% in the past 60 minutes. Although this decline doesn’t look particularly large, in the broader context, it reflects investor concerns about the entire ecosystem’s prospects.

Why Has This Situation Emerged

The answer to this question may be complex, but from surface phenomena, there are at least several factors:

• Declining ecosystem competitiveness: On the Layer1 track, Cosmos was once an important participant, but in recent years, ecosystems like Ethereum and Solana have shown increasingly obvious advantages
• Project financing difficulties: Financing is already difficult in bear markets; lack of strong support within the ecosystem may exacerbate this situation
• User and developer outflow: The departure of projects itself accelerates ecosystem decline, creating a negative feedback loop
• Shifting market expectations: From related reports, we can see that the market has begun predicting the failure of these projects

What This Means

From an investor’s perspective, this is a clear signal: ecosystem decline doesn’t happen suddenly, but gradually. Project closures, transitions to maintenance mode, and migrations of quality projects are all observable leading indicators. Token price declines and zero airdrop returns are the ultimate manifestations.

In my view, the Cosmos ecosystem’s difficulties remind us that even ecosystems once seemingly promising can rapidly decline due to multiple converging factors. For investors, continuously monitoring ecosystem project developments, developer activity levels, financing situations and other indicators may provide more reference value than simply watching token prices.

Summary

The Cosmos ecosystem is indeed experiencing severe difficulties, which is reflected not only in co-founder statements but also in actual project actions, token market performance, and real investor returns. From Penumbra’s closure to Osmosis’ maintenance transition to Noble’s departure, and then to XAN token declines and airdrop zeroes, they all tell the same story: a once-promising ecosystem is losing its appeal. This lesson for the broader crypto market is that ecosystem health requires continuous project support and innovation drive; once this cycle is broken, decline tends to accelerate.