Wushuо learned that Anoma co-founder Christopher Goes (cwgoes) stated that the Cosmos ecosystem has currently "almost died": multiple projects have shut down or entered maintenance mode (such as Penumbra and Osmosis), and some projects are leaving Cosmos (such as Noble); the ICF's funding focus has shifted toward ATOM's own value capture, with user and market interest having dropped to historic lows. He stated that this environment puts projects like Namada under greater pressure in terms of high-cost independent technology stack development, validator sustainability, and insufficient user demand. If serving privacy for Ethereum or Solana assets, the current Cosmos technology roadmap is no longer optimal.