| Unlock | 10/10 |
| Tokenomics | 4/10 |
| Insider | 7/10 |
| Onchain | 1/10 |
| Dev Activity | 3/10 |
| Revenue | 1/10 |
| Institutional | 4/10 |
| Etf | 4/10 |
| Market Structure | 8/10 |
| Security | 7/10 |
Cosmos Hub continues to grapple with ecosystem fragmentation as some high-profile projects have relocated to other ecosystems -- Nillion's migration to Ethereum in February 2026 being a notable example -- raising questions about the Hub's ability to retain flagship applications. ATOM's staking inflation, running roughly 13-15%, is viewed by parts of the community as unsustainable and a drag on long-term holder returns. IBC remains a core differentiator, having facilitated more than $35B in cumulative cross-chain value transferred, underscoring Cosmos's continued relevance as interoperability infrastructure even as individual app-chains migrate elsewhere. Governance debates around reducing inflation and strengthening Hub-level value accrual remain unresolved. The net effect is a token caught between strong underlying interoperability tech and weak direct value capture for ATOM holders.