The Cosmos (ATOM) ecosystem boasts thriving projects like dYdX Chain, THORChain, and Osmosis, each making significant contributions to decentralised finance (DeFi).

dYdX Chain, a leading decentralised exchange (DEX) on Cosmos, has achieved remarkable success with over $33 billion in trading volume and a TVL of $50 million in USDC.

Meanwhile, THORChain stands out for its cross-chain liquidity protocol, enabling direct swaps between different cryptocurrencies and reaching a daily swap volume of $382 million.

Osmosis serves as the primary liquidity layer for Cosmos, reporting $7.7 billion in cumulative trading volume and introducing innovative features like superfluid staking.

Despite their successes, these projects face challenges such as maintaining growth amidst competition and addressing security vulnerabilities, underscoring the dynamic nature of DeFi on Cosmos.