For me, when I think of the Cosmos eco-system, you could more accurately describe it as the IBC eco-system.
I think that's how it should be regarded. I believe it's a stronger connection between the blockchains of the Cosmos ecosystem than between the EVM chains, which use non-standard (and thus potentially more vulnerable) bridges to communicate with each other. But I've seen enough times people understand by Cosmos ecosystem Cosmos chain. Usually, people not familiar with Cosmos make this confusion.
With the recent announcement about dYdX moving, I saw so many people saying things like "why would they build on Cosmos, not much is happening there" thinking of ATOM.
IBC eco-system makes more sense to me. There are Cosmos SDK chains that are not connected, and potentially soon non-Cosmos chains that will be a part of it. Be interesting to see what happens when Polkadot connects to IBC.
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