![Cosmos Hub, Polkadot [DOT], and its impact on ATOM: Analyzing it all](https://i.headtopics.com/images/2023/4/30/cryptoamb/cosmos-hub-polkadot-dot-and-its-impact-on-atom-ana-cosmos-hub-polkadot-dot-and-its-impact-on-atom-ana-1652486679507116034.webp)
Cosmos Hub's DEX facilitates the incorporation of its technology on Polkadot. Activity continues to decline on the network.
However, despite the increasing interest dApps on the Cosmos Hub witnessed, the overall activity on the network continued to decline. According to Artemis’ data, the number of active addresses on the Cosmos network fell from 29,000 to 19,680 in the last few days. Subsequently, the number of transactions on the network also fell.
The decline in the number of transactions being made on the network impacted the Cosmos Hub network in terms of revenue as well. Token terminal’s data indicated that the overall revenue generated by Cosmos Hub fell by 13.1% in the last week. However, the Cosmos Hub could soon regain interest from buyers as new developments on the protocol increasingly get made. Over the last month, the number of code commits being made to Cosmos Hub’s GitHub has increased tremendously.Regarding the native token of Cosmos Hub, ATOM, its prices have experienced significant fluctuations in the past week. Specifically, since 17 April, the price of ATOM has declined by 9.66%. As of now, ATOM is being traded at $11.63.
Additionally, the increasing Relative Strength Index of ATOM suggests that despite a strong momentum, ATOM may be in an overbought position at the current time.
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