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The Interchain Foundation is funding the Tharsis Labs team to release an open-source evmOS, the Ethereum-compatible layer 1 solution targeted at boosting interoperability between Ethereum and Cosmos. The funding will see Tharsis Labs open-source evmOS, bringing Cosmos’ ( ATOM ) functionality to users on the Ethereum ( ETH ) network. Interchain Foundation, the entity helping to advance the Cosmos ecosystem and its Inter-Blockchain Communication protocol, announced the development on March 18. With evmOS, developers can build EVM-powered decentralized applications and chains using the Cosmos software development kit. Tharsis Labs will open-source the Ethereum virtual machine-compatible software under the Apache 2.0 license, Interchain Foundation said. In this case, ICF will fork evmOS’ technology and rename it Cosmos EVM, which will allow the Cosmos ecosystem’s steward to continue the project’s development. Cosmos EVM will be part of the Interchain Stack and be built under the Interchain Labs team. “We feel this is the right thing for the community for the longevity of the code we’ve developed, and are excited about the ICF’s support of this. I look forward to contributing to this next phase in a strategic advisory role,” said Federico Kunze Küllmer, co-founder of evmOS and representative of Tharsis Labs. According to the ICF, an open-source provenance will see further integration of the forked tech stack, bringing permissionless innovation to the space. The integration of evmOS as the main EVM solution for Cosmos targets benefits such as cross-chain communication for the scaling of DeFi applications. Despite the funding and forking of the evmOS, the ICF says it remains committed to the projec’s roadmap. As well as Ethereum compatibility, the Interchain Foundation aims to build evmOS into the solution all proof-of-stake networks can tap into for fresh web3 adoption. “evmOS has been a critical piece in bridging the Ethereum and Cosmos ecosystems, and we are excited to support its continued evolution under the Interchain Foundation umbrella,” Josh Cincinnati, president of the ICF’s Foundation Council, said. In July last year, LayerZero Labs partnered with Initia Labs for an interoperability standard for Cosmos. The collaboration aimed to bring omnichain interoperability to Cosmos SDK and LayerZero-enabled chains.

Earlier in the day, Aptos shared a cryptic post on X, featuring the logo of Pump.Fun accompanied by the phrase ‘Aptos pilled’. Naturally, this has led to speculation of Pump.Fun potentially migrating to the Aptos blockchain, or at the very least, some kind of a collaboration between the two. While there’s no concrete evidence to confirm anything, it’s worth noting that platforms similar to Pump.Fun, such as Emojicoin, have already been developed on Aptos, indicating that the ecosystem supports such initiatives. Emojicoin enables users to create, trade, and swap emoji-tickered meme coins, adding a layer of creativity to the meme coin space. On the other hand, Pump.Fun is a popular platform that allows users to create and trade meme tokens, primarily operating on the Solana blockchain. It has already established itself as a popular choice, though it has seen better days as of late. Starting from mid-February toward today, the platform’s graduation rate (the percentage of tokens that progress from incubation to full tradeability on Solana decentralized exchanges) has fallen below a measly 1%. This points to a huge decrease in the success of newly launched memecoins on the platform. In addition, Pump.Fun’s revenue has been declining since it reached a four-month low. Today, the platform’s protocol fee revenue stood at just slightly below $800,000, which is a big decline compared to late January when it was over $15 million. This could indicate a waning interest in Solana-based meme coins or just meme coins in general. Technically speaking, there are some grounds on why Pump.Fun would utilize Aptos. For instance, multi-chain expansion is becoming more common, as projects seek to tap into different liquidity pools and communities. Furthermore, Solana is already filled with meme coin projects and on Aptos, the competition is much lower. So will this be one big nothingburger or is there some merit to the rumors of collaboration or even migration? Overall, it’s hard to say but considering Pump.Fun’s current state, it makes sense for something to happen. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Memecoins experienced explosive growth throughout the cryptocurrency sector by attracting investment interest due to their potentialgain potentials. The market welcomes four prominent projects for 2025 including PEPE , Bonk (BONK), Notcoin (NOT) and AI Companions ($AIC). Source: Coinmarketcap PEPE represents a deflationary memecoin which uses the Ethereum blockchain foundation to recreate the popular Pepe the Frog internet meme. The token skyrocketed in popularity which resulted in reaching a market capitalization of $1.6 billion before its peak. The token strives to position itself among prominent meme-based cryptocurrencies while using coinholder control and taking no fees from transactions. The development framework divides work into three sections where the first phase centered on establishing presence on social networks and cryptocurrency monitoring systems. Source: Coinmarketcap Bonk (BONK) operates as the very first memecoin specifically dedicated to dogs within Solana’s blockchain environment. The new cryptocurrency project launched in December 2022 distributed its full supply worth 50% through an airdrop directly to Solana community members. The airdrop distributed by this initiative helped increase Solana price value while boosting on-chain network activity. The main objective of the token is to improve the trading liquidity of Solana-based decentralized exchange platforms (DEXs). As BONK continues its growth it develops more than 350 different ways to integrate on-chain protocols which enhance its functionality throughout the Solana platform. Source: Coinmarketcap NOT cryptocurrency originated from a web3-themed viral game played through Telegram which presented users with web3 technology exposure. The tap-to-earn mining feature increased user engagement and led to NOT becoming a community-led transactional token which supports web3 developers through ecosystem rewards. Source: Coinmarketcap AI Companions ($AIC) combines artificial intelligence with virtual reality together with augmented reality and blockchain technology to create its unique platform. The project aims to create artificial intelligence-based virtual companions with interactive capabilities and user adaptable interfaces. Rising consumer demand for digital companions has fueled the project’s uptake. The platform enables AI-driven relations by leveraging its $AIC token to drive its mission as one-of-a-kind cryptocurrency solution in this sector. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Telegram founder Pavel Durov, detained in France since last August, was granted temporary permission to leave the country for Dubai. Agence France Presse (AFP) first reported the news on Saturday. Shortly afterward, the cryptocurrency market reacted. Toncoin ( TON ), the digital token linked to Telegram’s Telegram Open Network (TON), saw a dramatic surge in its trading volume, increasing by more than 15% following the announcement. The TON token, currently valued at $3.34, has been a key development of Telegram’s blockchain initiatives. In addition, Notcoin ( NOT ), a token for a popular tap-to-earn mini-app on the platform, also experienced a rally, rising by over 12.7% at the time of publication. Durov, a billionaire Russian exile who founded the popular messaging app Telegram in 2013, faces multiple charges linked to allegedly enabling organized crime. Authorities allowed Durov to depart for Dubai, AFP reported citing an unnamed source. The move follows a ruling by an investigating judge who accepted Durov’s request to modify the conditions of his supervision several days ago. Durov, 40, has been under investigation for several infractions, including accusations related to terrorism, drug trafficking, fraud, money laundering, and child abuse content on the Telegram platform. He was initially arrested in August following his indictment, which led to a ban on his departure from the country. Durov addressed the legal challenges in a statement posted to his official Telegram channel in September. Expressing his surprise at the charges, Durov criticized French authorities for bypassing official communication channels with Telegram’s EU representative and instead questioning him directly. He argued that holding a CEO accountable for crimes allegedly committed by others on a platform—especially one operating under pre-smartphone laws—was a “misguided approach.” In his statement, Durov also defended Telegram’s moderation practices, highlighting the platform’s daily efforts to remove harmful content and its established connections with NGOs for urgent requests. Despite the legal troubles, he reaffirmed his commitment to ensuring the safety and security of Telegram’s vast user base, which now totals nearly one billion people. As the investigation continues, Durov’s legal battles are likely to remain a topic of significant attention, especially as Telegram’s cryptocurrency initiatives continue to expand. Whether the latest legal developments will have any long-term effects on Telegram’s operations or the value of its associated tokens remains to be seen.

Decentralized finance protocol Compound is marching ahead with plans to tap into its competitor Morpho with the launch of new lending vaults on Polygon. The new vaults went live on March 13 at 11:30 a.m. Eastern Time. It comes after a governance proposal aimed at bringing Morpho ( MORPHO )-powered vaults to Polygon ( POL ). Gauntlet and Compound ( COMP ) are launching the new lending vaults with $3 million in incentives – $1.5 million each from Compound and Polygon. While this move has already been a major talking point for COMP holders and the broader DeFi community, the announcement signals a significant shift in the decentralized lending space. Essentially, Compound is transitioning from its own technology stack to Morpho’s infrastructure — a major development in the DeFi landscape. Morpho co-founder and CEO Paul Frambot described the development as a “full-circle moment.” “We’ve come full circle with Compound choosing to build on Morpho. Morpho started as an optimizer on top of Compound before evolving into a fully independent lending primitive. Now, Compound is transitioning to build on Morpho,” Frambot noted. In January, Gauntlet introduced the proposal targeting the new lending vaults on Polygon. The platform viewed the collaboration as a strategy to improve risk controls, accelerate asset listings, and offer a sustainable path forward for Compound. Notably, Compound has seen its market share decline as Aave ( AAVE ) and Morpho grow, with Aave’s v4 seen as an upgrade that would further shrink Compound’s revenue and market size. Using Morpho to generate the yield, criticized by others, is a pathway to benefiting COMP holders, per the governance proposal. Compound will leverage Morpho’s lending infrastructure, Gauntlet’s risk management framework, and Polygon PoS’s low fees and deep liquidity to reshape the on-chain lending landscape. Morpho, which raised $50 million in a funding round backed by Coinbase Ventures and a16z in 2024, currently has a total value locked of over $3 billion. The DeFi giant Aave’s TVL per DeFiLlama is over $17 billion and Compound’s is $2.3 billion .