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Cosmos

ATOM/USD #81 Crypto
$1.63+0.24%24h
24h Range
$1.61$1.67

ATOM to USDT Converter

1 ATOM = 1.6320 USDT · updated 06:19 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

Cosmos Markets

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Cosmos Historical Data

About Cosmos (ATOM)

Cosmos is an ecosystem of independent blockchains that can talk to each other, an idea often summed up as the "internet of blockchains". ATOM is the native token of the Cosmos Hub, the first chain launched in that ecosystem. Jae Kwon and Ethan Buchman described the project in a 2016 white paper. A fundraiser followed in 2017, supported by the Interchain Foundation, and the Hub went live in March 2019. The Cosmos price on this page tracks ATOM and comes from FMchart's composite, a blend of quotes from several large exchanges.

The Cosmos SDK and IBC

Most Cosmos chains are built with the Cosmos SDK, a toolkit for creating application-specific blockchains. They use a proof-of-stake consensus engine first called Tendermint and now maintained as CometBFT. Chains connect through the Inter-Blockchain Communication protocol (IBC), which lets them send tokens and data to one another without a central intermediary. IBC went live on the Hub in 2021. Many well-known networks use these tools, so Cosmos technology reaches far beyond ATOM itself. Developers choose the SDK because it lets them design a chain around one application instead of sharing blockspace with many others.

Staking and voting on the Hub

ATOM is staked to secure the Cosmos Hub. Holders delegate to validators, share in rewards and accept the risk of losing part of their stake, called slashing, if a validator misbehaves. ATOM is also used for governance: stakers vote on proposals that upgrade the Hub's software, change its parameters or spend its community pool. Liquid staking services issue a token that represents staked ATOM, though they add their own smart contract risk. Validators set their own commission rates, which affect delegators' rewards.

Interchain Security: from launch to removal

In 2023 the Hub introduced Interchain Security, which let other chains, called consumer chains, borrow its validator set. Few chains adopted it, and major users such as Neutron left in 2025. Hub governance then retired it in two steps. An upgrade in early 2026 blocked new consumer chains. Proposal 1052, the Gaia v28 upgrade, passed on September 1, 2026 and took effect on September 2, removing Interchain Security from the Hub's software. The episode shows how much the Hub's role has been debated.

ATOM inflation

ATOM has no fixed maximum supply. New ATOM is minted as staking rewards, and the rate is set by parameters that Hub governance can change. In 2023, holders narrowly voted to cut the maximum inflation rate from about 14% to 10%. Discussions about further tokenomics changes have continued since. Holders who do not stake see their share of the supply slowly diluted. Stakers receive most of the new ATOM, which is one reason staking is common on the Hub.

The value-capture debate

A common debate around ATOM is how much value it captures from the wider ecosystem. Many chains built with Cosmos tools have their own tokens and do not need ATOM. Ongoing inflation dilutes non-stakers, governance can change key economic rules, and the token's price has fallen sharply from past highs. Supporters argue that the Hub's role as a coordination layer for the ecosystem is still evolving.

Sources: Proposal 1052: Gaia v28.0.0 upgrade (Cosmos Hub, via Polkachu), Remove ICS from the Cosmos Hub (Cosmos Hub Forum, February 2026), Cosmos community approves capping ATOM inflation rate at 10% (The Block)

Last reviewed: Oct 8, 2026

Cosmos (ATOM) FAQ

What is Cosmos (ATOM)?

Cosmos is a network of blockchains that can talk to each other. ATOM is the native token of the Cosmos Hub, the first chain in that network. Developers use Cosmos tools to build their own blockchains that exchange tokens and data through the IBC protocol. ATOM is used for staking, governance and fees on the Hub, which launched in 2019.

How does Cosmos work?

Cosmos gives developers three main building blocks. The Cosmos SDK handles application logic, CometBFT (formerly Tendermint) provides proof-of-stake consensus, and IBC carries messages between chains. Each chain runs its own validators and rules, yet can send assets to other IBC-connected chains. The Cosmos Hub is secured by staked ATOM.

Who created Cosmos?

Jae Kwon and Ethan Buchman created Cosmos. They wrote the Cosmos white paper in 2016 and developed the Tendermint consensus engine. The Interchain Foundation, a Swiss non-profit, funded development after a 2017 fundraiser. The Cosmos Hub went live in March 2019, and many independent teams now contribute to Cosmos software.

What is the price of ATOM right now?

ATOM is trading at about $1.6293 on FMchart's composite price. Approximately $3.02M of the token traded in the last 24 hours across the exchanges in FMchart's composite. Because the composite blends several major exchanges, one platform may show a slightly different number.

What is the Cosmos market cap, and does ATOM have a max supply?

The Cosmos Hub token has a market capitalization of about $877.1M, and its market-cap rank is currently 81. About 538,370,772 ATOM are in circulation, and there is no fixed maximum supply. The figure covers ATOM only, not the separate tokens of other chains built with Cosmos technology.

What is ATOM's all-time high?

ATOM's all-time high is $43.84, set on Sep 19, 2021. The token's price has been sensitive to debates over the Cosmos Hub's role and economics, as well as to the wider crypto market. A record high is history, not a target. The Price Statistics panel also shows the all-time low.

How has ATOM performed over past months and years?

In FMchart's composite price history (since January 2020), ATOM's best month is February 2021 (+116.7%) and its worst is March 2020 (-43.4%). It ended the year higher in 3 of 6 full calendar years. The Quarterly Closing Price (USD) table shows where ATOM finished each quarter, and the Annual Price (USD) Change table sums up each year. These figures describe the past only.

What happened to Interchain Security?

Interchain Security was retired in September 2026. Introduced in 2023, it let other chains borrow the Cosmos Hub's validators. Few chains adopted it, and Neutron, one of its main users, left in March 2025. After an early-2026 upgrade blocked new consumer chains, proposal 1052 (Gaia v28) passed on September 1, 2026 and removed the feature the next day.

Is Cosmos a good investment?

FMchart does not provide investment advice. Cosmos technology is widely used, but ATOM does not automatically benefit from every chain built with it. The main risks are ongoing inflation for non-stakers, governance changes to the Hub's economics, unclear value capture and a price that has fallen sharply from past highs.

What affects the price of ATOM?

Staking yields, inflation and governance matter most for ATOM. Decisions about the Hub's role and economics, adoption of IBC and general crypto sentiment also move the price. Developments at major chains in the Cosmos ecosystem can affect ATOM too, even though those chains have their own tokens.