According to information published on the evening of July 23, Moonbeam will officially integrate with Osmosis-based Cosmos. From now on, users can easily swap tokens between Polkadot and Cosmos. This is considered a big step forward between these two ecosystems.
1/ Moonbeam @osmosiszone cross-chain integration is now ️ LIVE ⚡️ via @axelarcore, enabling one-click swaps between the two chains.— Moonbeam Network #HarvestMoonbeam (@MoonbeamNetwork) July 23, 2022
This brings together @Polkadot & @Cosmos — connecting two of the biggest interoperable systems in the space
The integration is done through the Axelar Network infrastructure. Axelar is both a bridge and a cross-chain communication platform between smart contract protocols. The project raised $25 million from a Series A round last year.
According to Moonbeam, this is an important milestone in expanding cross-chain composability between the two ecosystems. Moonbeam also claims this partnership reinforces the fact that Polkadot and Cosmos can exist as a complementary ecosystem – despite often seeing each other as rivals on the way to conquering the same goal.