Evmos hopes to lure Ethereum developers to IBC by deprecating Cosmos transactions

The IBC-built EVM chain announced Cosmos transactions would be deprecated by 2024 Q3, streamlining the software

article-image

Satheesh Sankaran/Shutterstock modified by Blockworks

share

On the Cosmos-based EVM chain Evmos, Cosmos transactions and Ethereum transactions have been operating under different standards, leading to complications as these two types of transactions struggle to decode each other effectively.

Evmos plans to relieve this technical headache by only supporting Ethereum-formatted transactions by 2024 Q3, it announced in a blog post Tuesday. Despite this strategic shift, the protocol emphasized that Evmos is not exiting the Cosmos ecosystem. Additionally, Evmos’ founder suggested that the move could help bring Ethereum developers to the IBC.

Evmos functions as an Ethereum Virtual Machine (EVM) compatible blockchain that integrates the Cosmos IBC protocol, allowing it to operate as an EVM within the Cosmos network. Evmos raised $27 million via token sale in late 2022. 

Read more: Uniting the blockchain ecosystems: Q&A with Cosmos founder Ethan Buchman

The project’s co-founder Federico Kunze Küllmer said that by only supporting Ethereum transactions, Evmos hopes to make it easier for Ethereum developers to start working in Cosmos.

“The wallets and the tools that they are already used to on Ethereum do not work easily on Cosmos,” Küllmer said. “We want to make it very easy for the developers and users that are already interacting with Ethereum wallets to interact with any Cosmos application specific blockchain.”

The Interchain Foundation, a non-profit focused on Cosmos adoption, made onboarding Ethereum developers a large part of its 2024 roadmap, Blockworks previously reported.

In the lead-up to fully embracing Ethereum-formatted transactions by Q3 2024, the protocol has committed to burning all Cosmos transaction fees during this interim period. This action will effectively remove these fees from circulation, signaling a shift towards revised token economics for the EVMOS token. Küllmer indicated that further details on the new tokenomics will be unveiled next week.

Evmos (EVMOS) was worth around $0.07 at the time of publication.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

TAPEDRIVE says it can make Solana data storage 1,400x cheaper

article-image

Immigration changes are papering over a fragile labor market

article-image

BlueYard’s head of crypto research developed FreePay to make fee-free, tap-to-pay crypto payments a reality

article-image

Buzzwords include: succinct universal proofs, zkVM, incrementally verifiable computation, distributed supercomputer and agentic AI

article-image

US dollars might technically be worth less, but it’s still good news

article-image

Apps are doing well, as is casino gaming, says Tom Schmidt of Dragonfly