Cosmos Hub responds to project departures as ATOM slides nearly 90% to $2.3

As of January 23 2026, the Cosmos Hub is contending with a wave of project and developer departures and a deeply underperforming ATOM token, which is down almost 90% from its all‑time high and trading near $2.3. Community figure Tony argues that exits by projects such as Noble can ultimately benefit the Hub, framing them as a chance to refocus on institutional use cases. Teams linked to Cosmos are now exploring radical changes to ATOM tokenomics, value accrual, and inflation while emphasizing interoperability, appchain flexibility, and institutional‑grade infrastructure.