Cosmos introduces Stride Swap, a new IBC-Powered DEX for easy multichain trading

Cosmos announced Stride Swap, a decentralized exchange built by Stride and designed to run on the Cosmos Hub as an IBC-native trading venue. The announcement frames Stride Swap as part of the IBC Eureka upgrade, which is intended to connect Cosmos more smoothly with EVM and other chains, so users can move and swap assets across networks with less friction. The key context is that Stride is already known in the Cosmos ecosystem as a liquid staking protocol, and the Interchain Foundation has described Stride Swap as a liquidity engine for IBC’s expansion. According to the announcement, the DEX is meant to support multichain swaps, permissionless liquidity provision, and custom trading features without the usual deposit/withdraw workflow, positioning Cosmos Hub as a more centralized-exchange-like DeFi hub while remaining decentralized. Why it matters is that Cosmos has long emphasized interoperability, and Stride Swap is presented as a concrete application of that thesis: using IBC Eureka to make Cosmos Hub the center of multichain liquidity rather than just a transfer layer. The launch also signals growing strategic investment from the Interchain Foundation into ecosystem-native DeFi infrastructure, which could strengthen ATOM’s role in the broader Cosmos economy and deepen the hub’s utility for assets such as ETH, SOL, USDT, ATOM, and USDC.

✨ AI-generated background, compiled from web sources — not editorial content.

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Explore the topic

• USDC
• DEX
• DeFi
• Multichain