On July 16, Cosmos announced a strategic update regarding its development roadmap on the X platform. The team revealed a temporary suspension of the planned launch of an EVM platform on the Cosmos Hub, opting to reevaluate the project’s direction. Despite this pause, Cosmos remains committed to enhancing its EVM Layer 1 stack, aiming to empower developers to deploy their own EVM-compatible chains within the ecosystem. The organization emphasized the distinctive and valuable role the EVM initiative holds for the Hub’s integration within the broader Cosmos network. Additionally, Cosmos highlighted that future upgrades to virtual machine technologies, including the Ethereum Virtual Machine, could introduce new functionalities and onboarding opportunities. The team continues to monitor institutional demands and Layer 1 developer requirements closely, indicating a flexible approach to revisiting the EVM strategy as market and technological conditions evolve.