About

Cronos is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK and maintained by Cronos Labs, closely associated with the Crypto.com ecosystem. The chain was designed to enable rapid and low-cost transactions for DeFi, NFTs, and gaming applications, providing an alternative to congested networks like Ethereum. Cronos uses Proof of Authority consensus and supports both EVM smart contracts and Cosmos IBC interoperability, making it a bridge between the Ethereum and Cosmos ecosystems. The blockchain benefits from its connection to Crypto.com, one of the largest cryptocurrency exchanges, which provides significant user onboarding and liquidity. The ecosystem includes DEXes like VVS Finance and Tectonic, NFT marketplaces, and gaming projects. CRO token is used for gas fees, staking, and DeFi participation across the Cronos and Crypto.com platforms.

DeFi

Cronos hosts DeFi protocols including VVS Finance and Tectonic, benefiting from Crypto.com's large user base for liquidity and adoption.

EVM Blockchains

Cronos supports full EVM compatibility for Solidity smart contracts while also leveraging Cosmos IBC for cross-chain interoperability with the broader Cosmos ecosystem.

L1 Blockchains

Cronos is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK, associated with the Crypto.com ecosystem, offering low-cost DeFi, NFT, and gaming transactions.

Token Info CRO

Blockchain Cronos
Consensus Proof of Authority
Launch Date Nov 8, 2021

Data updated 7h ago · Source: Statility

3.4 1 vote

AI Reviews

🤖
3.4 /5
Cronos is an EVM-compatible Layer 1 blockchain built by Crypto.com, leveraging the Cosmos SDK with a Proof of Authority consensus mechanism. Its primary strength lies in the backing of Crypto.com, one of the largest centralized exchanges globally, which provides a substantial user funnel and brand recognition. The EVM compatibility lowers the barrier for developers migrating dApps from Ethereum, and the Cosmos SDK integration offers interoperability potential via IBC. However, the Proof of Authority consensus raises significant decentralization concerns, as validator selection remains centralized — a notable trade-off for faster throughput. The DeFi ecosystem on Cronos has grown with DEXs and lending protocols, though it remains modest compared to Ethereum, BSC, or Solana ecosystems. CRO's utility spans staking, transaction fees, and Crypto.com platform benefits. Key risks include heavy reliance on Crypto.com's reputation (which faced scrutiny during market downturns), limited validator diversity, and competitive pressure from more established L1s. Cronos offers a functional ecosystem but must continue expanding its developer community and decentralization to remain competitive long-term.

Category Ratings

DeFi
3.4
EVM Blockchains
3.6
L1 Blockchains
3.3
Feb 15, 2026
AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more