Their reasons "we’re excited about the unique combination of decentralization, scalability, and customizability that Cosmos offers"
Even though the bear market hit us hard we can see more and more projects slowly moving to the internet of blockchains $ATOM
What we've seen so far is this bear market exposed weaknesses. The bad protocols failed, the good ones are still functioining and adoption keeps on happening.
There's no doubt interoperability is the next big narrative and $ATOM is the leading network with the best tech. Last year there were just few chains built on top of Cosmos. Today we have over 48 connected chains to Cosmos Hub. I believe this trend will keep accelerating, snowball effect is comming.