Juno is all the rage these days in Cosmos Ecosystem: not only because their $NETA airdrop or upcoming $RAW airdrop or continuously expanding dApps on their network or it's price surpassing $ATOM... or it is. It's absolutely an upcoming Layer 1 in the blockchain world.

Juno is Layer 1 blockchain built on Cosmos and it's bringing smart contracts to ecosystem through CosmWasm. Smart contract layer as a separate layer is actually good for preventing congestion and network health. Juno is utilizing Cosmos' SDK and It's IBC enabled as well, so it can communicate with whole Cosmos Ecosystem without bridge/wormholes etc. 

There are already about 47 dApps running on Juno; one of the most anticipated is Junoswapdex AMM DEX built on Juno. It's almost ready to launch at junoswap.com where you can swap coins, supply liquidity and thus earn handsome interest (very soon).

There are Dao Dao (which is basically a Dao that makes easier to build a DAO twitter, website), Strange Clan (a NFT game powered by Unreal Engine, which is play 2 earn game -  website), JunoMint where you can easily deploy CW-20 tokens with few clicks - website)

If we compare Juno to other Layer 1 projects, you will recognize that it's still very very young project, it's a must to add it to your watchlist.