Is Cosmos like Polkadot?

I'm curious, is Cosmos comparable to Polkadot in any way? I've heard both projects are aiming to solve scalability and interoperability issues in the blockchain space, but how do they actually differ? Is Cosmos trying to achieve a similar vision of connecting multiple blockchains, or does it have a unique approach? And what about their tokenomics, are they similar or do they vary significantly? Just trying to get a better understanding of the similarities and differences between these two projects.