Cardano Founder Reveals Who Is To Blame For ADA’s DeFi Decline
Cardano has drawn attention once again following its current price decline that pushed it below $0.57, with network activity and investor confidence showing weakness. Reports have suggested that co-founder Charles Hoskinson blamed the Cardano community for the blockchain’s DeFi stagnation. However, Hoskinson has now publicly refuted those claims, calling them a misrepresentation of his comments. […]
Related News
Cardano’s decentralized finance (DeFi) environment has increased significantly, with the total value locked (TVL) expanding by 13%. The spike, while impressive, is the product of multiple variables at work in the blockchain’s expanding DeFi scene. Related Reading: XRP Set To Outshine Gold? Analyst Predicts 1,000% Surge This surge is due to major protocol improvements and a steady rise in the adoption of decentralized apps (dApps), indicating a bright future for the network. Key Upgrades And Protocol Improvements Recent network upgrades have substantially facilitated....
Charles Hoskinson, the founder of Cardano, has provided key insights into the next developmental and governance phases of Cardano and its Chang hard fork. With these plans set in motion, ADA, the native token of the Cardano ecosystem, has also seen a significant rise in a new metric, indicating a surge in investor interest and […]
Cardano (ADA) continued its downward slide on Monday, falling over 5% to trade around $0.57, extending last week’s 10% decline. Related Reading: XRP’s Next Earthquake: Billions Set To Flow In, ‘Supply Shock’ Coming—Analyst Market data from CoinGlass shows trader sentiment turning increasingly bearish, with ADA’s long-to-short ratio at 0.75, the lowest this month. The metric indicates that more traders are betting on further declines. On-chain data mirrors this negative outlook. According to Santiment, daily active addresses on the Cardano network dropped from 32,115 in mid-October to....
Speaking in a public X Spaces session on September 17, Cardano founder Charles Hoskinson outlined a set of behind-the-scenes discussions and integration pathways aimed at bringing XRP and Ripple USD closer to Cardano’s stack, describing a “package for XRP” that spans wallet support, a DeFi execution layer, and a standards-based route for Ripple’s stablecoin to […]
Charles Hoskinson, the founder of Cardano, has shed light on why he opted out of the annual Davos gathering, a high-profile event known for drawing the world’s elite. Instead, Hoskinson chose to attend the World of Concrete expo in Las Vegas, underscoring his personal passion for building, technology, and hands-on innovation. Cardano Founder Skips WEF […]