Charles Hoskinson, founder of Cardano, criticized the ADA community for failing to adopt its DeFi platforms, claiming the ecosystem “could have a TVL between $5 billion and $10 billion” if users were more active.
Currently, Cardano’s total value locked stands at around $262 million, according to DeFiLlama — far below Solana’s $11.17 billion and Ethereum’s $84.22 billion. Hoskinson argued that the low level of internal participation prevents the network from attracting external capital and limits its overall growth.
He identified several key obstacles: lack of technical knowledge, security issues, low yields, and a poor user experience. According to Hoskinson, these shortcomings have slowed DeFi development on Cardano despite its advanced infrastructure and a community with significant capital power.
Part of the community agreed with his assessment, noting that Cardano has the resources to sustain a competitive DeFi sector but needs stronger internal participation.
Source: https://x.com/IOHK_Charles/status/1984379229329612935
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
