Charles Hoskinson Responds to Criticism of Cardano DeFi and ADA Holders

Cardano founder Charles Hoskinson has responded to renewed criticism about the network’s total value locked (TVL) and relatively sluggish decentralized finance (DeFi) growth. On October 31, Hoskinson acknowledged the gap between Cardano’s DeFi activity and leading blockchains like Ethereum and Solana. However, he said the numbers fail to capture the network’s broader participation and governance strength. Cardano Bets on Bitcoin Interoperability to Unlock Billions in DeFi Liquidity Hoskinson pushed back on the long-standing belief that introducing major stablecoins such as USDT or USDC would automatically transform Cardano’s DeFi ecosystem source: https://beincrypto.com/cardanos-targets-bitcoin-defi-integration/