Altcoins News
By Steven Anderson
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TapTools Winds Down, DeFi Struggles Mount. The DeFi side of Cardano's ecosystem isn't doing great.
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Hoskinson's Sharpest Criticism: The Cardano Foundation. The harshest words in his address weren't aimed at critics on social media.
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Charles Hoskinson is done with the spotlight. The Cardano founder said he's pulling back from videos, interviews, and social media — and he's pretty clear that ADA's price was…
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He made the announcement through a video addressed directly to the Cardano community. He'll keep working on the project, he said, but the public-facing stuff is largely over.
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That's a long way from where the token was a few years back, and the drop has been painful for a lot of holders.
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The DeFi side of Cardano's ecosystem isn't doing great. Projects are struggling, and some are shutting down entirely.
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He's been pushing for purpose-driven development over short-term financial chasing. That's a coherent message.
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And Hoskinson knows it. He didn't try to pretend things are fine.
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The harshest words in his address weren't aimed at critics on social media. They were aimed at the Cardano Foundation.
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See also: US Treasury Moves on Bitcoin Reserve With 4,500-Word Gap in Public Details
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That's a significant thing to say publicly. The Cardano Foundation is one of the three entities in the broader Cardano organizational structure, alongside IOHK (now IOG) and…
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He wants a new roadmap. He wants governance that actually functions. He's frustrated with the pace and the resistance. None of that is soft language.
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But he's not walking away from Cardano itself. He's clear about that. He said the project's real strength is its community, not the protocol. People over code.
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Not a great word to use about your own project. But he used it.
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So what does stepping back actually look like? Fewer videos. Less social media. No more wading into the daily discourse on X where a quarter of his replies are apparently hostile.
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