Hoskinson Warns More DeFi Projects Could Disappear
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Cardano founder Charles Hoskinson warned more Cardano DeFi projects and dApps could shut down in H2 2026 as weak markets force consolidation. The warning follows TapTools announcing it will wind down and JPG Store closing, while ADA plunged to about $0.149, its lowest level since early 2021. Hoskinson blamed slow governance, limited commercialization and lack of community support as key risks to adoption, token performance and the NFT/DeFi ecosystem.
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- Hoskinson warned that more Cardano DeFi projects and dApps could shut down in H2 2026.
- He blamed slow governance, limited commercialization, and a lack of community support.
- The ADA token plunged to around $0.149, its lowest level since early 2021.
Cardano founder Charles Hoskinson said more DeFi applications and decentralized apps could shut down during the second half of 2026 as weak markets continue to pressure builders across the ecosystem.
His warning came after analytics platform TapTools announced plans to wind down operations. Earlier, JPG Store, Cardano’s largest NFT marketplace, also decided to close.
Hoskinson said he had warned at the beginning of the year that prolonged market weakness would force some projects out of business. He now expects further consolidation across the network.
According to him, smaller teams with limited revenue are facing…
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