• Charles Hoskinson said Cardano’s current weakness comes from low DeFi usage, not from the chain’s tech stack.
• A market analyst called that an “expected” and “limited” defense, noting ADA is down 47% in three months and TVL is stuck around $240 million.
• Cardano users are mostly holding and staking, not touching the DeFi, AI and protocol features the ecosystem has shipped.

According to Cardano founder Charles Hoskinson, the blockchain solution’s latest challenges are due to the low usage of the Cardano DeFi by users. 

He argued the chain is capable, the tooling is there, and the ecosystem is “fertile,” but users are not flowing into DeFi at the pace critics expect. That was his way of separating “no one can build on Cardano” from “not enough people are using what’s built,” and he framed today’s TVL drop as something that can be fixed by …

Read The Full Article Hoskinson Labels Cardano’s TVL Slump “Non-Technical” As ADA Sheds 47% On Coin Edition.

• Charles Hoskinson said Cardano’s current weakness comes from low DeFi usage, not from the chain’s tech stack.
• A market analyst called that an “expected” and “limited” defense, noting ADA is down 47% in three months and TVL is stuck around $240 million.
• Cardano users are mostly holding and staking, not touching the DeFi, AI and protocol features the ecosystem has shipped.

According to Cardano founder Charles Hoskinson, the blockchain solution’s latest challenges are due to the low usage of the Cardano DeFi by users. 

He argued the chain is capable, the tooling is there, and the ecosystem is “fertile,” but users are not flowing into DeFi at the pace critics expect. That was his way of separating “no one can build on Cardano” from “not enough people are using what’s built,” and he framed today’s TVL drop as something that can be fixed by …

Read The Full Article Hoskinson Labels Cardano’s TVL Slump “Non-Technical” As ADA Sheds 47% On Coin Edition.