Arthur Hayes Labels Cardano “Dog Shit”, Hoskinson Reacts
The post Arthur Hayes Labels Cardano “Dog Shit”, Hoskinson Reacts appeared on BitcoinEthereumNews.com.
Arthur Hayes, the co-founder and former CEO of BitMEX has made a controversial comment about the Cardano blockchain. Hayes shared an image via social media highlighting the fee generation of various decentralized applications (dApps) and protocols across the crypto ecosystem, questioning the presence and performance of ADA-based applications within this landscape. Hayes Blasts Cardano As “Dog Shit” Hayes remarked, “For all you ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, it looks like none of them do. That’s why ADA is dog shit. Charles Hoskinson, pls educate me. Yachtzee.” The image shared by Hayes is from Token Terminal, a platform that tracks financial performance metrics across different blockchain projects. It displays a bar chart of various crypto projects, ranked by the fees they have accumulated. The projects listed include Kwenta, Gains Network, Aura Finance, Curve, and others, leading up to the highest fee-generating projects like Aave, MakerDao, Uniswap and Lido Finance. Crypto projects by fees generated last 365 days | Source: X @CryptoHayes According to the data, Cardano is not represented among the top fee-generating projects in this list. This absence is the basis for Hayes’ criticism, suggesting that the lack of a heavily used dApp originating from or available on Cardano is indicative of the platform’s underperformance in the broader crypto market. ADA Founder And Community Reacts In response, Charles Hoskinson, the founder of ADA, has not provided an extensive rebuttal as of this reporting. Hoskinson, known for his typically vociferous defense of Cardano, has instead taken a more subdued approach, which can be characterized as meek. He replied, “Arthur, why are you throwing shade at Cardano? I like you man,” to which Hayes retorted, “Cause ur coin is a piece of…
Filed under: News - @ February 21, 2024 1:24 pm