Cardano Founder Charles Hoskinson Defends ADA As Sound Money
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As analyst contemplate the fate of Cardano considering its relative underperformance, its founder Charles Hoskinson just made a bold statement may attract attention to the network and its native coin. While addressing the network’s community, Hoskinson stated that Cardano was the biggest threat to Bitcoin. A bold statement which he backed by highlighting a few things. Source: @AltcoinDaily | X Among them includes solving the Nakamoto consensus, which allowed Cardano to be on par with Bitcoin in terms of transaction validity. This was despite Cardano being a proof of stake network, allowing it to enjoy the benefits of both worlds. In addition, Hoskinson believes that Cardano currently has a superior network model compared to Bitcoin and other rival networks. Especially in terms of on-chain governance and programmability. The Cardano founder believes that those winning factors may provide a competitive edge and allow Carano to outpace the competition in the long term. However, short term growth may not necessarily reflect those sentiments especially in terms of key network performance metrics. Here’s How Cardano has been Fairing in Key Performance Areas Address activity on the Cardano network revealed a bit of regression in the last 2 years. Daily returning addresses in June 2023 were averaged well above 50,000 addresses. Cardano returning addresses/ source: DeFiLlama The network’s daily returning addresses have been averaging below 30,000 addresses so far in June. Cardano’s DEX volume has also been struggling to make a strong comeback in 2025 compared to its performance in Q4 2024. For context, DEX volume pushed slightly above $32 million at its peak in December last year. Meanwhile, it has since declined so much that daily DEX volume has been struggling to push above $5 million. ADA TVL and DEX volume/ source: DeFiLlama Cardano’s TVL retreated to $360 million at press time, which…
Filed under: News - @ June 14, 2025 12:26 pm