Cardano Founder Pushes for Unified Voice Amid Bitcoin DeFi Push
Cardano is actively positioning itself to become a central hub for
DeFi. According to Charles Hoskinson, the founder of , the network has introduced several significant upgrades, but it still requires a strong, unified voice to attract users and investors. Hoskinson emphasizes that without a clear narrative, the technical advancements risk being overshadowed by other developments in the market.Cardano’s recent enhancements include the introduction of Leios, a new smart contract framework, and Hydra, a layer-2 scaling solution designed to accelerate transactions. Additionally, the Midnight Glacier Drop has been launched to enhance data privacy for on-chain applications. These upgrades are part of a broader strategy to make Cardano more competitive in the DeFi space.
Minswap, the largest decentralized exchange on Cardano, is preparing to support Bitcoin, aiming to tap into a $2 trillion liquidity pool. Meanwhile, Lace Wallet is gaining popularity among everyday users, and USDM, a stablecoin backed by dollar reserves, is also seeing increased adoption. These developments indicate a growing ecosystem around Cardano, but Hoskinson believes that a cohesive narrative is essential to fully capitalize on these opportunities.
Hoskinson has expressed concerns about the lack of a “competent Foundation and executive authority” to shape market perceptions. He has taken to social media to voice these concerns, but his efforts have met with criticism from some community members. Despite the backlash, Hoskinson maintains that a strong narrative is crucial for Cardano to establish itself in the Bitcoin-based finance sector.
Input Output Global (IOG), Hoskinson’s company, continues to guide Cardano as its core coordinator. However, Hoskinson acknowledges the challenges and costs associated with this role, including negative comments and legal threats. He describes the experience as “dehumanizing,” noting that he often faces blame for network issues without receiving credit for the successes.
Looking ahead, Hoskinson is optimistic about the upcoming Rare Evo conference, where he hopes the community will address governance questions and update Cardano’s constitution to include delegated executive powers. There is also discussion about establishing a sovereign wealth fund to support Bitcoin DeFi on the Cardano chain. Bitcoin DeFi, built on top of Bitcoin, is a network of decentralized financial applications.
Last year, Hoskinson proposed converting $100 million worth of ADA into stablecoin liquidity, an idea that sparked intense debate. He now hopes that Rare Evo will provide a platform to turn bold ideas into tangible support. As Bitcoin DeFi continues to evolve, the project that can effectively communicate its vision and technical strengths may attract the most attention and investment.

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