Charles Hoskinson used his newest stay AMA on November 1 to situation a point-by-point rebuttal to claims that Cardano is affected by low adoption, skinny liquidity, poor interoperability and advertising and marketing inertia—whereas laying out a 2026 progress blueprint anchored within the Midnight partner-chain, cross-ecosystem bridges, an events-driven advertising and marketing push, and clearer accountability for KPIs.
Hoskinson framed the broadcast as a response to an “adversarial” neighborhood put up itemizing seven alleged flaws “holding again Cardano adoption,” together with the dearth of USDC/USDT, “critically low” liquidity/TVL, “extreme community congestion,” “minimal on-chain adoption,” restricted advertising and marketing attain, poor interoperability/bridges, and skinny tier-one change assist for Cardano native tokens. He rejected the framing as “not truthful,” arguing that it ignores each community realities and pipeline developments, and that it collapses the excellence between Cardano’s base-layer participation and DeFi utilization.
“It comes up fairly a bit,” he stated on the stablecoin debate. “There’s this perception […] that if by some means, someway Tether or Circle got here to Cardano, then magically all of our DeFi issues could be solved […] I do agree that there’s not sufficient stablecoins issued, however bear in mind we’ve got USDM, we’ve got USDA. They don’t dip. They’re asset-backed […] and we will mint them on a regular basis. I’ve personally minted them myself.”
On TVL and adoption metrics, he contrasted DeFi snapshots with broader on-chain engagement: “It’s completely legitimate that there’s about $680 million in TVL on Cardano. However […] we’ve got 1.3 million individuals taking part in both governance or staking […] greater than 15 billion ADA […] We don’t get to rely that in our TVL. Ethereum does […] however we don’t.”
The core problem, he argued, is just not consumer shortage however conversion: “Cardano customers aren’t utilizing Cardano DeFi […] If our personal individuals consumed, our TVL could be $5 to $10 billion minimal as an alternative of $680 million.”
Midnight As Key Adoption Driver For Cardano
A big portion of the AMA elevated Midnight—the privacy-preserving companion chain—because the mechanism to unlock the “interoperability and bridges” critique and to catalyze change protection for Cardano native tokens.
“I’ve spent the final six years constructing Midnight. We’re on the point of launch […] [It] resolves just about all these issues,” he stated, including that the token could be a Cardano-native asset with “tier one change listings,” “over a 100 partnerships,” and connectivity to “eight ecosystems, seven blockchains—Ethereum, Bitcoin, Solana, Binance Sensible Chain, XRP, Avalanche, and clearly Cardano.”
He positioned Midnight as a sensible bridge layer for cross-chain capital and as a driver of DeFi participation on Cardano: “Persons are going to wish to create yield with their [Midnight tokens], and they also’re going to make the most of Cardano DeFi.”
He additionally previewed distribution mechanics and scale claims across the Midnight drop: “Midnight is shaping as much as be the largest drop within the historical past of the trade […] There are already hundreds of thousands of addresses […] about 200,000 taking part within the glacier drops […] I consider Kraken and […] Gate [are participating] […] whenever you sum up all these individuals, it’s going to be most likely over 1,000,000, which makes it bigger than Arbitrum.”
On stablecoins particularly, he forecast decision by way of Midnight’s negotiation leverage and a trust-minimized “recursive snark bridge” between Midnight and Cardano: “As for the stablecoin facet of issues, that’s going to get completely resolved in 2026 […] If it’s on Midnight, we’ll have a trustless recursive bridge […] Native issuance on Midnight into Cardano.”
Cardano Scaling
Hoskinson dismissed the “extreme community congestion” critique as inconsistent with present utilization. “Our blocks are a few third to half full more often than not or much less […] do we actually have a throughput drawback?”
He pushed again on strategies that Cardano’s scaling stack was unreleased: “Hydra is engaged on mainnet proper now […] In the event you participated within the Glacier drop, you have been utilizing Hydra […] Hydra has reached model 1.0. There are quite a few individuals on Cardano mainnet utilizing Hydra proper now on a per-application foundation.” As proof of effectivity, he cited loading “33.6 million eligible addresses” right into a Hydra head for the drop “at a complete operation price” of lower than 5 figures.
On the info availability/throughput observe he calls Leios, Hoskinson stated “the SIP is finished” and that “linear Leios is being deliberate for launched subsequent yr,” with a public month-to-month R&D cadence and an upcoming progress web site. He linked these efforts to partner-chain finality work and recursive SNARKs, arguing Cardano is scaling “with values”—sustaining decentralization and resilience whereas including throughput.
Advertising and marketing And Governance
Whereas rejecting claims of “negligible advertising and marketing attain,” Hoskinson conceded underperformance and stated he would personally drive an event-centric push in 2026: “Despite the fact that it’s not my job, I’m going to make a few of it my job […] we’re going to have 4 main occasions per yr […] convey the highest 25 to prime 50 dApp/DeFi initiatives on Cardano to these occasions to reinforce the Cardano sales space, the IO sales space.” He pointed to Token2049 as a mannequin—“we took over that complete occasion […] even the Wi-Fi codes”—and referred to as for a sustained marketing campaign round Cardano’s “USPs.”
He repeatedly pressured the absence of a single entity accountable for progress. “There’s no person at the moment accountable […] for the expansion of Cardano. If it’s nobody’s drawback, everybody’s drawback is nobody’s drawback.” The treatment, in his view, is a 2026 framework of delegated authority with specific KPIs throughout MAUs, transaction quantity, TVL, lively dApps, developer counts, integrations and blockchain-to-blockchain partnerships.
On this context he contrasted the Midnight Basis’s “hungry” execution—“they announce offers each week”—with frustration on the Cardano Basis’s silence on Midnight partnerships and listings: “Zero tweets saying Midnight is an enormous factor […] It’s irritating to me as a result of how can we win if we destroy ourselves?”
Pipeline: Africa, Bitcoin DeFi, Partnerships
Hoskinson stated IO is making ready Cardano-native DeFi purposes for 2026 and emphasised that the “actual” Africa microfinance product by no means stopped.
“We by no means gave it up. We by no means stopped. Go to Twitter. Folks simply lie till it turns into actuality of their minds. They are saying we abandon Africa. John O’Conor continues to be right here. It’s an enormous staff. We’ve been lending cash like loopy, my cash, and we’re opening it up for micro finance, banking the unbanked, the financial id facet of it. And that’s coming in 2026. I believe that’s going to be the biggest contributor to Cardano’s TVL when that service activates,” Hoskinson stated.
He additionally tied it to the Bitcoin defi initiative. “Bitcoin and ADA will be lent, transformed right into a stablecoin, after which lent out […] Our perception is that’ll create billions of {dollars} of TVL for the community and convey plenty of Bitcoin into the community.”
He additionally referenced conversations and integrations with Close to—“you guys noticed the Close to intents coming by means of”—and floated blockchain-to-blockchain outreach to Tezos and Algorand together with an oblique path to Chainlink by way of Close to given “a direct dialog has been lower than fruitful because of the value […] mid eight figures.”
On developer expertise, he argued the narrative is outdated: “They are saying it’s Haskell solely […] They don’t even discuss Aiken […] Each programming language designer […] says it takes about three to seven years […] we’re proper there.” He flagged Plutus v4 “subsequent yr,” StarStream “including contract composition,” and a lane for rollups supported by recursive SNARK primitives, alongside L2 efforts “like Midgard and Gummy.” The strategic thread, he stated, is continuity: “We wager massive on decentralization […] resilience […] interoperability with Bitcoin […] companion chains. Now it’s about adoption.”
Hoskinson closed by pledging persevering with supply on companion chains—“I wish to launch one yearly”—core analysis translated into manufacturing, and relentless advocacy, whereas asking the neighborhood to match that with utilization and unified messaging. “We will complain about it or we will resolve the issue. Collectively we are going to succeed.”
At press time, ADA traded at $0.577.
Featured picture created with DALL.E, chart from TradingView.com
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