Cardano Founder: Cardano May See More DeFi Shutdowns in 2026 Cardano founder Charles Hoskinson said that more DeFi applications on Cardano…
Cardano Founder: Cardano May See More DeFi Shutdowns in 2026
Cardano founder Charles Hoskinson said that more DeFi applications on Cardano may shut down in the second half of 2026, following TapTools' decision to wind down operations. Hoskinson said Cardano's challenges stem from commercialization, ecosystem funding and governance issues, adding that he does not control the treasury, governance keys or protocol parameters and cannot unilaterally force changes.
He also floated an "extreme option": launching a new Cardano through proof of burn if the existing ecosystem cannot change, in order to reset tokenomics and institutional funding mechanisms.