Why did Cardano lose momentum? Hoskinson Analysis
Source: CoinWorld
Time: 2025-09-10 17:38:05
Cardano founder Charles Hoskinson acknowledged that the blockchain “bets wrong” on its rigid 2021 smart contract model, causing its momentum to be replaced by Solana. He questioned Ethereum's long-term dominance in the DeFi field and predicted that Bitcoin DeFi's market value may exceed Ethereum with institutional participation. Meanwhile, Cardano's futures open contracts reached $2.5 billion, the highest level since 2021, with weekly on-chain trading volume reaching $4 billion. Hoskinson also details his $200 million investment in Wyoming for AI healthcare programs.