Cardano DeFi and ADA Holders
Charles Hoskinson, founder of Cardano, defended the network's decentralized finance ecosystem, citing user behavior issues as a reason for its low total value locked.
Hoskinson responded to criticism about Cardano's total value locked (TVL) and DeFi growth, acknowledging the gap between Cardano and leading blockchains like Ethereum and Solana.
No one's ever made the argument and explained how the existence of one of these larger stablecoins is magically going to make Cardano's entire DeFi problem go away, make the price go up, massively improve our MAUs, our TVL, and all these other things.
Hoskinson emphasized that introducing major stablecoins like USDT or USDC would not automatically transform Cardano's DeFi ecosystem.
Author's summary: Hoskinson defends Cardano's DeFi ecosystem.