Cardano aims to position himself as the intelligent contractual layer for Bitcoin based Defi, but the founder Charles Hoskinson says that the absence of a strong executive voice harms his growth.
In a recent article on X, Hoskinson stressed the importance of a strong story to guide the feeling of the market. He thinks that Bitcoin Defi is Cardano’s greatest opportunity, especially with recent advances like Leios, Hydra and The Midnight Glacier Drop.
However, despite these victories, Cardano continues to combat the perception of the public. “We miss a competent base and an executive power to push these stories in the state of mind of space,” said Hoskinson.
The most popular Dex on Cardano, Minswap, is preparing to integrate bitcoin and aims for a pool of liquidity of 2 billions of dollars. Meanwhile, tools such as Wallet Lace and the Stablecoin USDM become popular.
Hoskinson took on him to shape Cardano’s account, but he admits that it has a cost. “It was brutal and expensive,” he said, referring to personal attacks and accusations, including the theft of ADA tokens.
Output Global (IOG) entry, his business, will continue to direct narrative efforts. However, Hoskinson says the community needs more support.
For the future, the next rare conference Evo Crypto could be a turning point. Cardano plans to solve governance problems, update his constitution and launch a sovereign fund to support his vision of bitcoin.
Read also: Charles Hoskinson launches the first Bitcoin Defi protocol on Cardano
