{"id":57677,"date":"2026-05-09T14:20:34","date_gmt":"2026-05-09T14:20:34","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=57677"},"modified":"2026-05-09T14:20:34","modified_gmt":"2026-05-09T14:20:34","slug":"cardano-founder-addresses-recent-criticism","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/cardano-founder-addresses-recent-criticism\/","title":{"rendered":"Cardano Founder Addresses Recent Criticism"},"content":{"rendered":"\n<p>Recent discussions in the cryptocurrency space have highlighted a rivalry between the founders of Cardano and Flare. Charles Hoskinson, the founder of Cardano, has expressed his views in response to comments made by Hugo Philion, the founder of Flare, regarding the growth of their respective networks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cardanos_Founder_Responds_to_Flares_Growth_Claims\"><\/span>Cardano&#8217;s Founder Responds to Flare&#8217;s Growth Claims<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a recent <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/IOHK_Charles\/status\/2052004977686585534?s=20\" target=\"_blank\" rel=\"noopener nofollow\">post on X<\/a>, Hoskinson addressed criticisms from Philion. He suggested that using attacks on competing networks for marketing purposes is a dated strategy and encouraged Philion to consider a different approach, possibly even suggesting the use of social media platforms like TikTok for promotional activities. Hoskinson&#8217;s comments were triggered by an <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/HugoPhilion\/status\/2051679443773706717?s=20\" target=\"_blank\" rel=\"noopener nofollow\">X post<\/a> from Philion that emphasized Flare&#8217;s recent achievements while pointing to vulnerabilities in Cardano&#8217;s performance.<\/p>\n<p>Philion mentioned that according to data from DeFiLlama, while Cardano holds approximately $132 million in total value locked (TVL) in DeFi, Flare has surpassed it with $159 million. He pointed out that despite launching in 2017, Cardano has been unable to leverage its head start effectively and criticized its attempts to replicate Flare\u2019s strategies.<\/p>\n<p>Philion further detailed that Flare&#8217;s figures in various DeFi metrics dwarfed those of Cardano, emphasizing the perceived stagnation of Cardano despite its earlier establishment and extensive resources. He boldly asserted that ADA will not outperform Bitcoin (BTC), while Flare is geared towards becoming the key DeFi layer for various digital assets.<\/p>\n<p>Flare has carved out a significant position within the XRP ecosystem, with Philion referring to it as the largest DeFi provider in that space. Current data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/flare-bridged-xrp-flare\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko<\/a> indicates that FXRP has a market cap exceeding $220 million, with around 155 million tokens available in circulation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"No_Hostility_Suggested\"><\/span>No Hostility Suggested<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In another <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/HugoPhilion\/status\/2052054390551576811?s=20\" target=\"_blank\" rel=\"noopener nofollow\">post on X<\/a>, Philion clarified that he did not intend to launch an attack against Cardano but aimed to present factual information from DeFiLlama. However, he raised concerns about why ADA has not seen significant changes despite facing various challenges throughout 2022. He provocatively offered to share Flare\u2019s strategic plans, suggesting it might help Cardano improve its performance.<\/p>\n<p>In his response, Hoskinson emphasized that he finds little value in engaging in arguments. He reiterated Cardano&#8217;s objective to serve as a DeFi layer for Bitcoin, highlighting previous statements wherein he discussed the potential of making BTC programmable through Cardano\u2019s smart contracts. This innovation could allow market participants to earn yields on their BTC within the network.<\/p>\n<p>Echoing the importance of this venture, Hoskinson noted that a partnership with entities such as BlackRock could facilitate vast opportunities for utilizing Bitcoin holdings more effectively. <\/p>\n<p>As of now, the price of ADA is approximately $0.27, reflecting an increase of over 5% in the last 24 hours, based on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from CoinMarketCap.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/3FFGCVtl\/\" alt=\"Cardano\" width=\"2108\" height=\"1636\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent discussions in the cryptocurrency space have highlighted a rivalry between the founders of Cardano and Flare. Charles Hoskinson, the founder of Cardano, has expressed his views in response to comments made by Hugo Philion, the founder of Flare, regarding the growth of their respective networks. Cardano&#8217;s Founder Responds to Flare&#8217;s Growth Claims In a [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Cardano Founder Addresses Recent Criticism - Bitrabo","description":"Recent discussions in the cryptocurrency space have highlighted a rivalry between the founders of Cardano and Flare. Charles Hoskinson, the founder of Cardano,"},"footnotes":""},"categories":[316],"tags":[1415,1831,1387,682,5109],"class_list":["post-57677","post","type-post","status-publish","format-standard","hentry","category-crypto-news","tag-cardano","tag-criticism","tag-founder","tag-heres","tag-widespread"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/57677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=57677"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/57677\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=57677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=57677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=57677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}