Key Takeaways – Hoskinson predicts more Cardano project failures. – Community divided over Cardano’s outlook. – Everstake remains bullish despite the collapse of ADA.
Cardano founder Charles Hoskinson has warned that more decentralized finance (DeFi) applications could shut down in 2026 as the token’s price plummets to its lowest in five years
Hoskinson Warns of More Ecosystem Failures In a recent video, Hoskinson said he expects additional project closures across the Cardano ecosystem after efforts to provide greater financial support to struggling ventures failed to gain sufficient backing. “This is where we’re at as an ecosystem,” Hoskinson said. “I said at the beginning of the year we were going to see a lot of people collapse because the markets are really bad.” Hoskinson highlighted the losses of the NFT marketplace JPG Store and the analytics platform TapTools. “I would suspect others are coming very soon. There’s going to be a wave of failures in the ecosystem,” he said. According to Hoskinson, some projects could potentially have been preserved through treasury funding or acquisitions.
He noted that he previously acquired wallet provider Nami and infrastructure company Blockfrost, but argued that the Cardano community has shown limited appetite for using treasury funds. “There doesn’t seem a desire to spend the treasury to take these ventures to the next level,” Hoskinson said. Looking ahead, Hoskinson warned that the second half of the year could prove especially difficult for Cardano. “This year’s going to be very hard. The second half of the year for Cardano.