{"id":396851,"date":"2025-06-30T16:02:19","date_gmt":"2025-06-30T10:32:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-cardano-lead-in-bitcoin-defi-founder-says-it-needs-a-central-voice-first-crypto-news\/"},"modified":"2025-06-30T16:21:32","modified_gmt":"2025-06-30T10:51:32","slug":"can-cardano-lead-in-bitcoin-defi-founder-says-it-needs-a-central-voice-first-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-cardano-lead-in-bitcoin-defi-founder-says-it-needs-a-central-voice-first-crypto-news\/","title":{"rendered":"Can Cardano Lead In Bitcoin DeFi? Founder Says It Needs A Central Voice First – Crypto News"},"content":{"rendered":"

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Cardano is making moves to become a hub for Bitcoin DeFi.<\/a> According to Cardano founder Charles Hoskinson, the network has rolled out a string of upgrades, yet it still needs a strong message to win over users and investors. He argues that without a clear voice steering the story, those technical gains risk getting lost in the noise.<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

Network Champions New Features<\/h2>\n

Cardano\u2019s team has added Leios,<\/a> a new smart contract framework, and Hydra<\/a>, a layer\u20112 scaling solution that promises faster transactions. They\u2019ve also launched the Midnight Glacier Drop, which aims to boost data privacy for on\u2011chain applications.<\/p>\n

Based on reports, Minswap<\/a>\u2014the largest decentralized exchange on Cardano<\/a>\u2014is preparing to support Bitcoin<\/a>, with plans to tap into a $2\u202ftrillion liquidity pool. At the same time, Lace Wallet is gaining traction among everyday users, and USDM, a stablecoin backed by dollar reserves, is picking up steam.<\/p>\n

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We got Leios, Hydra, Midnight, and Bitcoin DeFi alongside governance, security and decentralization. Bitcoin DeFi is indeed the largest opportunity, but the single biggest issue is that we are missing a competent Foundation and executive authority to push these narratives into\u2026 https:\/\/t.co\/t3j4ULTTe8<\/a><\/p>\n

\u2014 Charles Hoskinson (@IOHK_Charles) June 29, 2025<\/a><\/p>\n<\/blockquote>\n

Hoskinson Points To Executive Gap<\/h2>\n

Despite those wins, Hoskinson says Cardano is missing a \u201ccompetent Foundation and executive authority\u201d to shape market views. He\u2019s taken to X to share his concerns, but some in the community have pushed back hard.<\/p>\n

A few podcasters and thought leaders have labeled Cardano a \u201cdying chain.\u201d Hoskinson admits that stepping into the narrative has drawn plenty of criticism\u2014yet he feels it\u2019s needed if Cardano is to claim its place in Bitcoin\u2011based finance.<\/p>\n

ADA market cap currently at $20 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Input Output Global\u2019s Role<\/h3>\n

Input Output Global (IOG),<\/a> Hoskinson\u2019s company, will keep guiding Cardano as its core coordinator. He warns this work comes at a cost:<\/p>\n

\u201cIt\u2019s been brutal and expensive this year,\u201d he said, referring to waves of negative comments and legal threats. He adds that it\u2019s \u201cdehumanizing\u201d to be blamed for every hiccup on the network while not getting credit for the wins.<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

Rare Evo Conference In Focus<\/h3>\n

Looking ahead, Hoskinson is counting on Rare Evo<\/a>, a crypto conference, to reset the conversation. He believes the community will use that event to settle governance questions and update Cardano\u2019s constitution with delegated executive powers.<\/p>\n

There\u2019s even talk of a sovereign wealth fund to back Bitcoin DeFi on the chain. Built on top of Bitcoin, Bitcoin DeFi (BTCFi) is a network of decentralized financial applications.<\/p>\n

Last year, Hoskinson pushed a plan to convert $100\u202fmillion worth of ADA<\/a> into stablecoin liquidity. That idea sparked fierce debate. Now, he hopes Rare Evo will help turn bold ideas into solid support.<\/p>\n

Cardano\u2019s path forward may hinge on blending strong tech work with a clear, unified story. As Bitcoin DeFi edges closer, the project that can tell the best story might win the most attention\u2014and the most funds.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/p><\/div>\n