Charles Hoskinson, CEO of IOHK, once again stated that Cardano has no secrets while responding to critics who called ADA a “scam”. Concerns about cryptocurrencies were voiced in the wake of the UST “death spiral” that caused the collapse of the Terra ecosystem.
Concerns that Cardano’s ecosystem is somewhat lacking have recently resurfaced. ADA is valued at over $19.41 billion, while the DeFi ecosystem has a total locked value (TVL) of over $137 million (without apportioning management assets), and critics claim Terra’s ecosystem had a TVL of over $30 billion at its peak.
So Charles Hoskinson explains what can be considered key contributors to Cardano’s ecosystem growth: “Years of progress, building and a huge community.”
Currently, 937 projects are being built on Cardano. Cardano has recently launched 84 projects, while the number of NFT projects has reached 5,549. According to the latest statistics shared by IOHK, over the course of this week, Github connect totaled 2,609, while Cardano native tokens rose to 4.7 million.
Cardano founder Charles Hoskinson stated that the Vasil Hard Fork is on the way. Cardano and smart contract platform Plutus will undergo significant improvements with the Vasil Hard Fork scheduled for June 29. To that end, IOHK hints that the testnet could go live by the end of May.
The upcoming Vasil update will introduce four different CIPs: CIP-31 (Reference Inputs), CIP-32 (Inline Data), CIP-33 (Reference Scripts) and CIP-40 (Margin Outputs), as shared by IOHK ).
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