Can Cardano Lead In Bitcoin DeFi? Founder Says It Needs A Central Voice First
Cardano aims to establish itself as a hub for Bitcoin DeFi, with founder Charles Hoskinson emphasizing the need for a clear narrative to attract users and investors. Recent upgrades include the introduction of Leios, a smart contract framework, and Hydra, a layer-2 scaling solution for faster transactions. The Midnight Glacier Drop enhances data privacy for on-chain applications. Minswap plans to support Bitcoin, tapping into a $2 trillion liquidity pool, while Lace Wallet and the USDM stablecoin are gaining popularity. Hoskinson highlights a lack of competent leadership to shape market perceptions, facing criticism from some community members. Input Output Global will continue to guide Cardano, despite challenges and legal threats. Upcoming crypto conference Rare Evo is expected to address governance issues and potentially establish a sovereign wealth fund for Bitcoin DeFi. The project's success may depend on combining technological advancements with a compelling narrative.
