Cardano founder floats splitting his own blockchain after warning more apps will die
Charles Hoskinson warned Cardano may face a wave of ecosystem failures after TapTools, a major analytics and infrastructure platform, said it will shut down due to leadership departures, rising costs, and lost technical capacity. He argued the collapse highlights a deeper problem: Cardano has community governance but lacks a single executive power to quickly fund, rescue, or commercialize struggling projects. He said treasury rules, voter resistance, and criticism of commercialization have made it hard to sustain builders, while DeFi activity remains weak, ADA has fallen below $0.20, and ecosystem TVL is only about $115 million. Hoskinson floated extreme options, including launching a “new Cardano” via proof of burn, if governance and funding structures cannot change. He framed the conflict as builders versus critics and said the network must decide whether to reform governance, treasury use, and leadership or risk continued decline.
