Charles Hoskinson Reacts to Criticism Over Cardano’s DeFi Ecosystem Growth

Charles Hoskinson, founder and CEO of Cadano, has once again responded to critics — this time around Emin Gün Sirer, the founder and CEO of Avalanche’s Avalabs. Cardano’s DeFi ecosystem has been criticized for its slow pace of growth, as reflected in its TVL.

A single Avalanche subnet, launched literally two days ago, has more TVL than Cardano, ranked 8th. Avalanche itself is ranked 10th. Make of that what you will. https://t.co/mvSely7V91

— Emin Gün Sirer🔺 (@el33th4xor) April 2, 2022

Cardano has a total locked value of $298.27 million according to DefiLlama. Taking staked governance tokens out of the TVL valuation, Cardano’s TVL is about $219.42 million.

The apparent delay in growth can be attributed to the fact that many decentralized applications (dApps) are waiting for the Vasil hard fork to benefit from pipelining.

That feeling when you deploy your enormous premine to boost your TVL https://t.co/ksoyE9k7DD pic.twitter.com/ownQFQWJmz

— Charles Hoskinson (@IOHK_Charles) April 9, 2022

Charles’s response

Pipelining reduces the “dead time” between blocks by making the process of distributing blocks faster. By doing so, it will be possible to implement aggressive changes such as reference scripts, which will increase the blockchain’s overall efficiency.