$ADA Hoskinson Says Midnight Won’t Kill Cardano, But Will Expand Its DeFi Ecosystem by 10x

Cardano founder Charles Hoskinson has voiced optimism that Midnight will significantly strengthen the network and expand its DeFi ecosystem tenfold.

He made the statement during a recent livestream, addressing concerns that Midnight could weaken Cardano’s core blockchain. In response, Hoskinson argued that simply making Cardano faster, cheaper, and more scalable will not drive mass adoption of the network.

He suggested that competing with networks like Ethereum and Solana requires more than incremental technical improvements. Moreover, Hoskinson stressed that even major upgrades such as Leios and Hydra may deliver only marginal user incentives, such as lower transaction fees and dramatic improvements in throughput.