Cardano blockchain co-founder, Charles Hoskinson acknowledged that his July 2020 forecast for the number of DApps to hit the blockchain is not yet true..
Referring to his famous tweet from July 2020, Hoskinson tweeted on March 23: “Remember when I predicted that Cardano would have thousands of assets and DApps? Well I was wrong”.
Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, millions of indigenous assets have now been issued and DApps are now in the hundreds. #SlowAndSteady https://t.co/mK4So6NHa1
– Charles Hoskinson (@IOHK_Charles) March 23, 2022
Remember when I predicted that Cardano would have thousands of assets and DApps? Well, I was wrong, now millions of indigenous assets have been issued and the number of DApps in the hundreds. #SlowAndStedy https://t.co/mK4So6NHa1
He may not have remembered his own tweet, though, since in July 2020 was predicted Cardano would have “hundreds of assets and thousands of DApps” by 2021 (ÁD).
Although the number of assets seems to be overcome their predictions for 2022 thanks to the new undetectable signaling protocols (NFT), the number of decentralized applications running on the network is not as impressive.
The decentralized financial analysis platform DeFiLlama tracks just seven DApps powered by Cardano and a total of $ 315.72 million in Total Locked Value (TVL), excluding promised governance signals. Two of these DApps have 0 TVL for governance signals.
Hoskinson basket What Developers are waiting for the rollout of an updated Vasil hard fork on Cardano scheduled for this June to launch their project.
According to Cardano’s chief ecosystem administrator, Cardano Cube, 579 DApp is at various stages of development.
What most also don’t realize is that many Cardano DApps are waiting to launch the Vasil hardfork in June to take advantage of a pipeline. So it seems we haven’t seen anything yet on TVL https://t.co/mMHxwRrF96
– Charles Hoskinson (@IOHK_Charles) March 12, 2022
What most also don’t realize is that many Cardano DApps are waiting for the launch of Vasil’s hard fork in June to take advantage of a pipeline. So it looks like we haven’t seen anything on TVL yet https://t.co/mMHxwRrF96
While the data contradicts some of Hoskinson’s high predictions from 2020, they confirm that Cardano’s ecosystem has risen steadily during 2022 to date. The IS January 21 SundaeSwap decentralized exchange was launched (DEX) to cause a massive increase in Total Locked Value (TVL). Prior to the launch, Cardano’s TVL grew 24 hours, ranging from $ 3 million to $ 87.7 in one day, from January 20 to 21, according to DeFiLlama.
Given the value of the promised properties, the ecosystem TVL is now at an all-time high of $ 315.7 million, with the Minswap DEX ahead of all other dApps by $ 195.2 million. This makes Cardano the 25th largest blockchain network at TVL. If the value of the promised governance properties is taken into account, TVL Cardano has about $ 421.5 million.
Despite Cardano’s growth this year, the network’s TVL is still weakening compared to its DeFi Tier 1 competitors such as Ethereum (ETH) and Solana (Sól). Both chains are worth a whopping $ 137.3 billion and $ 7.2 billion respectively, according to DeFiLlama.
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