In a world where blockchains vie for recognition, Cardano’s founder, Charles Hoskinson, has spun the tale of exclusion from a lofty US government project. While Ethereum, Solana, Avalanche, and Optimism strutted onto the stage, Cardano was left standing awkwardly in the wings, all because of a curious matter-money. Yes, dear reader, not technical hurdles nor regulatory red tape, but the outrageous fees demanded by Chainlink, that oracle wizard, who apparently believes in charging gold prices for a whisper of data. 🤷♂️💰
Chainlink’s Fee: The Punchline That Killed the Joke
Imagine the surprise in the crypto circles when Cardano, the noble but somewhat shy blockchain, found itself excluded from a grand initiative to bring macroeconomic data onto the blockchain-an effort that other giants like Ethereum eagerly embraced. Hoskinson, ever the candid speaker, revealed that the real villain was the absurd sum Chainlink wanted for their oracle services. The man didn’t hold back: “They gave us an absurd number for integration. I said, ‘F-not it, we’ll handle it ourselves,’” he recounted, with a tone that suggested he’d rather wrestle a bear than pay such a fee. 🐻💸
But lest you think Hoskinson harbors doubts about Chainlink’s genius, he tempered his criticism with praise. He called Sergey Nazarov, Chainlink’s co-founder, “extremely smart,” a “good businessman,” and someone “sitting on a golden egg of future profits.” Ah, the sweet irony of respect amidst financial frustration. Anyway, Chainlink’s solutions remain the backbone linking smart contracts to real-world data, and Hoskinson recognizes their power-though he prefers to keep his wallet a tad lighter.
How This Fee Fiasco Stalls Cardano’s DeFi Dreams
Without a budget-friendly oracle, Cardano’s DeFi ambitions lag behind. Meanwhile, Ethereum, riding the Chainlink wave, has amassed over $13.4 billion in Total Value Locked (TVL) from early August-a staggering figure, enough to make a Bitcoin miner blush. In stark contrast, Cardano’s TVL flopped below $400 million, and its daily active addresses plummeted faster than a poorly timed joke at a serious meeting. As a result, on-chain activity and ADA’s price seem to be playing different tunes, with the latter inching upward while the former takes a nosedive. It’s almost funny-like expecting a royal crown but receiving a plastic tiara instead. 🤡
Yet, Hoskinson’s optimism persists. Talks with Chainlink are ongoing, and he’s determined to broker a peace deal-perhaps over a cup of digital coffee. He hints at future collaborations, including the possibility of launching USD1, a stablecoin already making waves on Ethereum and friends, into Cardano’s waters. If that happens, and Chainlink’s oracle magic joins the mix, Cardano might finally shake its modest reputation and stand tall in the DeFi arena. Fingers crossed-it’s a long shot, but then again, so are some of those fees! 😅
As of today, Cardano stands at $0.8307-up a modest 1.1%-proving that in crypto, patience is a virtue, or simply a way to mask disappointment with a smile. 🎭
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2025-09-04 00:27