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Cardano Founder Responds To ‘Ghost Chain’ Comments

Charles Hoskinson recently responded to critics who called Cardano a "ghost chain" after an article suggested that some crypto projects inflate numbers to create hype.

Haider Jamal
March 23, 2025

Addressing The Controversy

The Cardano (ADA) founder tweeted, “Cardano with its real numbers = ghost chain. The chains with fake numbers = VC darlings, mass adoption, changing the world.” The article referenced a study by Cornell University.

Source: X (@IOHK_Charles)

Recently, Coinbase derivatives filed to self-certify Cardano futures, and AMINA Bank launched Cardano staking services.

Cardano Still Thriving

Despite the criticism, Cardano continues to grow. The latest development update from Input Output shows 1,989 projects on the network, with 1.328 million delegated wallets and a 0.07% increase in staking activity. Native tokens now total 10.72 million, and smart contract adoption is steady with 129,374 Plutus scripts deployed.

Cardano’s governance also remains strong with 1,217 DReps, 923 of whom are active. In addition, the Lace wallet is expanding to support Bitcoin (BTC), further improving Web3 interoperability.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.