IOG founder Charles Hoskinson says Cardano remains strong and competitive in the blockchain industry.
In a recent commentary, he reassured supporters that the network remains a serious player. He also highlighted the successful launch of Midnight (NIGHT) as proof that Cardano can deliver major, high-impact projects.
During a recent livestream, Hoskinson pushed back against claims that Cardano is losing ground, insisting the network is still in the game and still fighting.
Although he acknowledged that the development team must still resolve key challenges as the ecosystem advances, Hoskinson highlighted the launch of Midnight, a privacy project he backed with $200 million, as a defining milestone.
He explained that Midnight is a $1 billion project that rapidly secured Tier-1 exchange listings and formed strategic partnerships, including with Google. Moreover, he suggested that the strong market reception and growing excitement around the project underscore Cardano’s ability to execute high-quality, large-scale launches that rival those of leading blockchain networks.
His remarks come as Cardano faces mounting scrutiny over claims that it moves too slowly. Critics frequently point to Ethereum’s dominance in developer activity and DeFi, as well as Solana’s high-speed infrastructure, to argue that Cardano no longer leads the conversation. However, Hoskinson rejected that narrative, insisting the network remains fully competitive.
To reinforce his stance, Hoskinson stressed that Midnight was built entirely within the Cardano ecosystem, not on Ethereum or Solana.
In his view, this milestone highlights Cardano’s independent innovation and execution strength. As a result, he said, ‘Cardano is fighting for everything’ as it works to expand its ecosystem and sharpen its competitive edge.
Building on this momentum, Cardano now uses Midnight to attract new users and developers. The launch of NIGHT has already benefited participants from other ecosystems, including XRPL and Bitcoin. Moreover, Midnight’s rational privacy model, designed to balance regulatory compliance with confidentiality, positions it to drive broader adoption.
Consequently, the platform appeals to both individual users and enterprises that require robust data protection while complying with regulatory standards. Its privacy framework has already drawn interest from major entities like AlphaTON Capital, with Hoskinson signaling that additional partnerships could follow ahead of the network’s expected launch next month.
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