- Three-phase deployment Bitcoin-the strkBTC bridge forced Charles Hoskinson to propose a private Midnight network that could connect Cardano with the Bitcoin network.
- This could partially compensate for the lack of liquidity in the blockchain. Cardano.
Commenting on the launch Bitcoin-bridge strkBTC from Starknet, founder Cardano Charles Hoskinson saidthat the decentralized and private BTC bridge sector is the largest untapped niche in the industry and “a race we can win.”
On According to Defillama, now Cardano is in dire need of capital inflow, and a bridge with the Bitcoin blockchain could significantly improve the situation.
Data Defillama
Currently the network Cardano There is a deep gap between the speculative valuation of blockchain and its use.
Token ADA traded at a price of $0,25, which gives the project a market capitalization of $9,14 billion. At the same time, the total locked value (T) in the sector DeFi Cardano The market cap is only $127,81 million, down 80% from its peak levels in late 2024. Daily trading volume is a modest $357 million.
Midnight’s sovereign affiliate network, launched in March and built on the architecture UTXO, does Cardano structurally compatible with Bitcoin and allows for import liquidity BTC via ZK protocols. This is what Charles Hoskinson meant when he spoke of “a race we can win.”
General negative perception Cardano is aggravated by the fact that the founder Cardano had to publicly deny rumors that the Japanese community was formed by telephone scammers during ICOHoskinson called these claims completely false in light of an official audit of the early sale vouchers.
Let’s not forget that, without being ill-wishers, journalists often called Cardano A phantom blockchain, devoid of any useful activity. Despite numerous fashion-driven developments, it has yet to transcend this status.
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