ADA — the native cryptocurrency of the Cardano network — is among the myriad of cryptocurrencies that saw their price soar in 2021.
On this episode of The Scoop, The Block’s Frank Chaparro sat down with Charles Hoskinson, founder of Cardano and CEO of Input-Output Global, to unpack the ecosystem underpinning the price headlines.
While Cardano’s ADA has surged over the course of 2021, the blockchain that underpins the token is yet to play host to a large decentralized exchange, of the kind that has sprung up on networks like Ethereum and Solana. Questions have also arisen about the number of successful decentralized applications or 'DApps’ in the ecosystem when compared to networks.
Hoskinson says that this sentiment reflects a misunderstanding about what is being developed on Cardano.
„There’s almost 200 DApps that are under construction right now,” he noted. „SundaeSwap is one of the most prominent, it’s launching tomorrow,” referring to the DEX that launched Thursday — albe
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