Midnight and DeFi: Charles Hoskinson's new strategy to accelerate Cardano's growth

With the development of the Cardano ecosystem (ADA), the network founder identified two strategic directions that could radically change the platform’s growth trajectory. These are scaling decentralized finance and integrating the private sidechain Midnight.

Midnight as a Catalyst for User Growth

The Midnight sidechain is positioned by Hoskinson as a fourth-generation solution in the crypto industry. The key feature of this project is its built-in privacy architecture, which allows users to interact with decentralized applications without revealing personal data. According to the founder, this approach can attract users migrating from other major blockchains, as privacy concerns become increasingly relevant to the crypto community.

DeFi Revolution: Scaling Up

Hoskinson emphasized the need for a tenfold, or even hundredfold, increase in key metrics of the Cardano DeFi segment. Priority indicators include the number of monthly active users, total value locked (TVL), and the volume of stablecoins in circulation.

To achieve this ambitious goal, the Cardano Foundation has allocated a significant amount of ADA tokens to enhance liquidity and attract major stablecoin projects. Currently, active work is underway to connect USDC and USDT to the network, which should facilitate user access to stable assets and expand the platform’s utility.

Ecosystem Synergy

The main strategy involves creating synergy between the main Cardano network and the private sidechain Midnight. Combining privacy capabilities with the power of DeFi infrastructure could create a unique market offering. This combined approach has the potential to trigger a new wave of growth for the network and attract new participants from other ecosystems.

Current ADA metrics:

• Price: $0.39
• Change over 24 hours: -0.07%
• Daily trading volume: $2.76M
• Market capitalization: $14.30B

According to Charles Hoskinson’s analysis, implementing these initiatives could trigger the next bullish phase for Cardano, positioning the network as a serious competitor in the private finance and decentralized solutions sector.