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Cardano founder rebuffs Flare CEO's claim of surpassing Cardano in DeFi value locked.

Market News
07 May 2026
Benzinga
Bullish
pluang ai news

Cardano co-founder Charles Hoskinson responded to Flare CEO Hugo Philion's claim that Flare's total value locked ($159M) exceeds Cardano's ($131M). Philion argued Flare's newer strategy is outperforming Cardano's despite Cardano's six-year head start. Hoskinson dismissed the criticism as outdated marketing and suggested Philion try other social media tactics. The debate highlights competition in DeFi platforms, with Cardano showing technical signs of potential price recovery while Flare advances its unified DeFi layer connecting multiple assets.

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