Cardano founder Charles Hoskinson recently projected where Cardano would be by 2030, centering around adoption and market penetration.
Hoskinson shared this in his conversation with pundit Sujal Jethwani, identifying where Cardano could be in the next five years and what the ecosystem needs to work on to become more competitive.
Where Cardano Stands
Recall that the Cardano founder recently stated that everything is getting better for Cardano. In the recent interview, he reiterated this sentiment, highlighting the ecosystem’s giant strides in decentralization and governance.
Hoskinson emphasized that the network has achieved full decentralization. Notably, the September 1, 2024, Chang hard fork kick-started this switch, and Cardano has progressed impressively since then. The governance structure has also taken shape, with the affairs of the blockchain now piloted by the ADA community through decentralized representatives (DReps) and stake pool operators (SPOs).
Meanwhile, he expects the ecosystem to build on these wins annually. The founder highlighted better governance, treasury management, and protocol design as areas Cardano should improve.
Adoption and Market Penetration Major Pain Points
Nonetheless, Hoskinson stressed the need to grow Cardano’s adoption and market penetration, highlighting them as a significant drawback for the chain.
“We have to get adoption sorted out,” he said, emphasizing the need to grow TVL, transaction volume, and developer traction.
However, he maintained that Cardano has what it takes to effect this change. He cited existing technologies like the Hydra scaling solution and upcoming implementations as conviction that Cardano would attract more users.
So, by 2030, Hoskinson noted that Cardano will be competing more in the crypto mainstream. He also projected strong adoption metrics, highlighting that the ecosystem would reach 10 million users and penetrate more markets in the next five years.
Midnight: A Major Boost for the Cardano Ecosystem
Hoskinson went further to highlight that the privacy space is the next big thing in the crypto industry. He noted that the computational privacy niche offers 10x to 100x of what the generic crypto space has achieved.
“That’s how you bring all the real-world assets and the institutional players in,” he said.
According to the Cardano founder, the trillions of dollars from RWAs cannot enter the space through Solana, Ethereum, or Cardano. They would need programmable privacy chains like Midnight.
Meanwhile, Hoskinson had earlier called Midnight the most transformational project in Cardano’s history, claiming it brought visibility and traction back to the ADA ecosystem.
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