The Midnight launch has reignited questions about Cardano’s relevance in a market that increasingly values practical use cases. Industry analysts say real-world utility and a shift toward business-oriented tokens with measurable value are essential for competitive staying power. Galaxy Digital’s chief executive and head of research note that Cardano must demonstrate real utility and sustainable revenue models to survive in a crowded crypto landscape. Charles Hoskinson has confirmed the audit of 318 million ADA tied to unredeemable presale vouchers is complete and urged the Cardano community to move forward.
The Midnight rollout has reignited questions about Cardano’s relevance in a market that prizes practical applications. Analysts say real-world utility and a shift toward business-focused tokens with measurable value are essential for staying competitive. Galaxy Digital’s CEO and head of research emphasize that Cardano must demonstrate tangible utility and viable revenue models to survive in a crowded crypto landscape.
Industry executives argue that sustainable value creation is key to Cardano’s future relevance amid rising competition. Charles Hoskinson has confirmed the audit of 318 million ADA tied to unredeemable presale vouchers is complete and urged the Cardano community to move forward. He stresses the importance of focusing on utility and execution to regain momentum.
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