Cardano’s co-founder, Charles Hoskinson, has shut down rumors suggesting that the project’s highly anticipated Hydra layer-2 scaling solution has been abandoned. In a post on X (formerly Twitter), Hoskinson firmly stated, “I’m seeing some videos claiming that Hydra has been abandoned. It is just pure FUD (Fear, Uncertainty, and Doubt).”
The rumors began circulating after a YouTube channel, “The Cryptoviser,” uploaded a video on March 17, alleging that Cardano had “pivoted away from Hydra.” This claim was based on Hoskinson’s announcement of an integration with Hyperledger Firefly, a scaling solution aimed at helping enterprises build and scale Web3 applications. However, Hoskinson swiftly dismissed these claims, asserting that the Cardano team remains highly motivated and productive, with active community engagement and new research papers in the works to enhance the protocol further.
Hydra, launched in May 2023, is a crucial component of Cardano’s roadmap under the “Basho” phase, focusing on scaling the network. It is designed to enhance transaction processing capacity and reduce transaction costs on the Cardano blockchain. Despite the rumors, Cardano has been making strides in the decentralized finance (DeFi) sector, with its total value locked (TVL) reaching an all-time high of $520 million on March 14, according to DefiLlama.
