Hoskinson and Aiken co-creator are building a new Cardano language
- —Hoskinson announced the work on Oct. 18; no name, code or spec released
- —The language would combine intents, proof-carrying data and Groth16 proofs
- —Cardano DeFi TVL is about $58 million versus a $7.7 billion ADA market cap
- —ADA trades near $0.20–0.21, down roughly 68% over the past year
Why it matters: With no code or specification, the project has little near-term impact; the gap between ADA's valuation and Cardano's DeFi activity remains the key risk.
Source: Happycoin.club