Charles Hoskinson linked the risk of additional closures on Cardano to the same pressures he said were behind TapTools' decision to wind down operations.
Cardano founder Charles Hoskinson said more DeFi (decentralized finance) applications on Cardano may shut down in the second half of 2026 after TapTools decided to wind down operations. He said the network's challenges stem from the same underlying pressures, signaling that TapTools' closure may not be an isolated case if conditions do not improve.