Cardano Ecosystem Braces for 'Wave of Failures' as Founder Warns of Project Closures

Cardano founder Charles Hoskinson has made a stark prediction about the future of the network's ecosystem, warning that more projects are likely to shut down in the second half of 2026.

The warning comes after two major setbacks for the ecosystem, with Cardano analytics platform TapTools announcing its closure due to rising infrastructure costs and key team departures. JPG Store, the largest NFT marketplace on the network, had previously ceased operations after struggling to maintain viability.

Hoskinson stated that he had warned at the beginning of the year about the potential for several projects to collapse if the ecosystem failed to find new ways to support builders and businesses. He emphasized that smaller projects with limited revenue may face increasing pressure in the current market conditions.