Arthur Hayes, the co-founder and former CEO of BitMEX has made a controversial comment about the Cardano blockchain. Hayes shared an image via social media highlighting the fee generation of various decentralized applications (dApps) and protocols across the crypto ecosystem, questioning the presence and performance of ADA-based applications within this landscape.
Hayes Blasts Cardano As “Dog Shit”
Hayes remarked, “For all you ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, it looks like none of them do. That’s why ADA is dog shit. Charles Hoskinson, pls educate me. Yachtzee.”
The image shared by Hayes is from Token Terminal, a platform that tracks financial performance metrics across different blockchain projects. It displays a bar chart of various crypto projects, ranked by the fees they have accumulated. The projects listed include Kwenta, Gains Network, Aura
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