{"id":93576,"date":"2025-09-03T21:00:44","date_gmt":"2025-09-03T21:00:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=93576"},"modified":"2025-09-03T21:00:44","modified_gmt":"2025-09-03T21:00:44","slug":"cardano-founder-says-chainlink-quoted-them-an-absurd-price-heres-why","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=93576","title":{"rendered":"Cardano Founder Says Chainlink Quoted Them An \u2018Absurd Price\u2019, Here\u2019s Why"},"content":{"rendered":"

Cardano\u2019s founder, Charles Hoskinson, has clarified why the blockchain platform was excluded from a prominent US government initiative meant to publish official economic data<\/a> on public blockchains. Blockchain networks like Ethereum, Solana, Avalanche, and Optimism made the cut; Cardano didn\u2019t. Hoskinson revealed during a YouTube AMA that the reason wasn\u2019t technical or regulatory, but it was grounded in economics. Specifically, he said the integration fee quoted by Oracle specialist Chainlink was absurd, which made Cardano\u2019s participation really unfeasible.<\/p>\n

Chainlink\u2019s Absurd Fee<\/h2>\n

As one of the biggest blockchain ecosystems, <\/a>Cardano\u2019s inability to participate in the US government\u2019s recent blockchain initiative to bring macroeconomic data onto the blockchain took many crypto participants by surprise. However, while speaking at a recent surprise AMA on<\/a> his YouTube channel, Cardano founder Charles Hoskinson says the reason boils down to money.<\/a>\u00a0<\/p>\n

According to Hoskinson, the main reason was due to its pending partnership with Chainlink\u2019s oracle integration, which is yet to be finalised because of the absurd fee charged by Chainlink. Hoskinson did not shy away from strong language: \u201cThey gave us an absurd number for integration. I said \u2018f\u2013 it, we\u2019ll handle it. We\u2019ll figure it out,’\u201d he said.<\/p>\n

Despite the frustration, he tempered his critique with respect. He described Chainlink co-founder Sergey Nazarov as \u201cextremely smart\u201d and \u201ca very good businessman\u201d, someone who \u201csees the future\u201d and, in Hoskinson\u2019s words, is \u201csitting on a golden egg\u201d.\u00a0<\/p>\n

Chainlink\u2019s oracle solutions are very important for connecting smart contracts to real-world data. As such, Hoskinson\u2019s metaphor acknowledges Chainlink\u2019s powerful position in the blockchain ecosystem.\u00a0<\/p>\n

How It Stalls Cardano\u2019s DeFi Growth<\/h2>\n

Without a cost-effective oracle integration, Cardano\u2019s decentralized finance landscape has struggled to keep pace with other blockchain ecosystems. To put this into perspective, Ethereum\u2019s integration with Chainlink has allowed large inflows into its DeFi ecosystem, with about $13.4 billion in Total Value Locked (TVL) added from between August 2 ($78.222 billion) and August 31 ($91.595 billion), according to data from DeFiLlama.<\/a><\/p>\n

Meanwhile, Cardano\u2019s TVL broke below $400 million in August, and daily active addresses have also fallen massively. At the time of writing, Cardano\u2019s TVL is sitting at $367.91 million. The result is a disconnect between Cardano\u2019s on-chain activity and ADA\u2019s price action, which witnessed a steady increase in August <\/a>alongside the rest of the crypto market.<\/p>\n

Nonetheless, Hoskinson is still optimistic. Talks with Chainlink are ongoing, and he\u2019s determined to find common ground <\/a>with Chainlink. He also revealed discussions with the team behind the USD1 stablecoin and hinted at potential collaboration with Aave, which he described as part of a bundle. If USD1 (already launched on Ethereum, BNB, and Tron) comes to Cardano, it could become the ecosystem\u2019s largest stablecoin. Combine that with oracle access <\/a>and lending support from Chainlink, and Cardano could strengthen its DeFi foundations significantly.<\/p>\n

At the time of writing, Cardano is trading at $0.8307, up by 1.1% in the past 24 hours.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano\u2019s founder, Charles Hoskinson, has clarified why the blockchain platform was excluded from a prominent US government initiative meant to publish official economic data on public blockchains. Blockchain networks like Ethereum, Solana, Avalanche, and Optimism made the cut; Cardano didn\u2019t. Hoskinson revealed during a YouTube AMA that the reason wasn\u2019t technical or regulatory, but it […]<\/p>\n","protected":false},"author":0,"featured_media":93577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93576"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93576"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93577"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}