Cardano Just Took Another Major Hit Amid Zombie Chain Allegations

bitcoinistPubblicato 2026-06-05Pubblicato ultima volta 2026-06-05

Introduzione

Cardano analytics platform TapTools announced it is shutting down within two weeks, citing a loss of key technical leadership and unsustainable operational costs. This major blow to the ADA ecosystem occurs amid allegations of Cardano being a "zombie chain" with low activity. Data shows ADA's DeFi TVL has dropped to just above $100 million, with the token price crashing to a five-year low near $0.16. Cardano founder Charles Hoskinson commented on the challenging market conditions, noting his proposal to use treasury funds to help projects was rejected by the community. He warned of more potential failures in the network's DeFi ecosystem in the coming months.

Cardano analytics platform TapTools has announced that it is shutting down, providing a major blow to the ADA ecosystem. This comes amid allegations that the network is a ‘Zombie Chain’ with low user activity.

Cardano’s TapTools Announces It Is Winding Down

In an X post, TapTools announced that they are preparing to wind down their operations within the next two weeks. The Cardano platform cited a leadership issue as the reason for this decision, noting that two of its co-founders, the CTO and COO, departed earlier this year. Following that, their backend developer stepped into the role of CTO but has now also departed the firm.

TapTools said the technical knowledge to “responsibly operate” and maintain the platform cannot be replaced overnight, which has prompted this decision to wind down. The analytics platform is notably one of the most prominent projects in the Cardano ecosystem, serving over a million users.

Meanwhile, the platform revealed that the economics of running their operations remain challenging, citing infrastructure, development, and support costs. They added that operating a platform that supports the ecosystem at scale is expensive. This comes as the bear market puts pressure on crypto projects.

The Cardano price recently crashed to a five-year low, further sparking bearish sentiments. ADA is now down over almost 50% year-to-date (YTD) and has dropped out of the top 10 cryptos by market cap, currently at 15th. TapTools’ decision to wind down also comes amid allegations of Cardano being a zombie chain.

DeFiLlama data shows that ADA’s DeFi total value locked has dropped 15% to just above $100 million. The top five protocols on the network have also seen their TVL drop over 10% in the last seven days, signaling a significant drop in network activity.

Cardano Founder Comments On TapTools’ Winding Down

In an X broadcast, Cardano founder Charles Hoskinson admitted there will be a “wave of failures,” with several projects winding down due to current market conditions. He cited his proposal to use treasury funds to help struggling projects, which was voted down. Hoskinson said there doesn’t seem to be any desire within the ADA community to take Cardano projects to the next level, given that his proposal was rejected.

The Cardano founder warned that the second half of the year will likely be tough for the network as more decentralized applications in their DeFi ecosystem fade away. He further remarked that he is not sure what role he can play in resolving this, as he keeps being criticized for being responsible for the collapse of the ADA price. Hoskinson noted that he doesn’t have any special powers within the ecosystem that would allow him to make any unilateral decisions.

At the time of writing, the Cardano price is trading at around $0.16, down over 16% today, according to data from CoinMarketCap.

ADA trading at $0.16 on the 1D chart | Source: ADAUSDT on Tradingview.com

Crypto di tendenza

CitreaCTR

wrapped stUSDTWSTUSDT

Domande pertinenti

QWhy is Cardano's TapTools platform shutting down?

ATapTools is shutting down due to a combination of leadership issues, including the departure of its co-founders and subsequent CTO, and the inability to replace the technical knowledge needed to operate the platform. Challenging economics, including high infrastructure, development, and support costs in a bear market, also contributed to the decision.

QWhat is the 'Zombie Chain' allegation mentioned in the article about Cardano?

AThe 'Zombie Chain' allegation refers to claims that the Cardano network has low user activity. This is supported by data showing a significant drop in its DeFi Total Value Locked (TVL) and declining activity in its top protocols.

QHow has Charles Hoskinson, Cardano's founder, responded to the situation with TapTools?

ACharles Hoskinson stated that a 'wave of failures' is expected in the current market. He expressed frustration that his proposal to use treasury funds to help struggling projects was voted down by the community, indicating a lack of collective desire to support projects. He warned of a tough second half of the year for Cardano's DeFi ecosystem.

QWhat is the current state of Cardano's price and market position according to the article?

AAt the time of writing, Cardano (ADA) is trading around $0.16, down over 16% for the day and nearly 50% year-to-date. It has fallen to the 15th position by market cap, dropping out of the top 10 cryptocurrencies.

QWhat does the data from DeFiLlama indicate about the Cardano ecosystem?

AData from DeFiLlama shows that Cardano's DeFi Total Value Locked (TVL) has dropped by 15% to just over $100 million. Furthermore, the TVL of the network's top five protocols has decreased by over 10% in the past week, signaling a significant decline in network activity.

Letture associate

Ethereum down 45% YTD – So why do SharpLink and whales keep buying?

Despite Ethereum (ETH) being down 20-45% year-to-date amid broader crypto weakness, institutional and whale buying activity suggests growing long-term conviction. SharpLink, after an eight-month pause, purchased 5,000 ETH and later added $45.54 million in LSETH, increasing its total holdings significantly despite substantial unrealized losses. Similarly, a new whale wallet accumulated over 18,000 ETH worth $28.9 million in nine days, indicating strategic positioning for future price movements rather than short-term trading. However, this accumulation contrasts with spot Ethereum ETFs, which saw net outflows of $12.85 million recently, highlighting a divergence between direct treasury/whale buyers and ETF investors. While the persistent buying from these large holders may gradually ease selling pressure, a sustained recovery for Ethereum still depends on a reversal in ETF flows and a broader improvement in network demand and market sentiment.

ambcrypto2 h fa

Ethereum down 45% YTD – So why do SharpLink and whales keep buying?

ambcrypto2 h fa

Just now, DeepSeek V4 updates with DSpark, improving inference speed by 80%

DeepSeek has updated its DeepSeek V4 model with the DSpark speculative decoding framework, achieving a significant 60-85% speedup in generation for Flash models and 57-78% for Pro models while maintaining the same overall throughput. This engineering-focused update, rather than a core architectural change, introduces DSpark to address latency and throughput bottlenecks in high-concurrency production environments. DSpark combines high-throughput parallel generation with adaptive load-aware verification. Its key innovations include a semi-autoregressive generation architecture to model dependencies within token blocks and a hardware-aware confidence-scheduled verification system. This system uses a confidence head to predict token acceptance probabilities, allowing it to dynamically optimize verification length per request and allocate compute only to tokens with the highest expected payoff. The asynchronous scheduler is designed for real-world deployment, ensuring zero-overhead scheduling and continuous CUDA graph replay while preserving the target model's output distribution. In tests across mathematical reasoning, code generation, and daily dialogue, DSpark outperformed state-of-the-art models like Eagle3 and DFlash, increasing average acceptance length by 26.7%-30.9% and 16.3%-18.4% respectively on Qwen3 target models. DeepSeek also open-sourced DeepSpec, a full-stack codebase for training and evaluating speculative decoding draft models, providing a standardized toolkit that includes data preparation tools, model implementations, training code, and evaluation scripts.

marsbit3 h fa

Just now, DeepSeek V4 updates with DSpark, improving inference speed by 80%

marsbit3 h fa

Can Aavenomics 3.0 sustain AAVE’s recovery rally amid Kraken buyout talks?

Aave Labs CEO Stani Kulechov has dismissed reports of a potential stake sale to Kraken, clarifying that Aave would not sell at a significant discount. He highlighted Aave's substantial annualized revenue and its focus on a broad financial market. Kulechov also announced plans for Aavenomics 3.0, featuring a new automated buyback mechanism. Following these updates, the AAVE token price surged 12%, extending its June recovery rally to over 50% from its recent lows. The rally is partly attributed to reduced selling pressure and positive sentiment from the announced tokenomics plan, despite the token remaining significantly below its all-time high.

ambcrypto4 h fa

Can Aavenomics 3.0 sustain AAVE’s recovery rally amid Kraken buyout talks?

ambcrypto4 h fa

BIT Research: The 2028 Halving Is Not the End, the Real Shake-Up of the Bitcoin Mining Industry Is Just Beginning

The Bitcoin mining industry is undergoing its most complex structural adjustment since inception. Despite Bitcoin's price holding near $61,000 and the network hash rate approaching a record 1 ZH/s, miner profitability is deteriorating. The industry is operating close to its breakeven point, with the 2028 halving expected to accelerate consolidation. The challenges extend beyond the halving's subsidy reduction; the industry's revenue model has yet to successfully transition towards a fee-driven structure. Increasingly, mining companies are evolving from simple Bitcoin producers into infrastructure and energy operators, including providers of AI/HPC computing power. Competition is shifting from pure hash rate expansion to business model upgrades. Economic pressure is evident. The theoretical daily mining revenue at current prices is around $78 million, yet the actual figure is only about $33 million—a 136% gap. Transaction fees remain low at roughly $220k daily, far below historical implied levels. With a current estimated industry-wide breakeven price near $65,000, mining alone is struggling to generate ideal profits. The 2028 halving is projected to push the fundamental production cost floor to approximately $93,289. This will likely accelerate a shift towards consolidation among larger, well-capitalized miners with diversified revenue streams. Competitive advantage will belong to institutionalized players with access to low-cost energy, AI/HPC hosting operations, and stronger balance sheets. In essence, Bitcoin mining is transitioning from a "mining business" to an "infrastructure business." Future profitability and resilience will depend less on block rewards and more on diversified income sources like energy management and computational infrastructure services. For investors, the key question is not the halving itself, but which miners can successfully navigate this business model transformation.

marsbit4 h fa

BIT Research: The 2028 Halving Is Not the End, the Real Shake-Up of the Bitcoin Mining Industry Is Just Beginning

marsbit4 h fa

This is How God Karpathy Uses Claude?

Andrej Karpathy, a prominent figure in AI, has reportedly joined Anthropic, leading to a noticeable decrease in his open-source contributions and social media activity. A document claiming to be his personal "CLAUDE.md" file—a set of instructions for the Claude AI to follow within a specific codebase—has been circulating online. While its authenticity is unverified, the content aligns closely with Karpathy's publicly shared principles on effective AI-assisted programming. The document outlines key rules for AI coding assistants, emphasizing the importance of reading existing code thoroughly before writing new code to maintain consistency. It advises against over-engineering, advocating for simple, surgical modifications that match the project's existing style. Other guidelines include clarifying assumptions upfront, writing meaningful tests, thoughtful debugging, and carefully considering dependencies. The core message is that these principles help prevent common AI coding failures, such as introducing unnecessary abstractions, style drift, or making invisible architectural decisions. The community has noted that even experts like Karpathy require detailed instructions to guide AI effectively, akin to managing a junior developer. A related GitHub repository, "andrej-karpathy-skills," which encapsulates these ideas, is reported to significantly reduce Claude's code error rate. Ultimately, the advice stresses that the best CLAUDE.md is tailored to one's own tech stack and coding practices.

marsbit4 h fa

marsbit4 h fa

Trading

Spot

Articoli Popolari

Come comprare ADA

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Cardano (ADA) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente CardanoADA.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Cardano (ADA)Dopo aver acquistato Cardano (ADA), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Cardano (ADA)Scambia facilmente Cardano (ADA) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

1.3k Totale visualizzazioniPubblicato il 2024.12.10Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di ADA ADA sono presentate come di seguito.