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Charles Hoskinson Suggests Proof-of-Burn Cardano Launch as TapTools Plans to Wind Down

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2026-06-05 19:09:51
Charles Hoskinson raised the possibility of a new Cardano launch using a proof-of-burn approach after TapTools said it would wind down operations over the next two weeks.

According to NS3.AI, Hoskinson also said more Cardano decentralized finance (DeFi) applications may shut down this year.

DeFiLlama data showed Cardano’s total value locked was about $115 million.
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