Midnight

DeFi

Founder

Cardano

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Cardano founder Charles Hoskinson (<a href="https://x.com/IOHK_Charles" rel="noopener noreferrer nofollow">@IOHK_Charles</a>) has said he is not leaving the project, after remarks about the network's roadmap prompted speculation about his future. Hoskinson went live on Friday to address the talk, saying Input Output is moving "from building Cardano to building on Cardano."
<h2 id="roadmap-comments-prompted-exit-speculation">Roadmap Comments Prompted Exit Speculation</h2>
The exit talk followed a YouTube AMA held on Saturday, Nov. 7. Hoskinson said the Cardano "roadmap is complete" and that everything he said would be built has finished. He made the comments while arguing with unhappy investors, with ADA about 94% below its 2021 high, according to Decrypt data.
In Friday's stream, Hoskinson said the roadmap is not being abandoned. According to him, it continues under dozens of firms that <a href="https://x.com/IOGroup" rel="noopener noreferrer nofollow">@IOGroup</a> spent more than two years preparing, and Leios, the coming scaling upgrade, is the last piece his company is responsible for. Leios is built to raise the number of transactions Cardano can process. <a href="https://www.tokenpost.com/news/technology/34123" rel="noopener noreferrer nofollow">TokenPost reports</a> that its public testnet began on June 23 and that mainnet rollout is targeted for before the end of 2026. It is not live on mainnet.
<h2 id="midnight-takes-centre-stage-adoption-question-remains">Midnight Takes Centre Stage, Adoption Question Remains</h2>
Hoskinson's focus is now <a href="https://x.com/MidnightNtwrk" rel="noopener noreferrer nofollow">@MidnightNtwrk</a>, which he expects to bring new users and volume to Cardano. He made the same case during the Nov. 7 AMA. "What I can do is build on Cardano and through building on Cardano bring people in," he said then, naming RealFi, Pogun and Midnight, and adding that these projects should not be seen as distractions from Cardano.
The criticism is not new. In Friday's stream, Hoskinson said critics judge Cardano by its DeFi volume, total value locked and transaction counts, and that some reject Midnight as a Cardano project. He answered that all of the NIGHT supply sits on Cardano.
On weak adoption, Hoskinson said that job, and its funding, went to the Cardano Foundation and Emurgo from the start. He urged <a href="https://x.com/search?q=%24ADA&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$ADA</a> holders to use their vote in Cardano's on-chain governance.
The change in role is not new. In a June interview with The Defiant, Cardano Foundation CEO Frederik Gregaard said Hoskinson had moved from founder and CTO of the whole project to one contributor among many, while remaining a "large thought leader."
Sources
<ul>
 <li><a href="https://decrypt.co/383221/roadmap-is-complete-cardano-founder-charles-hoskinson-says" rel="noopener noreferrer nofollow">Decrypt: 'Roadmap is Complete,' Cardano Founder Charles Hoskinson Says</a></li>
 <li><a href="https://thedefiant.io/news/blockchains/exclusive-cardano-foundation-recasts-itself-as-active-adoption-driver-as-hoskinson-pulls-back" rel="noopener noreferrer nofollow">The Defiant: Cardano Foundation Recasts Itself as Active Adoption Driver as Hoskinson Pulls Back</a></li>
 <li><a href="https://www.tokenpost.com/news/technology/34123" rel="noopener noreferrer nofollow">TokenPost: Cardano's Leios Upgrade Stays on Testnet With a 2026 Mainnet Target</a></li>
</ul>
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Charles Hoskinson Says He Is Not Leaving Cardano as Input Output Shifts Focus to Midnight

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