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Hoskinson claims Cardano operates the largest DAO in crypto industry.
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ADA holders can vote on network options and decide where treasury money goes.
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The Treasury keeps growing with a reduction in transaction fees and block rewards.
Charles Hoskinson has just sparked a new discussion about crypto governance by claiming that Cardano is now the largest DAO (Decentralized Autonomous Organization), in the crypto space. In a recent broadcast, he explained how ADA holders can vote on network decisions and decide where treasury money goes.
Hoskinson claims that Cardano is now the largest DAO in crypto – at least when you consider how many people vote. According to developers, the treasury currently holds 1.65 billion ADA ($429 million) and the community votes on how to spend it.
The treasury continues to grow thanks to a portion of transaction fees and rewards for blocks. This is a long-term investment fund that will allow the ecosystem to continue to innovate and build.
Hoskinson’s claim is related to Cardano entering the final development phase, the Voltaire governance period. In this system, ADA holders are able to propose governance ideas. The community votes on upgrades and expenditure proposals. And treasury money is directed to new projects through voting.
The 2024 Chang hard fork, and the governance upgrades of 2025, made the entire system possible. They pushed more power to the network.
Cardano’s governance structure involves different groups such as delegated representatives (DReps), stakeholders pool operators, and a constitution committee who help vet proposals prior to them going live on-chain.
Cardano Critics
Cardano supporters see it as a leading DAO, but critics claim that it’s behind in real-world usage and on-chain actions. Ali Martinez, for example, notes that the TVL (total locked value) has fluctuated a lot, and never quite caught Ethereum or Solana. He went so far as to call Cardano a useless network.
Some people have noted that DAO voting can be tied to token holdings. This means that whales may end up having more say than anyone else.
Hoskinson, a Cardano developer, recently stated that the real adoption of blockchains will depend on user experience and the actual apps people use. Cardano developers are also working on Midnight, a privacy-focused sidechain that is expected to be released in 2026. This should bring more private transactions to the network.
RelatedCardano AD accepted at 137 SPAR supermarkets in Switzerland
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