Charles Hoskinson (찰스 호스킨슨) reaffirmed his confidence in Cardano's long-term outlook despite ADA's weak performance.

On July 8, blockchain media outlet Decrypt said he said in a recent livestream that short-term price moves do not determine a project's technical level.

Hoskinson said Cardano has repeatedly seen sharp rises and falls. ADA once traded at $0.025 and rose to $3.10 in 2021 before a steep correction. Responding to criticism that ADA is finished because of its recent slump, he said bitcoin also went through similar climbs and declines. He said a temporary price drop does not negate a blockchain's long-term potential.

Hoskinson stressed that Cardano's competitiveness lies not in its price but in its development philosophy. He said rival projects may be able to copy some features, but it is difficult to replicate an approach that values quality, creativity and research-based innovation. That aligns with his recent criticism that Ethereum adopted the UTXO concept without proper acknowledgment.

He said Cardano has gone through several difficult periods but he has never lost faith in its vision and direction. He previously said his personal assets fell by more than $3 billion due to ADA's sharp drop. He said Cardano can recover from its current low point, regain lost value and ultimately compete at the top of CoinMarketCap's rankings.

Hoskinson also said the crypto industry has entered a more mature phase. He said the era of buying tokens and expecting a 10-fold return overnight has largely passed, and future growth must come from solving real problems. He said blockchain networks need to build useful products, expand ecosystems and prove lasting value to win market recognition.

He cited Midnight as a key example of that vision. He said if Midnight grows into a $10 billion ecosystem, it can prove Cardano can build a major blockchain platform that attracts users, developers and capital. He said the next step would be to build additional ecosystems of a similar scale.

Cardano has also started phase 1 of its RealFi testnet. Participants can test core protocol functions before the mainnet launch. They can swap supported test assets for test USDr, stake it to receive test sUSDr, and use yield and capital-efficiency layers. Asset unstaking is then carried out in an environment that appears to be Cardano's pre-production network.