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Hoskinson Urges Investors to Go Long on Cardano DEXes Amid Growing Interest in NIGHT Token

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Charles Hoskinson, founder of Cardano, has urged investors to consider long-term positions in Cardano-based DEXes, predicting they could '100x' over time. His remarks came after a spike in trading for the Midnight (token) NIGHT, which saw $4.2 billion in daily volume on centralized exchanges versus $4.3 million on Cardano DEXes. Hoskinson pointed out that the DeFi space on Cardano remains undervalued and in early development. He highlighted the need for stablecoins and blockchain bridges to support growth. With these tools, he believes DEX activity could expand quickly.
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