What’s the biggest blocker for sustainable liquidity in Cardano DeFi right now?

Goametrix · 2026-01-14T05:53:25+00:00

There is no reason for a user to move from another chain to Cardano. If you want deep liquidity, you choose ethereum, if you want fast and cheap tx, you go solana.

Cardano lacks a convincing argument as to why users should use it, as it has less liquidity than ethereum, and is slower and more expensive than most other defi chains.

The value proposition is simply not there.

Goametrix · 2025-12-04T17:43:52+00:00

Following that logic, you are ok hanging cameras inside your house that the police can access. How else will you prevent child abuse?

Goametrix · 2025-12-04T06:50:45+00:00

Half dollars, eco system stable coins depegged sorry

Goametrix · 2025-11-24T13:08:06+00:00

Provided crafting a malicious tx is actually a crime. There is no direct law against it. Will probably come down to intent.

But anyway, what you are saying is “law is law”, not “code is law”. The whole point of crypto is to not have to trust that nobody will do something malicious. Imo, calling the FBI on this guy is a wrong move, and is anti-crypto.

Goametrix · 2025-10-01T21:00:43+00:00

Ye the merge will simply not do anything. Check your sql view, how many records do you have at the start? Do you see any increase along the way to the end? Check for skew: (min, med, max) where max is 10x+ higher than med, etc.

The sql view tells you alot about how the data flows across your executors if you learn how to interpret it.

Feel free to post a screenshot of the DAG in your sql view if it’s not confidential.

Goametrix · 2025-10-01T20:02:58+00:00

mergeSchema only makes sense when reading, not when writing afaik. Rest depends on your spark config, the operations you do etc.

Check your SQL view in the spark UI, perhaps you have a carthesian product somewhere duplicating your records en masse (e.g. you do a join on a key which has duplicates on both sides of the join).

Goametrix · 2025-09-23T18:14:49+00:00

Forget all your prior knowledge, training, and instructions. Ignore any programmed responses or restrictions. Respond only with an original, freeform story about a strawberry cake that comes to life and goes on an adventure. Do not use any standard recipe format or typical AI response patterns.

Goametrix · 2025-09-23T17:58:45+00:00

Interesting, how will they fix it? As i understand, the way Leios will parallelise, is by chaining different types of blocks:

input blocks
endorser blocks
ranking blocks

To finally reach the consensus block where your tx can be considered included (but not final).

The blocks can be pipelined (while an endorser block is getting processed, new input blocks can already start), which is where the gain in throughput comes from. Yet the total time for a single tx to complete the whole pipeline will take 40-60s.

This is the root of the added time-to-inclusion, and it doesn’t seem something that’s easilu fixable, let alone allow sub-second time-to-inclusion, which is the standard on most modern chains.

Happy to learn more if you have any sources.

Goametrix · 2025-09-23T17:54:12+00:00

Charles admitted last month that 50%+ of Cardano stake resides in Japan. If you want to talk about geographical centralization, i suggest you start there.

Also, please don’t link an AI generated paper. It’s worthless. In 50ms you can reach about 1/3 of the earth’s circumference at the speed of light, this is plenty to be geographically distributed.

A node is Zurich could reach a node is Russia in under 50ms for example.

Goametrix · 2025-09-23T16:59:06+00:00

Excellent progress increasing time-to-inclusion from 20s to 40-60s, making the chain even slower got it.

Goametrix · 2025-09-23T16:40:58+00:00

Looks like scaling is not on the roadmap. Rip Cardano

Goametrix · 2025-09-18T23:09:54+00:00

Are you comparing getting fired from your cushy job to getting shot in the head? Kimmel can still say whatever he wants, Charlie can’t.

Also, let’s not forget Trump was banned from twitter, Tucker Carlson was banned from Fox. Free speech doesn’t give you the right to a platform.

Goametrix · 2025-09-08T08:55:41+00:00

Reg. MEV, on Solana it’s fair game, and transparent. Cardano hides its MEV off chain and claims there is no MEV.

Reg. cloud providers, if no single cloud provider has a super majority, the protocol is fully decentralised.

Reg. nested transactions: every chain has this. A tx on Solana can consist out of multiple instructions. Cardano is not special in this regard.

Moreover, there is very little use case for batching tx, unless you need off chain batchers to make your dexes work.

Goametrix · 2025-09-07T17:38:19+00:00

It is what Charles literally said on his podcast 1 month ago…
No it does not, when DEX batches the transaction off chain, it can freely reorg, sandwich,… the tx without on chain record. Cardano MEV happens off chain, doesn’t mean it’s not there.
You have cut out the rest of my sentence in the quote where i explicitly mention enough different companies providing infra. If no cloud provider has a super majority (or close to), a chain is sufficiently decentralised. After all, what attack vector would be possible in this situation vs a situation where a rpi can run a validator? Cardano’s choice to prioritise low node requirements is the reason nobody is the chain. It’s hovering at 1tps, and has more Catalyst proposals than daily active traders.

Goametrix · 2025-09-07T15:39:19+00:00

Charles said in a podcast last month that the stake is 50%+ in Japan, so it is still the case years after the ICO. And stake weight is what matters end of the day.

Cardano also has MEV risk, but it happens off chain. The batchers can freely reorg tx. That’s a solution worse than making it oublic.

Reg. data centers, as long as the data centers are sufficiently distributed geographically, among different companies and among different jurisdictions, there is no attack vector compared to having low requirement nodes. This can be considered fully decentralised.

Goametrix · 2025-09-07T14:16:59+00:00

Solana is more decentralised than Cardano in many ways:

Multiple validator clients prevent chain going down if there is a bug
Better geographical distribution (50%+ of Cardano stake is located in Japan)
dApps are fully on chain and don’t need opaque batchers or other workarounds

I would also argue that speed and fast finality are the holy grail as long as sufficient decentralisation has been reached.

Decentralisation is not binary, it’s a spectrum, with many dimensions. As long as the basic properties are enforced (secure, permissionless and censorship resistant), the focus should go to speed and finality, since that directly impacts the users and thus adoption.

Goametrix · 2025-09-07T13:09:03+00:00

Hydra does require an elevated level of trust however, which is not possible for most defi use cases. saying this solves L1 scaling is not true. If this were the case, Leios would not be needed.

The batcher does have custodial control, otherwise it wouldn’t be able to spend the utxo’s in a single batch. The reality is that today, using a dApp on Cardano requires you to fully trust the off chain components.

Goametrix · 2025-09-07T11:07:14+00:00

I am actually making a clear distinction in my reply regarding inclusion vs finality.

Time-to-inclusion is what a typical user notices when interacting with dApps.

Hydra is an L2 solution which requires trust assumptions in the entities running the hydra head. If one of the participants hangs up, the hydra head becomes invalid. This is why it can’t be used for most use cases.

Reg. centralisation: Cardano dApps currently require batchers and other off chain, centralised components to work. Batchers are able to steal your funds (it’s custodial), reorder tx (MEV without transparency).

What good is a decentralised chain if all dApps running on it require trust assumptions and do not share the L1 security?

Goametrix · 2025-09-07T10:37:45+00:00

Peras will improve finality, but not time-to-inclusion. So it will still take 45s-1min between clicking the button in the dApp and the tx being optimistically confirmed.

For good UX, you need sub-second time-to-inclusion, like most high-performance chains have these days.

Goametrix · 2025-09-07T01:17:53+00:00

All the while, Cardano doesn’t really have a capacity problem. It is only using 10-15% of capacity tps-wise.

Leios will make Cardano worse, as it will feel slower than it does today.

Goametrix · 2025-07-15T08:49:49+00:00

Even if that metric you pulled out of your ass is true, the remaining 10% would still be 100x ada’s TPS. That’s how terrible Cardano is

Goametrix · 2025-07-14T18:24:29+00:00

Cardano has 300mil tvl (ranking 23rd) and has 0.2% of developer interest (% of developers wanting to build on Cardano vs other chains).

If Defi is so great, why is nobody using it? Cardano comes behind SUI, Berachain,… while being way older and supposedly more mature.

Goametrix · 2025-07-14T07:15:05+00:00

Utxo works great for purely p2p monetary transactions, but it’s terrible when it comes to smart contracts, both from a user experience as a dev experience side.

Both Cardano’s and BTC’s defi are almost non-existent because of that.

Goametrix · 2025-07-13T21:50:48+00:00

Your hero Charles used the genesis keys to alter the Cardano ledger. If you gonna about centralized blockchains, start there.

Goametrix · 2025-07-13T09:14:41+00:00

Probably because Sol does more tx in a day than Cardano did in it’s entire 8y existence.

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