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Most Influential 2021: Charles Hoskinson
Cardano’s founder brought smart contracts to one of the largest “Ethereum killers” this year.
By CoinDesk
Updated May 11, 2023, 6:26 p.m. Published Dec 8, 2021, 5:24 p.m.
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Just like his co-founder Gavin Wood, Charles Hoskinson went on to do his own thing after developing Ethereum. With Cardano, which hit an all-time high in August this year and currently stands at a $44 billion market capitalization, Hoskinson aimed to develop a more scalable, secure and efficient alternative to Ethereum. Cardano was at some point the “third coin” in cryptocurrency, the rotating coin that is the third biggest by market capitalization after bitcoin and ethereum and thus, in some respects, the one that competes most closely with them.
The Complete List: CoinDesk’s Most Influential 2021
Ardana, a stablecoin and lending hub built on Cardano, recently raised $10 million to build a cross-chain bridge between Cardano and Near protocol. But Hoskinson’s greatest accomplishment might be bringing smart contract functionality to Cardano.
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DeFi risk management giant Gauntlet sees $380 million exit as OKX crypto campaign ends
Gauntlet noted that deposits are now back to same levels before the campaign, and has navigated large capital swings before due to incentive campaign endings, airdrops, and shifts in market conditions which regularly produce short-period swings in either direction.
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- Gauntlet's TVL dropped 22.84% over seven days, erasing roughly $380 million in value, with the primary driver being the end of OKX's pre-deposit campaign on Katana rather than broader market stress — the outflows are predominantly stablecoins rotating out of incentive-driven vaults.
- Despite the sharp number, Gauntlet says the swing is consistent with normal incentive cycle dynamics, pointing to a similar $775 million single-transaction deposit in October 2025 that fully recovered within ten days as evidence that the firm has navigated large capital movements before.
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