Charles's warning this time is quite severe. If there’s a real crash in the second half of 2026, how much of the Cardano ecosystem will remain? Taptools and JPG Store will collapse first, with a TVL of only 118 million, and ADA drops another 9%. This familiar script is making people anxious.

Charles Hoskinson warns that by the second half of 2026, funding shortages and market weakness could lead to more Cardano projects shutting down. Taptools will cease operations within weeks due to rising infrastructure costs and key member departures; JPG Store also announced closure due to operational difficulties. If the ecosystem cannot provide new support, multiple projects may collapse. Cardano's finance and governance have failed to quickly rescue struggling projects. The current TVL is approximately $118 million, facing new competitors like Aptos and Mantle. ADA has fallen 9% in the past 24 hours, approaching $0.19.