Charles Hoskinson, founder of Cardano, recently debunked a report that criticised the usefulness of the cryptocurrency's blockchain ecosystem.

The report claimed that compared to leading cryptocurrencies such as Bitcoin and Ethereum, Cardano's network has minimal real-world utility.

Despite the high daily transaction rate, the report highlighted that Cardano's native token, ADA, has been underutilised.

Hoskinson rebutted these claims, presenting a contrasting view of Cardano's functionality and influence.