Cardano Network and its founder Charles Hoskinson have already made their big bet on BitcoinDeFi by revealing the Cardinal Protocol on Monday.
Now, in a bid to expand and penetrate into it further, Charles shared the other line of focus and products he is working on and further developing.
In a recent X livestream, Charles Hoskinson revealed that “I’m building Lace. I’m building Midnight. I’m building Quantum Hosky. I’m building RealFi.” He further said that if these products are successful, they’ll create billions of values for the Cardano ecosystem and onboard billions of users.
Among these, the most aggressive development that the network is leading is for the Lace Wallet and ultimate Bitcoin Defi.
Next Cardano Products Under Focus Radar of Charles Hoskinson
As mentioned above, the product that Cardano is working to tap and develop Bitcoin Defi is the Lace Wallet. It aims to allow users to swap, lend, or stake Bitcoin on dApps. While discussing about the Lace Wallet, Charles Hoskinson further revealed it also provides XRP support.
Though it launched on Cardano mainnet in April 2o23, the wallet is now making continuous strides in adopting BitcoinDefi.
At the recently concluded Bitcoin 2025 Conference, it went multi-chain with experimental Bitcoin support on testnet—paving the way for cross-chain DeFi. The network also aims to launch the Lace Wallet on mobile by this year.
Brandon Wolf, General Manager of Lace Wallet said, “Bitcoin will be launched on the mainnet in the next few months.”
🚨 Missed the Bitcoin Conference last week? No worries, we’ve got you covered.
Our GM, @BrandonWolf, hit the stage and dropped some serious gems on the current state of Lace and where we’re headed next. From BTC support to multichain strategy, there’s a lot packed in, and a few… pic.twitter.com/Ot85I3NBw8
— lace.io (@lace_io) June 2, 2025
Wolf also revealed that the new Cardano office building in Argentina is purely for Lace Wallet. This comes after Charles Hoskinson has prior hinted that, “We’re hiring people for the Lace Wallet, working with Globant on Midnight, and doing the Bitcoin DeFi play with BitVMX.”
Also Read: Cardinal Protocol in Detail
Quantum Hoskey Among the Other Products
Another product that Charles Hoskinson is focusing is the development of Quantum Hosky. Inspired by Hollywood movie Avatar, it aims to onboard million of users to web3. Though it made its teaser last year, the product is still in development.
Charles Hoskinson has described the project as a multi-chain, open Metaverse embedded in a 4 dimensional space. Just like Jake Sully’s Avatar, it is set to integrate elements of time dilation and non-Euclidean geometry as well.
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The last two products that are in further development include Cardano’s side chain Midnight and it’s real financial value building product, RealFi.
Boost for the network?
The products which Charles Hoskinson is currently focusing on building can indeed boost the whole Cardano network. However, he hasn’t specified the time for the completion of upgrades of these products.
Nonetheless, these can surely support the DeFi activity on the network which has otherwise been declining. As per DefiLlama data, Cardano’s DeFi total value locked has declined, from peak of $415 million in May to around $334 million by June 10.
Sneha Agrawal 
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