Is SundaeSwap Really A Fraud? Cardano's Founder Fires Back At DEX Critics

Charles Hoskinson is clearly not letting any Cardano criticism slide these days. The CEO of the Cardano Blockchain has fired back at a popular cryptocurrency commentator, Ran Neuner, who recently critiqued the decentralized exchanges (DEX).

Charles Hoskinson makes a case for DEX’s

Ran Neuner, who is popular for making cryptocurrency related content, had taken to twitter to post his new content, which critiqued some of the least promising digital currencies. “Today we’re going to address some of the most shilled coin’s in the crypto community and why they probably won’t make it.” He tweeted.

In his analysis, he maintains that Cradano’s DEX’s are not efficient, as they cannot carry out quick transactions; a problem that many DEXs in the market face. Hoskinson, in response to the claim, which he considered objectively inaccurate, asked that the thread be spammed with screenshots of live dex transactions.

“Hey @IOHK_Charles, as I said in the video, I am a huge fan and also hold ADA, but which DEX can actually do fast transactions today with reasonable volume. And please don’t say SundaeSwap” replied Neuner.

Hoskinson on the other hand branded Neuners claims as misinformation. He’s quoted on Twitter saying:

“What the hell are you talking about? Dexs on cardano are handling more load today than at the launch of sundaeswap and settlement time is sub minute. Wingriders in particular is running extremely fast. You’re spreading misinformation. I don’t know why. But you are”

SundaeSwap Behind The Scenes

Neuner’s concerns towards SundaeSwap, have also been mirrored by users of the platform, whose criticisms and complains have been numerous. SundaeSwap, the first decentralized application to hit the Cardano network, has underperformed severally. Users who attempted to test the platform after its launch, reported difficulty in transacting.

This was later tracked to network congestion. Although SundaeSwap’s Chief Executive Officer, Mateen Motavaf, insisted that the issue was a result of heavy load on the cardano network, the setbacks continued even after 48 hours. One user revealed that the slow transaction speed cause him to lose $70,000. Another disclosed that he waited over 12 hours to receive his transaction.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Sunil Sharma

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.