Cardano Hasn’t Had Much Of An Impact, Says Mark Cuban

Cardano hasn’t had much of an impact according to billionaire Mark Cuban. The multibillionaire businessman thinks Cardano is still not a popular cryptocurrency because of its small amount of transactions, among other factors.

In a recent interview, businessman Mark Cuban claimed that when it comes to having an impact on the cryptocurrency sector, Cardano “is just not there yet.”

According to Cuban, Cardano is not there

The Dallas Mavericks‘ billionaire owner slammed Cardano from a commercial standpoint in an interview with Altcoin Daily.

Inferring that the chain has fallen short of expectations, Cuban stated, “there’s gotta be a there, there,” using the same criteria he uses for company proposals on Shark Tank.

Cuban defended this claim by saying that for him, the quantity of transactions serves as a “bellwether” of success. And when compared to other, more well-known chains, Cardano falls short on this metric.

“You can go to Coin Metrics, you can go to all these different places and look for transactions, and I guess the people in Africa are not using it as much as they expected because you don’t see the transactions, you don’t see the fees…”

Data from Messari shows that daily Cardano transactions for the previous month ranged from 52,900 to 93,409. In contrast, Bitcoin’s fluctuated between 198,306 and 283,820 throughout the same time period.

Cuban noted that despite the fact that smart contracts have been operational for a year, he has not yet seen Cardano rise to the occasion and have an influence.

“I just don’t see where Cardano has had much of an impact at all. They got their smart contracts a year ago, and that was going to be the inflection point. Inflect away Cardano. I just have not seen it.”

The possibility still exists, though, for the next great dApp to be released on Cardano and require users to purchase ADA in order to access it.

Cuban responded, “Where’s your revenue,” when asked what advice he would give Charles Hoskinson if he appeared on Shark Tank.

Because “just because it’s crypto doesn’t mean you don’t need revenues,” billionaire Mark Cuban said, he would pose that query. He also stated:

“No  matter what you do, no matter what you say, no matter how you position it, no matter what your market cap is, there has to be some there, there.”

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