Is Cardano A Strong Blockchain Platform? Its Creator Thinks So Compared to New Projects

The recent meltdown of Mantra’s OM token has reignited a critical discussion in the crypto space: how strong is Cardano as a blockchain platform compared to newer projects? While flashy upstarts chase hype, Cardano’s creator Charles Hoskinson is standing firm on the long-term stability and security of his project.

A Collapse That Shook the RWA Sector

Mantra, a real-world asset (RWA) focused Layer 1 blockchain, saw its native OM token collapse by 90% in a matter of hours. This event was reminiscent of the infamous LUNA crash, sending shockwaves through the digital asset community. 

The price of OM tumbled from over $6 to just $0.37 without any clear catalyst. While it has since recovered slightly to around $0.71, it's still down more than 92% from its all-time high in February.

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In response, the Mantra team denied any insider dumping, claiming that the drop was “triggered by reckless liquidations” and not a fundamental issue with the platform. Co-founder John Patrick Mullin stressed that team and investor tokens remain locked and that the tokenomics are unchanged.

Cardano Stands Its Ground

In contrast, Cardano continues to showcase its resilience. Charles Hoskinson was quick to point out the irony of critics labeling Cardano a "ghost chain", while the so-called “next big thing” experienced a major meltdown. 

For years, Cardano has faced skepticism regarding its pace of development and perceived lack of activity. However, Hoskinson emphasized that being slow and steady has helped Cardano avoid the traps that new, overhyped blockchain platforms often fall into.

Unlike Mantra, Cardano's blockchain platform is rooted in peer-reviewed research and formal verification, making it one of the most technically sound systems in the crypto ecosystem. Its methodical, academic approach may not grab headlines like meme coins or AI hype tokens, but it has paid off in terms of security and long-term scalability.

Transition to Full Decentralization

One of the recent milestones in the Cardano blockchain platform is its successful shift toward community-driven governance. In January 2025, the Plomin hard fork introduced decentralized governance features, empowering ADA holders with more decision-making authority. This was followed by the introduction of Cardano’s on-chain constitution in February, further proving the project’s commitment to a fully decentralized future.

These upgrades give users greater control and transparency, something that many new blockchains claim to offer, but rarely deliver on consistently.

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Lessons From Mantra’s Fall

The OM token collapse serves as a stark reminder that not all blockchain platforms are built equally. While rapid token launches and flashy partnerships can draw in investors, they don’t guarantee long-term value or system resilience. On the other hand, Cardano continues to invest in infrastructure, governance, and protocol security.

Hoskinson’s response is more than just defense; it's a challenge to the community to reconsider what makes a blockchain platform truly strong. Is it short-term hype and price action, or long-term utility, community trust, and system robustness?

Final Thoughts

In a world where many new blockchain platforms are launched every month, Cardano’s durability stands out. The recent OM debacle may serve as a turning point for investors to reevaluate the importance of transparency, decentralization, and proven technical foundations.

While it may not always be the loudest voice in the room, Cardano continues to prove that strength doesn’t come from hype, it comes from holding firm when others fall apart.

FAQ

What makes Cardano a strong blockchain platform compared to others?

Cardano is built on peer-reviewed academic research and uses formal methods to ensure high security and scalability. Unlike many newer blockchain platforms that prioritize rapid growth and hype, Cardano focuses on long-term reliability, decentralized governance, and transparency. These qualities make it one of the most stable and trustworthy platforms in the crypto space.

How is Cardano different from newer blockchain projects like Mantra?

Cardano emphasizes a methodical, scientific approach to development, while some newer platforms prioritize speed and trend-based features. The recent collapse of Mantra’s OM token highlights the risks associated with such projects. In contrast, Cardano has demonstrated resilience, with a strong community, robust governance model, and proven security infrastructure.

Has Cardano achieved full decentralization?

Yes, Cardano has made significant strides toward full decentralization. In early 2025, the Plomin hard fork introduced decentralized governance features, and the platform later adopted an on-chain constitution. These changes ensure that decisions on the Cardano blockchain platform are made by the community, not centralized entities.