Hoskinson reveals new code for Cardano, but $63M TVL exposes a gap

Cardano founder Charles Hoskinson announced he is developing a new programming language with Input Output Global developer Lucas Rosa, supporting intent-based transactions and proof-carrying data via Groth16 cryptographic proofs. The disclosure comes as Cardano's total value locked sits at roughly $63 million, a figure the article frames as exposing a gap in commercial demand ahead of a pivotal test. For traders, the technical roadmap is a long-horizon development signal rather than a near-term catalyst, and the modest TVL underscores weak on-chain activity relative to peers.