The abandonment of Hydra is “just pure FUD,” co-founder of Cardano Charles Hoskinson stated in a post on X. Co-founder of Cardano Charles Hoskinson has dispelled reports that the company has given up on its Hydra layer-2 scaling project for the network.

The CEO of IOHK posted on X on March 18 to reaffirm that the project’s developers were still working on it.

He began, “It’s just pure FUD. “I see some videos claiming they have abandoned Hydra.”

Screenshot of X post from Charles Hoskinson. Source: @IOHK_Charles on X

Launched in May 2023. The Cardano-based protocol Hydra aims to lower transaction costs and increase the capacity of transaction processing on the Cardano blockchain. It is believed to be a part of Cardano’s “Basho” roadmap, which focuses entirely on scaling.

Charles Hoskinson refuted rumors that Cardano abandoned the Hydra project, highlighted by a recent video. He emphasized on X that the team remains highly motivated, with ongoing community engagement and upcoming protocol enhancements. Previously, Hoskinson addressed scalability FUD, praising Hydra as a pivotal scaling solution for Cardano in a video.

He went on to say that Hydra has “pivoted a little” and created middleware that allowed programmers to create decentralized apps (DApps) for Cardano.

On March 18 Hoskinson went on the defensive once more, criticizing a “wave of FUD” regarding. Its scaling roadmap and partnership with digital ID platform World Mobile.

“Man, it’s raining FUD this weekend, and I’m not sure about the origin. I guess it’s that time of the cycle where everyone freaks out about Cardano’s potential and roadmap, so they throw a wave of FUD at us.”

DefiLlama reports that Cardano has experienced growth in its total value locked (TVL) for decentralized finance (DeFi) this year. With the amount reaching an all-time high of $520 million on March 14.

The network is still far behind its rivals, Who together have a TVL of $72 billion: Ethereum, Tron, BNB Smart Chain, and Solana.