Cardano has denied rumors that it has abandoned its expansion project, Hydra

Cardano founder Charles Hoskinson has heard rumors that the Hydra Layer-2 scaling project has been abandoned for the network.

On March 18, the CEO of IOHK took to X to confirm that the developers had not given up on the project.

“I've been seeing some videos that claim Hydra has been abandoned,” he said, adding, “It's pure FUD.”

Hydra, a protocol based on Cardano, was launched in May 2023 and is designed to increase transaction processing capacity and reduce transaction costs on the Cardano blockchain. Seen as part of Cardano's roadmap under “Basho” – it's all about balancing.

However, YouTube channel The Cryptoviser uploaded a video on March 17 saying that Cardano has “moved away from Hydra,” announcing Hoskinson's integration with Hyperledger Firefly, an expansion solution that includes delivering a Web3 technology stack for building and scaling organizations. Applications, by March 13.

“The group has never been more productive and motivated, with great community engagement and new papers on the way to improve the protocol,” Hoskinson told his 980,000 followers on X.

This wasn't the first time Hoskinson had to publicly defend a “FUUD” about Hydra.

In October, Hoskinson released a video outlining Hydra's assets as an operational solution for Cardano, protecting against FUD at network scale, or lack thereof.

At the time, he dismissed criticism of the use of scores, saying, “Cardano is not a TPS system. It is a trading system.

He added that Hydra has “copied a bit” and made middleware for developers to build decentralized applications (DApps) for Cardano.

Related: Cardano finally gets fiat-backed stablecoin USDM after big delays

Hoskinson went on the defense again on March 18, against what he called a “wave of FUD” about his partnership with digital identity platform WorldMobile and its display roadmap.

“Man, it's raining FUD this weekend, and I'm not sure where it's coming from. I guess it's that time of the cycle where everyone gets excited about Cardano's capabilities and roadmap, so they throw a wave of FUD at us.

Cardano has achieved total value locked (TVL) in decentralized finance (DeFi) this year, a figure that reached a record high of $520 million on March 14, according to Defillama.

However, the network remains behind its competitors Ethereum, Tron, BBN Smart Chain and Solana, which have TVL of $72 billion among them.

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