PANews reported on June 3rd that, according to The Block, Cardano founder Charles Hoskinson responded to the announcement of the gradual closure of TapTools, the data analytics and infrastructure platform for the Cardano ecosystem . He stated that TapTools is another loss for the ecosystem after JPG Store, and warned of a potential "wave of failures," predicting more project closures, DeFi shutdowns, and industry consolidation in the second half of the year. He indicated that some older projects no longer have investment value, resources to support struggling projects are limited, and he lacks direct control over ecosystem funding decisions and treasury allocation.