Charles Hoskinson, founder of Cardano, predicts that Lace, a light wallet developed by Input Output, will be a significant force in the Cardano ecosystem by 2025. Lace is gaining traction with users, with more people migrating from Nami to Lace. Input Output acquired Nami in 2023 and integrated its features into Lace, including enhanced security, transaction merging, and easy access to governance. However, there are concerns that Input Output's dominance in the Cardano wallet ecosystem could create a monopoly that may not benefit end users. Currently, Lace is only available as a browser extension, with a mobile app in the works.



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