Canton

Canton Coin (CC) is the native utility token of Canton, a Layer 1 blockchain that positions itself as a smart contract platform with privacy features. The project describes itself as being designed to reward genuine network usage rather than speculation, directing rewards toward application builders, application users, and those running decentralized infrastructure. In that framing, the intended beneficiaries are developers and end users of applications built on the network, not miners or early investors exclusively.

Canton is classified as a Layer 1 blockchain with smart contract and privacy capabilities, though the stored data does not specify a consensus algorithm. The block time recorded is 0.0 minutes, which may reflect near-instant finality or a data gap rather than a meaningful interval. CC functions as the network's utility token, used to align participation incentives across infrastructure operators, application builders, and users, though the precise on-chain mechanics of fee payment and reward distribution are not detailed in the available data.

Over the trailing 30 days, the protocol recorded fees of 48,857,312 USD, and over the trailing 12 months fees totalled 613,513,201 USD. The take rate for the trailing 30 days stands at 100 percent, meaning the protocol retained all fees generated and none was passed to a supply side such as liquidity providers or validators — supply-side revenue for the same period is recorded as 0. Annualizing the trailing 30-day fee figure produces an annualized fee and revenue figure of 594,430,629.33 USD, and fee growth over the trailing 30 days was 3.9 percent. The fee yield, calculated as annualized fees over market capitalization, sits at approximately 12.13 percent.