Canton NetworkCC

Canton Network generated $464.8M in gross revenue from Jul 2024 to Jun 2026 (712 days), with $464.8M retained as net revenue. $464.8M accrued to CC token holders. Its primary token utilities include Network Security, Staking Rewards, Gas Token, Service Payments, and Other.

This averages $$652.9K in daily gross revenue across the tracked period.

CC accrues value through 1 mechanism: Direct Token Burn.

• Direct Token Burn: All Global Synchronizer fees (traffic, transfer, base, holding, lock) are denominated in USD and burned directly by the user submitting the transaction. Fees are not paid to validators, applications, or any treasury — they are removed from circulation at the moment of transaction. This is the sole mechanism of the burn-mint equilibrium, with the protocol targeting 2.5B CC burned per year at steady state to offset 2.5B CC minted per year (post-year-10).

Yes, Canton Network burns or redistributes CC tokens via Direct Token Burn. In 2026, approximately $350.9M worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

• 2026: $350.9M
• 2025: $113.8M
• 2024: $127.7K

CC serves 5 primary functions within the Canton Network ecosystem: Network Security, Staking Rewards, Gas Token, Service Payments, and Other. The protocol generates fees from user activity, with a portion distributed back to CC holders. Value flows back to token holders through Direct Token Burn.

Token utilities:

• Network Security: Super Validators run BFT consensus on every Canton Coin transfer (⅔-majority threshold). Per CIP-0105 (approved March 2 2026), SVs may voluntarily lock a percentage of their aggregate lifetime earned CC rewards to maintain forward 'SV Weight' — the higher the lock, the higher the governance/reward weight (Tier 1 = 70% locked). Participation is voluntary; non-participants earn proportionally reduced or zero forward weight.
• Staking Rewards: Per the minting curve, Super Validators earn a declining share of new CC emissions for running the Global Synchronizer (80% → 48% → 20% → 10% → 5% across phases). Validators earn an increasing share for running participant nodes that process transactions (5% → 12% → 18% → 21% → 20%). Distribution per round (every 10 minutes) is proportional to activity-record weights. Validator liveness rewards (passive uptime compensation) are being phased out per CIP-0096 with full removal scheduled April 30 2026.
• Gas Token: All Global Synchronizer fees are paid in Canton Coin (denominated in USD, settled at the on-chain median conversion rate updated each minting round). Fee structure includes percentage transfer fees (1% on first $100, 0.1% to $1k, 0.01% to $1M, 0.001% above), $0.03 per output base transfer fee, $1/year per UTXO holding fee, $0.005 per lock holder fee, and Synchronizer traffic fees of $17/MB beyond the free tier.
• Service Payments: Application providers may optionally denominate their own service fees in Canton Coin (e.g., the Canton Name Service operated by Super Validators charges its application fees in CC). This is distinct from infrastructure traffic fees and is at each application's discretion.
• Other: Governance is exercised exclusively by Super Validators via ⅔ BFT supermajority vote (not by general token holders). All protocol parameters — minting curve, fees, active SV set, protocol upgrades — are subject to SV majority. Per CIP-0105, SV voting weight scales with the percentage of lifetime-earned rewards each SV chooses to lock on-chain. Changes are formalized through the Canton Improvement Proposal (CIP) process maintained at github.com/canton-foundation/cips.

Value accrual mechanisms:

• Direct Token Burn: All Global Synchronizer fees (traffic, transfer, base, holding, lock) are denominated in USD and burned directly by the user submitting the transaction. Fees are not paid to validators, applications, or any treasury — they are removed from circulation at the moment of transaction. This is the sole mechanism of the burn-mint equilibrium, with the protocol targeting 2.5B CC burned per year at steady state to offset 2.5B CC minted per year (post-year-10).

In 2026, Canton Network generated $350.9M in gross revenue. Of that, $350.9M was distributed to token holders.

Year-by-year revenue breakdown:

• 2026: $350.9M gross revenue — $350.9M to holders
• 2025: $113.8M gross revenue — $113.8M to holders
• 2024: $127.7K gross revenue — $127.7K to holders

Canton Network's gross revenue has increased by 11.7% over the past 90 days compared to the prior 90-day period, from $170.5M to $190.5M.

• Recent 90d daily average: $2.1M/day
• Prior 90d daily average: $1.9M/day