According to Gate News Bot, on December 9, CoinMarketCap data shows that as of press time, CC (Canton) is trading at $0.08, up 21.14% in the past 24 hours, reaching a high of $0.08 and a low of $0.06. The current market capitalization is approximately $2.724 billion, an increase of $475 million compared to yesterday.
Canton is a network that integrates the power of capital markets with the real-world value of blockchain. The Canton Foundation ensures fair governance and oversight of the Global Synchronizer, a decentralized infrastructure connecting all parts of the Canton network. The network currently has 37 super validator nodes and 622 validator nodes, with daily transaction fees around $793,000 and a circulating supply of 3.59 billion tokens. The Canton ecosystem brings together renowned financial institutions including 5North, Broadridge, Digital Asset, Euroclear, and Tradeweb, providing a variety of applications such as blockchain explorers, cross-chain bridges, custodial wallets, DeFi services, and real-world asset tokenization. On December 10, at 9:00 AM EST (UTC 14:00), Canton Network launched a major mainnet upgrade.
Recent Key News about CC:
1️⃣ Development Team’s Financing Progress Bolsters Ecosystem Confidence
Digital Asset Holdings completed a new $50 million funding round in early December, with a strong lineup of investors including BNY Mellon, Nasdaq, S&P Global, and other top global financial institutions. This follows an earlier $135 million funding round this year, reflecting the continued optimism of traditional financial giants about Canton Network’s prospects in asset tokenization and financial transaction processing.
2️⃣ Increased Institutional Adoption Demonstrates Commercial Value Realization
Multiple top global financial institutions, including Goldman Sachs and Tradeweb Markets, have adopted Canton Network in practical applications, with some also participating in the management of its Global Synchronizer Foundation. Wall Street banks and trading firms have used Canton Network to conduct digital dollar U.S. Treasury transactions on Saturdays, fully illustrating that the network has evolved from a technical concept to actual commercial use.
3️⃣ Mainnet Upgrade Drives Long-term Growth Expectations
Canton Network launched a major mainnet upgrade on December 10. This technical iteration, combined with positive signals from institutional funding and real-world application, has fueled market expectations for enhanced network functionality and ecosystem expansion, providing fundamental support for the token’s price increase.
This information is not investment advice. Please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Market panic too much? MicroStrategy founder: Bitcoin has hit bottom, quantum threats are unfounded worry
Michael Saylor asserts that Bitcoin has already finished bottoming out at $60k, and believes concerns about threats from quantum computers are overstated. He predicts that in the future, Bitcoin will become the core of a digital credit system, and also noted that there is limited selling pressure in the market, which could drive a new bull cycle. Mizuho has a positive assessment of its company’s future performance.
CryptoCity2h ago
XRP CLARITY Act Vote in Focus as XRP Holds $1.34 and Senate Returns April 13
XRP is trading at $1.34 as traders await the Senate's action on the XRP CLARITY Act, with potential for significant ETF inflows. The Banking Committee's markup is expected in late April, crucial for defining XRP’s regulatory status.
Cryptonews3h ago
Bitcoin Price Update: BTC Jumps to $72,400 After March Inflation Comes in Softer Than Expected
Bitcoin moved from $72,000 to $72,400 on April 10 after March core CPI printed below expectations, giving crypto bulls a short-lived reprieve from months of sustained macro pressure.
Summary
March core CPI rose just 0.2%, below the 0.3% consensus forecast, while headline CPI climbed 0.9% on
Cryptonews3h ago
Bitmine Chairman Tom Lee: The market may have already bottomed out; I recommend focusing on the leading assets since the outbreak of hostilities
Bitmine chairman Tom Lee said on the X platform that although there are still doubts in the market, there are signs that the bottom has already formed. He is bullish on Ethereum and related assets and believes crypto is a wartime value-preservation tool. Risk assets may rebound, but it’s important to watch whether the macroeconomic environment and geopolitical situation remain stable.
GateNews4h ago
Is the market in excessive panic? MicroStrategy founder: Bitcoin has already hit bottom, and the quantum threat is an overblown concern
Michael Saylor asserted that Bitcoin had already finished bottoming out at $60k, and he believes concerns about threats from quantum computers are overblown. He predicts that Bitcoin will become the core of a digital credit system in the future, and he mentioned that selling pressure in the market is limited, which could help drive a new bull market. Mizuho also gave a positive assessment of the company’s future performance.
CryptoCity5h ago
DWF Labs co-founder: The current market is boring but it hasn’t gone away—there are still plenty of opportunities for builders and investors
DWF Labs co-founder Andrei Grachev said the market is currently in a “very boring” phase, with genuinely valuable activity taking place quietly. He advised investors to stay patient, wait for better timing, and noted that retail investors should respond rationally to market volatility—continue learning and staying engaged.
GateNews5h ago
