maxvoice.Canton

It’s pretty entertaining hearing @MylesOneil on @thebellcurvepod awarding @CantonNetwork the ponzi of the year. Canton, the L1 with the most bona fide activity of any network, and the L1 just selected by the biggest FMI in the world to tokenize $100 trillion of assets. There are some things he’s directionally correct about and others he gets completely wrong which shows he’s just spreading hearsay from eth maxis and not actually doing basic research that would quickly address his points. - The first point he raises is the most tired piece of FUD from eth maxis, which is that early on, Canton was closed and only for institutions who were reaping all the rewards. Just look at the names involved in the ecosystem and at the governance and you’ll see massive TradFi, crypto startups and everything in between - it’s been this way since Day 1 July 2024 when MainNet launched. - For his second point, yes like any open network there could be people that are looking to extract value like his “people in the RWA space”. As he even highlighted, they aren’t trying to do anything of significance and were looking for a way to make a quick buck. The SVs have reacted and changed tokenomics to eliminate bad behavior which has been successful and further aligned everyone in the network to deliver value in order to receive $CC rewards - this is why we keep seeing more and more big institutions joining the network - and I’m sure Myles’ friends, the ones leaching rewards for providing no value are no longer active. Institutions in Canton Network understand the opportunity at hand - they have massive existing network effects and the app rewards on Canton enable them to monetize their existing businesses in a new, additional dimension, where they earn rewards for the transactions their app is supporting. Conversely, startups and crypto natives see an opportunity to compete with these large incumbents and earn $CC rewards based on their success. The icing on the cake is that fees are paid in $CC which creates a huge amount of burn and generates additional value to the network. - Yes $CC is different from other tokens. $CC has always been about utility first so there wasn’t an airdrop, pre-mine or an ICO. Validators earned CC whether they were a blue chip TradFi institution, a family office, or a startup bootstrapping their business on the network. Some VCs also threw FUD because there were no VC allocations; if they wanted exposure they would have to buy $CC OTC from existing validators. DRW was the first OTC desk but they were hardly the only avenue to get exposure - there were a dozen OTC desks making markets before $CC was listed on public crypto exchanges. - Yes, tracking TVL in Cantion is challenging because……Canton is private. In order for data to become public for people to track, these apps need to agree and do work to make their data available to dashboards like @KaikoData or @RWA_xyz. DeFi is pissed because they can’t monitor wallets, execute MEV strategies or sandwhich attacks on Canton - Canton just simply supports how capital markets were intended to function. This is evidenced by Broadridge who has a repo application that is processing about 10% of the $4 trillion US daily repo market. The crypto market hates to admit it but their volumes trounce all other L1s combined. Canton is becoming a core growth strategy for TradFis - go listen to Tradeweb’s latest quarterly report and see how many times Canton is mentioned by their CFO and CEO. This is just one of many examples on Wall Street and we should see this accelerate in 2026. Canton is not some new chain that came out of nowhere. Canton has been stacking results for 10 years but it still feels like we’re just getting started. It will be interesting to see what categories Canton takes in next year’s @thebellcurvepod 2026 review.