Introducing The Canton Network Series, a five-part exploration of the Canton Network’s evolution as privacy-first infrastructure for institutions in digital assets.
In Part 4: State of the Network, we examine how Canton has moved from foundation-building to institutional-scale activity. The report presents data across key dimensions of network health, including transaction growth, validator participation, token economics, and user adoption, providing a complete view of how Canton’s architecture is scaling in production.
Key Insights from the Report
- Transaction Growth and Utility: Canton now processes more than 600,000 transactions per day, showing a clear shift from pilot applications to active institutional usage across payments, tokenization, and data workflows.
- Validator Participation: The validator set has grown from 24 at launch to over 575, reflecting increasing participation from financial institutions, infrastructure providers, and technology firms that contribute to network operations and governance.
- Ecosystem Expansion: The Canton ecosystem now includes leading institutions across both TradFi and crypto, including Goldman Sachs, HSBC, and BNP Paribas alongside Circle, Ledger, and Chainlink, connecting tokenized assets, custody, analytics, and payments within one network.
- Token Economics: The Canton Coin’s burn and mint ratio continues to move toward equilibrium, indicating growing organic activity and a maturing reward model that aligns long-term incentives across participants.
- User Adoption: Wallet growth has surpassed 28,000, driven primarily by institutional accounts and active treasury operations, highlighting genuine network engagement rather than speculative activity.
To explore how Canton’s privacy-first design is scaling into real institutional infrastructure, download the full report below.
by The Tie
