Canton (CC) Surges 18% as Nasdaq Joins Network, Market Cap Hits $6B

The price of Canton (CC) has surged by 18% in the last 24 hours, trading at $0.17, with a market cap exceeding $6 billion, placing it among the top 20 digital assets.

Key Catalysts for Canton Price Surge

The price has increased nearly 60% this week, with daily trading volume up by approximately 50%.
Nasdaq has joined the Canton Network as a Super Validator, enhancing the project's credibility and supporting its institutional adoption narrative.
Canton Network is aimed at large-scale institutional settlement and regulated financial workflows, positioning itself for tokenized real-world assets like U.S. Treasuries.
BitGo serves as a custodian for Canton, indicating high-profile investor engagement.
Canton has surpassed SUI and AVAX in market capitalization, entering the top 20 rankings.

Development of Canton ETF

Bitwise has filed for a multi-asset crypto ETF that includes Canton (CC), attracting attention from institutional investors.
The network processed over 500,000 transactions in the last 24 hours, with monthly volume above 15 million.
Active addresses have increased significantly since mid-December, suggesting genuine usage growth.
A token burn mechanism has resulted in more than 450 million CC tokens being burned this year, creating a deflationary effect.