The daily burn activity on Canton Network just dropped 40% in a day. Hopefully this is just a glitch on Cantonscan.com. Does anyone know what caused this?
@HAPPYFINGERS33 DTCC integration should move the price higher. We will know in 23 days how investors will feel about the token. If buyers are convinced the token goes higher.
@akyra_0 I agree with what Shaul said in the interview. The problem is nobody is buying CC. He doesn't have to convince me holding the token. He needs to convince the masses that the token will appreciate. At the end of the day nobody pays attention to the BME as long as the token goes up. Nobody is buying the token because investors are not convinced CC is good investment in the long run. If they were to price would already be at .20 cents. If the DTCC running on Canton doesn't move the token higher by the end of October then I would have to conclude that investors are not convinced the narrative Shaul is selling.
Cantonscan.com has a new metric for Canton Network called Daily Traffic Burn for bandwidth. According to this stat the bandwidth burn is down 46% since February.
Here is what Grok said:
Daily traffic burn rising means more Canton Coin is being destroyed to buy Global Synchronizer bandwidth. That is the main link between real network use and CC supply.
It matters because almost all of Canton’s burn comes from these purchases. Fees are priced in dollars per megabyte and paid by burning CC, so a higher burn removes more coins and lifts the burn-to-mint ratio. Issuance is still larger than burn (about 68–71% offset in August and September), so a sustained rise is what closes that gap and can eventually make net supply shrink. A fall does the opposite: more net issuance, even if the mint schedule is unchanged.
It is also the cleanest public signal that paid demand for the shared sequencer is growing. Private synchronizer activity does not burn CC. Traffic burn only rises when validators prepay for messages on the Global Synchronizer — confirmation traffic, topology updates, and similar work — beyond the free base rate. That is the usage the token is designed to capture, and it is what shows up in chain-fee rankings.
The rise only counts if it is real dollar spend, not a price artifact. Because the fee is in USD, CC burned can jump just because the CC price fell. The version that matters is more USD of bandwidth bought, spread across more apps rather than a few validators topping up ahead of use.
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