The CEO of Digital Asset has defended the long-term outlook for the Canton Network after the price of its native token, CC, came under pressure, arguing that network activity, not speculation, will determine its future value.
In a statement posted on social media, Digital Asset CEO Yuval Rooz acknowledged that many community members were frustrated by CC’s recent price performance. He said low trading volume allows individual buy and sell orders to move the token more sharply, adding that the project’s backers are not conducting volume-driven market activity to support the price. Instead, Rooz said the team’s focus remains on growing awareness of the Canton Network and increasing real usage over time.
Price action on $CC is painful. A lot of people are asking how come the BME not managing this. It’s important to understand that buy/sell can still move the price significantly esp when volume is low (I posted already we don’t do volume deals). Canton still needs a lot more…
— Yuval Rooz (@YuvalRooz) July 8, 2026
Token burn remains central to Canton’s model
Rooz pointed to the network’s token burn mechanism as the foundation of Canton Network’s economic model. According to him, more than 9% of CC’s total supply has already been permanently removed from circulation since the network launched.
He compared that figure with other blockchain networks, stating that Ethereum has burned roughly 3.5% of its supply over a similar period, while many active chains have burned less than 1%.
The executive argued that every transaction on the Canton Network requires CC to be burned, meaning higher network activity should steadily reduce the available supply. He added that tokens removed through the burn process cannot return to circulation.
Why are more blockchain projects using token burns?
Token burns have become a common feature across blockchain networks, but their results have been mixed. Networks such as Ethereum introduced burn mechanisms after fee reforms, while others, including BNB, combine scheduled burns with network revenue. In both cases, burning tokens alone has not guaranteed stronger prices. Demand, user activity, and liquidity have continued to play a larger role.
Canton Network follows a different path by tying every network transaction directly to token destruction. That means the burn rate depends on actual usage instead of fixed schedules or company decisions. If adoption grows, more tokens leave circulation automatically. If activity slows, the burn rate also falls.
Canton Network announced a strategic partnership with RedStone Oracles to provide the critical data infrastructure for its growing real-world asset (RWA) ecosystem, valued at $6 trillion.
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