Cannon Network (Canton Network) recorded transaction fees exceeding US$155 million in the third quarter of this year, announcing the highest real figure among major blockchains. This achievement coincided with a price rise for Canton Coin (CC).
According to TradingView data at 7:16 am on the 20th, Canton Coin traded at $0.10452 – an increase of 5.83% over the previous day. The price briefly reached $0.106 before falling slightly, yet recovered back to $0.104 and continued its upward trend.
On December 12, Skynet platform officially released the transaction‑fee results of Canton Network. Skynet declared that these figures represented the highest level among blockchains it had selected for comparison, though it did not disclose the full list or individual fee amounts, making ranking in the market difficult.
Cannon Network was designed as a network taking into account the information‑protection and regulatory compliance required by financial institutions. By supporting asset transfers and trade processing between institutions, it shows promise in linking traditional finance with blockchain technology – particularly for tokenized real‑asset (RWA) and inter‑institutional financial transactions. The fee results serve as an indicator of Canton Network’s trading activity, but they do not directly translate into net income for the network operators or token holders.
The price rise of Canton Coin suggests a connection between higher fees and token value, while also indicating short‑term volatility. Market analysts point to the possibility that the size of the fee output will stay high, with real trade expansion and sustained use of the network in finance seen as key variables for medium‑term growth prospects.