Canton Network, a privacy-enabled institutional blockchain built by Digital Asset, generated $60.2 million in fees over the next 30 days, outperforming Tron and far more than Ethereum by that measure, according to data from DefiLlama.
DefiLlama’s fee tracking dashboard records Canton’s 30-day total as $60.2 million, compared to Tron’s $27.6 million and Ethereum’s $11.3 million during the same period. Digital Asset co-founder and CEO Yuval Rooz said of the X milestone earlier this month: “$CC currently processes the highest fees of any institutional blockchain network.”
Fee structure
DefiLlama tracks cantonal charges as gas paid by network participants. This is a method consistent with how Ethereum and Tron fees are measured. Canton is a permissioned privacy-preserving network primarily used by financial institutions for payments and asset tokenization. Trading volumes there are traced back to institutional workflows rather than retail DeFi activity, which shapes how fee comparisons are viewed.
Canton’s 30-day fee figure ranks fourth overall among all protocols on the DefiLlama leaderboard, behind Tether, Circle’s USDC, and Hyperliquid’s perpetual exchange. All-time cumulative fees reached $488.9 million. At the time of publication, the 24-hour figure was $1.84 million.
institutional background
This figure follows significant capital formation around digital assets. The company closed a $355 million funding round in June led by the a16z cryptocurrency, with participation from HSBC, Apollo, BNP Paribas, CME, Tradeweb, and over 20 other names. Visa and stablecoin issuer Brale have piloted stablecoin payments on their network using SBC, a stablecoin backed by the US dollar. South Korea’s Bithumb listed Canton Coin on its KRW market on June 23rd.
According to previous Defiant reporting, Canton is one of eight blockchains integrated into Mastercard’s card payment network. Canton Foundation was also registered on June 22 under the National Cooperative Research and Production Law.
ethereum gap
Ethereum fees have remained compressed since the Dencun upgrade reduced layer 2 payment costs. Over the subsequent 30-day period, Canton’s $60.2 million and Ethereum’s $11.3 million would be a ratio of more than 5:1. This contrast reflects the difference in how the two networks generate fee activity. Canton’s throughput comes from an institutional payment workflow with fixed participants, whereas Ethereum’s throughput comes from a broader, but currently less fee-intensive, application base.
Canton has not publicly announced when the rate rankings will be updated or whether they will be reported as a regular metric.
