DeFi activity on Canton Network remains small, but it is growing. The total value locked (TVL) in DeFi on @CantonNetwork, whose native token is $CC, stood at $13.42 million at the time of writing. That is tiny compared with most major blockchain networks.

The more notable point is the direction of travel. The figure has been rising steadily since early August and is up around 65% over the past two months.

How Canton's DeFi Figure Compares With Its Market Value

The gap between TVL and market value is wide. DefiLlama data showed Canton's DeFi TVL at $12.21 million as of Oct. 26, 2026, against a Canton Coin market capitalisation of about $3.97 billion. The same page recorded $21.71 million in 24-hour DEX volume and a 7-day weekly change of -11.32% in volume, a reminder that activity on the network's DeFi apps can be uneven.

The low TVL is partly a function of how Canton is designed. According to the network's launch announcement, Canton was introduced in May 2023 by Digital Asset and market participants as a privacy-enabled, interoperable blockchain for institutional assets. Participants listed at launch included Goldman Sachs, BNP Paribas, Deutsche Boerse Group, Microsoft and S&P Global.

Canton Coin is the network's utility token. The Canton Network FAQ says CC was designed to reward real network usage over speculation, and that network contributors can continuously mint rewards for their activity.

Institutional Activity Sits Largely Outside DeFi TVL

TVL captures only capital held in DeFi-style contracts, and much of Canton's activity is institutional settlement. In December 2025, DTCC, Digital Asset and the Canton Network announced a partnership to enable tokenization of DTC-custodied U.S. Treasury securities on Canton.

That split between institutional settlement and on-chain DeFi helps explain why the headline DeFi TVL looks modest. For readers tracking the network, the more telling signal may be whether the recent climb in TVL continues as more applications and assets move onto Canton.

Sources

DefiLlama: Canton DeFi TVL, Fees and Revenue

Canton Network: Introducing the Canton Network press release

Canton Network: DTCC and Digital Asset partnership announcement