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CANTO Price
$0.18353
-1.53%
Market Cap
$109.57M
24H Volume
$32.46M

CANTO Market Stats

  • Price $0.18353
  • 1H Change +0.12%
  • 24H Change -1.53%
  • 7 Day Change +31.23%
  • 30 Day Change +5.14%
  • 1 Year Change +19.58%
  • All-Time High $0.42851
  • % From ATH -57.15%
  • ATH Date Dec 4, 2023

CANTO Explorer

CANTO Info

Canto (CANTO) is an EVM-compatible layer-1 blockchain that prioritizes making Decentralized Finance (DeFi) accessible and free to use. It is part of the Cosmos (ATOM) ecosystem, which includes interoperable chains and decentralized applications (Dapps). Since its launch in August 2022, Canto has experienced rapid growth due to its unique vision.

The project aims to fulfill the early potential of DeFi by offering an optimal execution layer and incentivizing original development work, making new systems transparent, and fully decentralized. Canto is a community-driven initiative led by a group of DeFi advocates, without any venture capital (VC) or presale funding.

In summary, Canto is a grassroots DeFi project within the Cosmos ecosystem, focused on providing a user-friendly and accessible DeFi experience, while fostering a decentralized and transparent environment for development and innovation.

Canto offers the following features:

1. Canto DEX: A zero-fee decentralized exchange (DEX) for liquidity providers.
2. Canto Lending Market (CLM): A pooled lending Compound v2 fork, with a fully collateralized unit of account token (NOTE) serving as a USDC/USDT soft-pegged stablecoin.
3. Free Public Infrastructure (FPI): Canto aims to establish free public infrastructure, with core DeFi primitives not having sovereign governance tokens or the capacity to extract rent in the future[3].
4. Liquidity as a Free Public Good: Zero fees for liquidity providers (LPs), making liquidity free for protocols, arbitrageurs, and traders.
5. Rent Extraction Resistant: Canto aims to eliminate centralized incentives, with no official foundation, presale, vesting, or venture backers.
6. Minimal Viable User Capture: Canto avoids interface-driven user ownership, facilitating user acquisition for new protocols.

These features position Canto as a decentralized and accessible blockchain solution, focused on delivering a free and transparent DeFi experience, while eliminating centralized incentives and promoting fair and equitable access to liquidity and financial services.

CANTO Technical Info

  • Blockchain Own Blockchain

CANTO News

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