quote: Lending, swaps, institutional order books, and more run natively on Canton. @Defi_Rocketeer highlights a few of the builders shipping them, including Alpend, Cantex, Temple, and a handful of projects still taking shape. ↓ https://x.com/Defi_Rocketeer/status/2111025865329127542 | I think the better opportunity on @CantonNetwork sits in the app layer, not just in $CC Here’s how the loop works. Every time someone uses the network, they burn $CC to pay for Global Synchronizer traffic. The fee is set in dollars, but it is paid by burning $CC. The network then mints new $CC and distributes it as rewards. A large and growing share of those rewards goes to the apps that generate the traffic. → The more real activity an app creates, the more $CC it can earn. → Idle tokenized assets create almost no traffic, so they earn almost nothing. → Collateral that gets borrowed and reused creates repeated transactions, interest, and traffic. Those apps capture more of the rewards. Burn helps $CC, but a meaningful part of the value flows to the apps that actually put collateral to work. Here are some of notable projects shipping $CC value: 1/ @AlpendHQ - native money market – Built natively for Canton’s selective disclosure model so individual positions stay private. Access is permissioned; integrated with Loop Wallet and BitSafe; Halborn-audited. – Live isolated markets for CC, USDCx, and CBTC. Each asset has its own pool and parameters. – ~$2.15M available TVL and ~$631k active loans. Total supplied is roughly $2.78M, which puts overall utilization around 22–23%. – Alpend ONE (coming) is a CC-backed debt instrument geared to $1, intended to unlock dollar liquidity without selling the underlying CC. 2/ @Broadridge DLR - the repo platform running on Canton – $7.5T in repo volume in sep 2026 with an average daily of ~$359B. – Live on Canton since 2023, handling intraday and cross-border repo while expanding collateral eligibility from U.S. Treasuries toward G7 securities, and now sitting inside the broader DLX platform. – The scale demonstrates that institutions are already moving real financing and collateral workflows onto Canton rails. – Large notional volume still needs to be mapped to actual Global Synchronizer traffic and the resulting burn versus rewards minted. 3/ @Cantex_io and @temple_ny - liquidity layer – Cantex has crossed $300M cumulative volume (up roughly $100M since its August). It offers atomic, self-custodial swaps with Canton’s privacy model. – Temple has passed $1B cumulative volume as the first native institutional CLOB on Canton, with daily volumes recently in the $20M+ range. – Collateral needs liquid markets and clear prices before it can be used at scale. Cantex and Temple provide that foundation for lending protocols. – Temple previously reported crossing 1B CC burned in Sep. 4/ Others that still forming – @Kintsu has opened a private beta (currently on testnet) with isolated, curator-driven markets, curated vaults, and CC staking. – @Canborsa_DEX is testing a lending prototype on DevNet that lets users supply USDCx and borrow against CC or CBTC. It already uses CC as collateral for its RWA perps. – @Rho_Labs offers funding-rate markets that use Canton for private settlement records while executing elsewhere.