Over the past day, CC Token (the native governance token of Canton Network) has made a notable presence in the RWA track. This privacy-first, institutional-grade Layer-1 network's token performance has been aggressive—price fluctuating between $0.085 and $0.097, with 24-hour gains reaching 14%-27% (specific data varies depending on the source), and trading volume soaring to $350 million to $380 million, a surge of over 600% compared to the previous day. Market capitalization has also broken through the $3 billion mark, maintaining a stable ranking within the top 30-40.

The logic behind this rally is quite clear. Canton Network is backed by giants like DTCC, focusing on asset tokenization and privacy-synchronized settlement. Recent news about DTCC planning to launch tokenized U.S. Treasuries in 2026 has been gaining momentum, indicating that institutions are indeed preparing for this, which has attracted capital.

Of course, short-term volatility is inevitable—dropping from an intraday high of $0.085 to a low of $0.074 is quite normal. However, analysts generally agree that the support at the bottom is solid, as the RWA narrative itself is strong. Plus, with institutions positioning themselves towards the end of the year, a breakout against the trend for CC seems plausible.

From a trading perspective, the CC/USDT trading pair on mainstream exchanges remains active, and leveraged contracts have attracted considerable speculative funds. There haven't been any major new announcements recently. Nonetheless, in the context of the overall market adjustment, the performance of institutional-grade blockchain assets like CC indeed highlights their potential. Moving forward, close attention should be paid to the growth of network TVL and the pace of global application deployment, as these data points will better indicate the potential for further upside.