Over the past 24 hours, the cryptocurrency market has seen a broad rally, with Canton Network (CC) leading the charge as the top performer. CC's price surged by 39.46% to $0.106, accompanied by a significant trading volume exceeding $35 million. This powerful move has propelled Canton into the top 30 cryptocurrencies by market capitalization, now estimated in the $3–3.5 billion range.
The rally appears to be driven by more than just speculative trading. On December 19, the Depository Trust & Clearing Corporation (DTCC), a cornerstone of traditional finance that processes quadrillions of dollars annually, joined the Canton network as a super validator and governance co-chair. This institutional endorsement signals that Canton is being tested within regulated financial infrastructure. Furthermore, DTCC is collaborating with Securitise on a pilot project to tokenize over $1 billion worth of U.S. Treasury securities on the Canton network starting in 2026, aiming for faster settlement and improved transparency.
Following Canton's impressive lead, other tokens also posted strong gains, indicating widespread market enthusiasm. Pippin (PIPPIN) rose 13.90% to $0.4022, UNUS SED LEO (LEO) grew 12.33% to approximately $8.25, and Uniswap (UNI) gained 10.24% to $5.72 with a substantial 24-hour volume of nearly $379 million. Smaller-cap tokens like XDC Network (XDC) and Jupiter (JUP) also joined the rally with gains of 7.12% and 5.92%, respectively.
While the price action has pushed the Relative Strength Index (RSI) into overbought territory, suggesting potential for a short-term pullback, the high trading volumes across these assets lend credibility to the momentum. The market is settling, with investors looking beyond the top ten cryptocurrencies for opportunities, supported by genuine institutional developments like those seen with Canton.
