Canton’s Yuval Rooz says smart contract blockchains face a reckoning over value gap

Canton’s Yuval Rooz says smart contract blockchains face a reckoning over value gap The network's co-founder says many blockchains pitching financial rails lack the activity to justify their valuations, and stablecoins still lack true product-market fit. What to know: - Yuval Rooz, CEO of Digital Asset, the company behind the Canton blockchain, says most smart contract networks lack the activity and revenue to justify multibillion-dollar valuations. - Canton burns tokens with every transaction and distributes issuance to fee-generating apps, aiming to tie value to usage. - Rooz argues stableco

Canton’s Yuval Rooz says smart contract blockchains face a reckoning over value gap The network's co-founder says many blockchains pitching financial rails lack the activity to justify their valuations, and stablecoins still lack true product-market fit. What to know: - Yuval Rooz, CEO of Digital Asset, the company behind the Canton blockchain, says most smart contract networks lack the activity and revenue to justify multibillion-dollar valuations. - Canton burns tokens with every transaction and distributes issuance to fee-generating apps, aiming to tie value to usage. - Rooz argues stableco