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Canton’s CC token surged more than 25% on Christmas Eve, emerging as the top-performing crypto asset despite weak overall market sentiment.
The rally occurred during thin holiday liquidity, amplifying price moves across selected assets.
CC outperformed major cryptocurrencies and privacy-focused tokens over the 24-hour period.
Market participants said the move was not driven by retail speculation or seasonal trading behaviour.
Instead, investors pointed to growing institutional interest in regulated blockchain infrastructure.
Canton Network is a privacy-enabled layer-1 blockchain built specifically for financial institutions.
The network allows on-chain transactions while keeping sensitive data private.
Privacy features are considered essential for banks, clearing houses and asset managers operating under regulatory constraints.
CC serves as Canton’s utility token and is used for transaction fees, network security and validator incentives.
Its valuation is more closely tied to institutional usage than retail activity.