Canton Network now processes $6 trillion in real-world assets, facilitating on-chain settlement of DTCC-custodied U.S. Treasuries with $350 billion in daily Treasury activity.
Broadridge and the DTCC are using Canton Network for tokenization and settlement of these instruments, marking institutional adoption of on-chain infrastructure for traditional finance assets.
Lighter has launched its LIT token and entered the on-chain derivatives market against Hyperliquid. Over the past 30 days, Lighter generated $8.5 million in fees versus Hyperliquid's $66.8 million. Lighter's open interest stands at $1.45 billion compared to Hyperliquid's $7.44 billion.
Hyperliquid, a Layer 1 purpose-built for perpetual futures, launched its HYPE token via airdrop in November 2024. The protocol operates with BFT consensus and has established itself as the dominant on-chain derivatives venue by TVL and volume.
The developments underscore two competing dynamics in DeFi: institutional capital flowing into tokenized real-world assets and intensifying competition among derivatives platforms to capture on-chain leverage flows.
