Canton Network pulled in $60.2 million in fees over the trailing 30 days, placing it ahead of Tron and substantially above Ethereum, according to DefiLlama's fee-tracking dashboard.
The network, built by Digital Asset, markets itself as a privacy-enabled institutional blockchain. Fee rankings as a standalone metric rarely capture the full operational picture—transaction volume, transaction size, user concentration, and whether activity stems from production use or testing all shape what a fee number actually signals. DefiLlama's tracker logs aggregate fees but doesn't differentiate between those categories.
For context: Ethereum's fee generation over the same period lagged Canton significantly by that measure, despite Ethereum's vastly larger daily active user base and historical transaction throughput. The gap reflects Canton's design, pricing model, and the makeup of its transaction base. Tron, which typically competes on low fees and high throughput, also fell below Canton's 30-day tally.
Canton targets financial institutions and enterprises rather than open-market retail users. That positioning shapes both the types of contracts deployed and the fee structure Digital Asset maintains. A network processing $60 million in fees over a month can reflect high transaction volume at low per-transaction rates, smaller volume at premium rates, or a mix—DefiLlama's public data doesn't break that down by transaction count or average fee.
The ranking underscores how institutional blockchains can generate substantial fee revenue even with narrower user bases than public networks. Whether that activity represents sustained business use or concentrated pilot programs remains unclear from the available data. Digital Asset has not published detailed operational metrics about validator count, transaction composition, or active counterparty count.