Canto Blockchain Difficulties Demonstrate Dreary DeFi Outlook
May 30, 2023

Canto Blockchain Difficulties Demonstrate Dreary DeFi Outlook

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Canto is a blockchain that was designed for DeFi services like lending, staking and liquidity provision. Since its inception, it has seen a total of $591 million bridged from Ethereum’s mainnet, but that figure has stagnated over the past month as daily inflows struggle to top $3 million versus more than $20 million seen earlier this year, according to data from Dune Analytics.

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