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The Canto Ecosystem: The popular Layer1 with its own DeFi component

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What are the key applications on the Canto chain?

原文标题：《盘点 Canto 生态：自带 DeFi 组件的热门 Layer1 》

Original author: Maverick, Wu Says Real

After the recent launch of the contract security revenue and expense allocation model (CSR), the number of transactions on the Canto chain, TVL, cross-chain and other data have grown strongly. DeFiLlama data show that TVL on the Canto chain doubled in January, and the original decentralized trading platform Canto DEX Daily trading volume rose from less than $2 million in early January to around $50 million in February; According to @minion 0x Data panel, Canto chain last week both active wallet and new wallet number hit a record high, the main on the chain. NFT The Alto Market saw a sharp increase in trading volumes.

Canto is a network based on Cosmos Layer built by SDK; 1 network, but it is unique in that Canto comes with some DeFi components, such as forking into Compound The lending market, forked Solidly DEX, and NOTE using excess mortgage mechanism; Stablecoin. Canto believes that the core of DeFi should exist as free public infrastructure (FPI), which was established to fulfill DeFi's promise to help make the new financial system transparent, decentralized and free in the post-traditional financial era. In addition, in order to achieve investment of resources in the development and maintenance of public goods, as well as the use of free, Canto proposes a new contract secured revenue allocation model as an incentive.

CANTO is the original Token of Canto network, with an initial supply of 1 billion. It is mainly used to pay for the gas fees of transactions, and can also be used as a verifier pledge to ensure network security. With a surge in on-chain activity, CANTO prices have increased a further fivefold.

This article will take stock of the key applications on the Canto chain.

Bridge

Gravity Bridge

Canto's Native Bridge solution, issued by Token GARV. Gravity Bridge makes it possible for many different Cosmos-based projects to connect to Gravity and use it to accept ERC through Interblockchain communication (IBC); 20 assets and vice versa. Due to limitations of Cosmos SDK, only is currently supported; ETH, USDC, DAI, USDT And WETH a small variety of Token transfers. Because the Gravity Bridge is compatible with the EVM chain, officials say it will be available in the future. Polygon Wait for EVM cross-chain transfer.

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

Synapse Protocol

The multi-chain cross-chain protocol, which currently supports more than 18 EVM and non-EVM blockchains, is one of Canto's key cross-chain projects. Canto is Synapse's latest cross-chain enabled blockchain and the first time the protocol has entered the Cosmos ecosystem. Official Twitter said that from January. More than $1.5 million was transferred through the Synapse Protocol in the three days between the 27th and 30th. Canto; On February 2nd Synapse Canto handled $5m in transactions in a single day. A few assets such as SYN, NOTE, USDC, and USDT are currently supported across chains.

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

DEX

Official: CantoSwap and Canto Lending, which currently occupy more than 95% market share of TVL on the Canto chain

Forteswap

One of the elder Dexes on the Canto chain, the current launch supports the BELIEVE, NOTE, ENC, RAB, CANTO, USDC, USDT and other Token trading functions. Forteswap not only supports the trading function, but also launches the liquidity function. It is the DEX with relatively complete functions in the Canto chain.

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

CantoSwap

DEX, which will be online in 2022, has issued Token Matrix. Support Matrix, CSRG, COGE, OTTO, NOTE and other assets trading, but also provide liquidity function for users, In addition, users can mine liquidity in WCANTO/Matrix, cINU/Matrix, NOTE/Matrix and CSRG/WCANTO on CantoSwap. According to DeFiLlama, CantoSwap TVL exceeded $700,000 and has grown strongly since February.

LeetSwap

One of Canto Ecology's Dexes, the issued Token LEET, is mainly used to reward liquidity mining, pledge users or other community positive behaviors. Leets introduced a dynamic tax model for LEET tokens, which penalizes holders when tokens are oversold. LeetSwap has a full-fledged DEX feature (transaction and liquidity provision) that allows users to use its transaction feature without any transaction fees.

Slingshot

Multi-chain polymerization DEX provides coverage of Canto, Arbitrum Nova, Osmosis and other seven chains have more than 40,000 cryptocurrency transactions and are equipped with real-time trading charts. Slingshot supports 62 Token transactions on the Canto chain with an average gas fee of about $ 0.7 & have spent , the transaction cost is 0 .

Other DeFi

Y 2 R Finance

Y 2 R Finance is an Auto harvest protocol. With smart contracts and automatic harvesting strategies. 2 R maximizes user benefits from LPs, AMM projects, and other liquidity mining. Currently, Canto/Atom, Canto/ETH, Canto/Note, NoteUSDC and Note/USDT are supported for automatic LP harvesting. The pledge function is not online yet.

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

NFT trading market

Providence NFT Marketplace

Created by Cantoswap NFT The Exchange Market, which claims to be Canto's first and number one NFT market. Currently, Canto Longnecks, CantoPunks, Matrix Key and CANTOADZ are sold on this platform market. The royalty rate has recently been reduced from 10% to 2.5%. . Providence has launched the NFT Pledge feature, where CantoPunks owners will receive daily payments when they pledge. 10 MATRIX tokens; When a user owns CantoPunks and Matrix keys for matching each other, the number of MATRIX Token rewards produced per day increases to 30.

Alto Market

Alto Market is a free public NFT market in Canto ecology. There are currently over 60 NFT projects for sale on the Alto Market. In addition to regular purchase and sale of NFT, users can also create their own NFT on the platform. AltoMarket does not charge transaction fees, and creators can choose to set custom royalties for their collectibles. Currently, the platform supports four tokens for payment: Canto, wCANTO, NOTE and CINU. According to @minion In the 0x data panel, the Alto Market has seen a significant increase in trading volume recently and has become Canto's primary NFT market with over 2 million CANTO per day, accounting for almost 30% of on-chain contract interactions. , and led NFT Players to pan for gold on the Canto chain. The current top NFT in the Alto Market is Canto Longnecks (CLNFT), with the necks of flooring. 699 CANTO, with more than 1.7 million CANTO traded.

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

Canto Moon

One of the NFT markets in the Canto chain, currently there are CantoPunks, Matrix Key, etc. 10 Several NFT projects are sold on its platform. Canto Moon has launched Token CMOON, which allows holders to mine liquidity, pledge or directly mint NFT to benefit.

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

Other;

CANTO NAME SERVICE

CANTO NAME SERVICE (CNS), CANTO Domain Name Service, was launched on February 1st. Users can identify themselves as belonging to the "Canto Internet Society" by having a ".canto "domain name. The official also learned the lessons of "ENS", ".com "domain name speculation, the use of anti-scrambling price mechanism, the use of Variable Rate Gradual Dutch Auction (VRGDA, variable rate Dutch auction) pricing CNS.

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

Canto Public Messaging Service

CPMS (Canto Public Messaging Service) was developed by the CanToadzNFT team. This is an on-chain protocol similar to the real-world delivery of letters/postcards and is intended to be the hub for all messaging and delivery on the Canto chain. A user can send a message to another user on the chain via a CPMS "letter" with a stamp attached (a set of stamps costs 10 CANTO). It also offers Gas filling stations, which are kept full by the purchase of an official NFT (50 CANTO) with no supply cap. Users can obtain a maximum of two Gas Fee supplements at CPMS Gas stations (3.3 CANTO once).

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

Canto Tools

An important tool to explore the CANTO ecosystem. In addition to displaying Canto's important projects, Canto Tools also provides users with functions such as calendar of major ecological events, data analysis tools, quick use of cross-chain Bridges and some educational content to be learned within the ecosystem. To help users understand and use Canto network more comprehensively.

一文盘点 Canto 生态：自带 DeFi 组件的热门 Layer1

Kanto Game

Kanto Game is Canto's first ecologically built game with a similar interface/gameplay to Pokemon. The player seeks out and fights sprites, capturing and collecting them using the Kant ball. There are 151 types of sprites that can be captured and explored, each of which is a tradeable NFT that can be traded back to CANTO for profits.

The concept of decentralization of Canto and the contract security revenue and expense distribution model have raised people's expectations for the project. At this stage, its ecology is still in its early stage and it deserves long-term attention. However, we should be cautious about the speculation of CANTO's price.