Canton’s Yuval Rooz says smart contract blockchains face a reckoning over value gap

The network's co-founder says many blockchains pitching financial rails lack the activity to justify their valuations, and stablecoins still lack true product-market fit. What to know : Yuval Rooz, CEO of Digital Asset, the company behind the Canton blockchain, says most smart contract networks lack the activity and revenue to justify multibillion-dollar valuations. Canton burns tokens with every transaction and distributes issuance to fee-generating apps, aiming to tie value to usage. Rooz argues stablecoins will only have true product-market fit when over half of usage is unrelated to crypto trading.