Canton Network, the privacy-enabled institutional blockchain built by Digital Asset, generated $60.2 million in fees over the trailing 30 days, placing it ahead of Tron and far above Ethereum by that measure, according to DefiLlama data.

The DefiLlama fee-tracking dashboard logs Canton’s 30-day total at $60.2 million, compared with $27.6 million for Tron and $11.3 million for Ethereum over the same window. Digital Asset co-founder and CEO Yuval Rooz noted the milestone on X earlier this month: “$CC today processes the highest fees of any institutional blockchain network.”

Fee Methodology

DefiLlama tracks Canton fees as gas paid by network participants, a methodology consistent with how it measures fees on Ethereum and Tron. Canton is a permissioned, privacy-preserving network used primarily by financial institutions for settlement and asset tokenization. Transaction volumes there trace to institutional workflows rather than retail DeFi activity, which shapes how the fee comparison reads.

Canton’s 30-day fee figure places it fourth overall on the DefiLlama leaderboard among all protocols, behind Tether, Circle’s USDC, and Hyperliquid’s perpetual exchange. Its all-time cumulative fees reached $488.9 million. The trailing 24-hour figure stood at $1.84 million at time of publication.

Institutional Backdrop

The numbers follow significant capital formation around Digital Asset. The company closed a $355 million funding round led by a16z crypto in June, with HSBC, Apollo, BNP Paribas, CME, Tradeweb and more than 20 other institutional names joining. Visa and stablecoin issuer Brale piloted stablecoin settlement on the network using SBC, a US dollar-backed stablecoin. South Korea’s Bithumb listed Canton Coin in its KRW market on June 23.

Canton is among the eight blockchains integrated into Mastercard’s card-settlement network, per earlier Defiant coverage. The Canton Foundation was also registered under the National Cooperative Research and Production Act on June 22.

Ethereum Gap

Ethereum’s fees have stayed compressed since the Dencun upgrade reduced Layer 2 settlement costs. Over the trailing 30-day window, Canton’s $60.2 million compares with Ethereum’s $11.3 million, a ratio of more than five to one. The contrast reflects how differently the two networks generate fee activity: Canton’s throughput comes from institutional settlement workflows with fixed participants, while Ethereum’s comes from a broader but currently less fee-intensive base of applications.

Canton has made no public statement on when or whether the fee ranking will be updated or reported as a recurring metric.