Originally published at https://mrnasdog.com/research/cc/inflation

This is the long supply read. For the signal, the price drivers and the questions people ask about Canton Coin, see mrnasdog.com/research/cc.

CC Inflation Analysis · October 2026 · Supply growing · projected to keep growing

Canton Coin (CC) supply is growing. In the 90 days to Oct 22 2026 the Canton Network created 2.10B CC — 1.94B as round rewards, 64.80M as development-fund grants and 90.12M as voted releases of unused rewards — while fee burning destroyed 1.35B CC. That leaves net new supply of +1.88% of the 39.90B CC in circulation, with about the same projected for the next 90 days. Canton Coin has no pre-mine, no vesting and no hard cap; its issuance ceiling is 10B CC a year until mid-2029.

The verdict, in one paragraph

Canton Coin added +1.88% net to its supply over the last 90 days, and the same mechanisms project about +1.88% for the next 90. Other trackers show +1.96% for the same window, a gap of 0.08 percentage points, so the two readings agree and no warning flag is shown. Every CC that exists was created as a reward for running or using the network, and every network fee is paid by burning CC, so supply is the running balance of two live flows. Right now rewards win by about 750M CC a quarter. Canton Coin is inflationary by design, with a fee burn that cancels about two thirds of the new coins.

Sell pressure: where new CC comes from

Protocol inflation is the main source: 1.94B CC in 90 days. Canton Coin runs in rounds of about ten minutes, and every round it pays rewards to the apps that bring activity, to the validators that host users and to the Super Validators that run the network. Across the 12,604 rounds between Jul 24 and Oct 22 2026, apps earned 1.41B CC, validators 266M and Super Validators 269M — about 21.6M CC a day. The issuance ceiling for this stage of the Canton Coin schedule is 10B CC a year, about 2.47B per 90 days, and the network paid out roughly 79% of it. The pace barely moved from month to month, so we carry it forward unchanged.

Vesting unlocks are zero. Canton Coin launched with no pre-mine and no allocation for a team, a company or investors. There is no unlock calendar, no cliff and no investor overhang waiting in a contract — a rare shape among large tokens.

Foundation and unscheduled unlocks add 64.80M CC. Five percent of every round’s ceiling is set aside for a development fund. Those coins are not created when they are set aside; they are created when a grant actually pays out. In the window, 85 grant payouts created 64.80M CC, for work such as validator scalability and other network projects. Grants pay out every week, so we treat this as a steady flow and project the same amount for the next 90 days.

Long-term locked or bankruptcy supply is zero. No bankruptcy estate, court-held pile or escrow of Canton Coin waits to be released.

Voted releases from unused rewards add 90.12M CC. When a round’s rewards are not fully earned, the rest goes into a reserve of unused rewards. Only a vote of the Super Validators can release it, usually to a project that met a milestone it agreed with the network. Eight such releases became new coins in the window: 25.42M CC to Zenith on Sep 5 2026, 19.62M to a LayerZero vault on Aug 13, 19.23M to Chainlink on Jul 31, 15.09M to Wormhole on Sep 18 and four smaller ones. Two approved releases were never claimed and expired, so they created nothing. Votes like these have passed in nearly every month of the past year, so we project the same 90.12M for the next 90 days.

Buy pressure: where new CC goes

The fee burn removed 1.35B CC in 90 days. Canton Network fees are priced in dollars but paid by burning Canton Coin: to send transactions, a validator buys network traffic and the CC it pays is destroyed. Users burned 1.35B CC in the window, about 15.0M CC a day, which cancels about 69% of the new reward coins and about 64% of all new CC. Because the fee is set in dollars, a lower CC price means more coins burned for the same activity, and a higher price means fewer.

There is no programmatic buyback. No contract or treasury buys Canton Coin back; the burn is the network’s only built-in way to remove CC. There is no foundation buy either. Funds and companies that buy Canton Coin take coins that already circulate, so their buying moves coins between holders without changing the supply count.

New long-term locks book zero. Super Validators must lock CC to keep their full weight, and featured apps must lock CC to keep their rewards; the app locking wallets alone hold about 869.6M CC. All of those coins still count as circulating, so the locks take nothing out of the count, even though they keep a large amount of CC off the market for now.

Foundation and overhang

Canton Coin has no team treasury from a pre-mine, so its overhang is made of rights to create coins rather than piles of coins. The largest is the development fund: about 179.6M CC has been set aside for it but not yet paid out, and it grows by about 9,500 CC every round. The second is the reserve of unused rewards, which only a network vote can release; its size is not published in one place, so we follow each vote as it happens. Neither counts as supply until a grant or a vote turns it into coins, which is why both show up as sell pressure only when they pay out.

The foundation’s own Super Validator reward wallet holds 30.58M CC, and Super Validators and featured apps hold large locked balances. Those coins already count as circulating, so moving them adds nothing new. We re-check the development fund and the governance votes at every rebuild: if the unpaid development balance falls or a new release vote passes, the coins it creates enter the sell side at the next refresh.

How CC compares to other burn-and-mint Layer 1 chains

Canton Coin is closest to the burn-and-mint equilibrium model: rewards create coins on a schedule, usage destroys coins at a dollar price, and the supply settles wherever the two meet. Helium uses the same idea for its network credits. The difference with Canton Coin is that the dollar fee is paid directly by burning CC on every transaction, so the burn tracks real network traffic each round rather than a separate conversion step.

Against Ethereum, the shape is similar but the sizes are not. Ethereum also pays new coins to the people who secure it and burns part of every fee, but its burn has recently covered only a small share of new issuance. Canton Coin’s burn cancels about two thirds of its new reward coins, so a much larger part of its new supply is absorbed by its own users. Canton Coin, like Ethereum, has no hard cap.

Against Solana and other chains whose inflation falls a little every year, Canton Coin steps down in large jumps instead: its issuance ceiling halves from 10B to 5B CC a year in mid-2029 and to 2.5B from mid-2034. Until then the ceiling stays flat, so whether CC supply grows or shrinks depends mostly on how much the network is used and on the CC price.

What to watch in the next 90 days

DTCC’s tokenization launch. DTCC said it plans to start its tokenization service by the end of October 2026, with 25 securities on two networks, Canton among them. More activity on Canton means more fees, and every fee burns CC.

New release votes from the unused-reward reserve. No release vote is open as of Oct 22 2026; the last one paid 15.09M CC on Sep 18. A large new release would add directly to the sell side.

Traffic-based app rewards. A change that ties app rewards to the traffic apps actually create has run in test mode since July 2026. If it goes live it could change how much of the ceiling is paid out, which is the biggest single number on the sell side.

Super Validator weight votes. A vote closing Oct 29 2026 trims the foundation’s reward weight, and new Super Validators such as LSEG, Marex and a16z are being added. These votes move who receives rewards, not how many are created.

The CC price. Fees are fixed in dollars, so the burn in CC rises when the price falls and shrinks when it rises. A large price move changes the net supply number even if activity stays the same.

Summary

Canton Coin supply grew +1.88% in the 90 days to Oct 22 2026 and is projected to grow about the same in the next 90 days: 2.10B CC was created as rewards, grants and voted releases, and the fee burn destroyed 1.35B CC. CC has no pre-mine, no vesting and no hard cap; every coin is earned by running or using the Canton Network, and every fee burns CC. The key risks are a larger share of the 10B-a-year ceiling being paid out and new votes releasing unused rewards; the key support is network usage, which grows the burn. The ceiling stays at 10B CC a year until mid-2029.

MrNasDog Pressure Framework analysis of CC, Metric 1 — Inflation. Data + explanation only. Not financial advice. Checked Oct 22 2026.

Original: https://mrnasdog.com/research/cc/inflation · Data + explanation only. Not financial advice.