Join Katie Talati, Arca’s Head of Research, weekly on Wednesday at 4PM EST / 1PM PST as she shares notable token activity over the past week and her insights on what market events drove these token price movements.
* CC (-20%) – The Layer-1 Canton Network launched its token, CC, for live trading on Monday. The protocol, which has been operational for just over a year, emphasizes privacy and interoperability — features essential for banks, insurers, and asset managers in traditional finance (TradFi) to use blockchain technology effectively. Canton has successfully onboarded a significant number of institutions, including JPMorgan, Citi, Goldman Sachs, Barclays, and many others, who have reportedly deployed billions of dollars in tokenized real-world assets (RWAs) onto the Canton network. Since its launch, the CC token has lost about 20% of its value and is currently valued at $4.3 billion.
* LDO (+9.6%) – Lido, an Ethereum staking provider, released a governance proposal yesterday outlining a buyback mechanism for the LDO token. The proposal outlines a buyback system that would repurchase LDO tokens with wstETH, as Lido generates revenue from staking ETH rewards. This buyback will only occur under certain conditions: specifically, when the price of ETH is above $3,000 and annualized revenues exceed $40 million (since revenues are denominated in ETH). Once these conditions are met, 50% of the revenue will be allocated to repurchasing LDO tokens. According to the proposal, the mechanism is expected to be implemented in the first quarter of 2026 due to its complexity. Over the past year, Lido has generated approximately $88 million in revenue, which could result in buybacks of around $24 million of LDO tokens at this revenue level.
* UNI (+50%) – After a long wait, the decentralized exchange Uniswap has finally released a proposal, created in collaboration between its labs division and foundation, to activate its fee switch. The proposal suggests implementing these fees for the v2 pools followed by the v3 pools on the Ethereum mainnet, with plans to extend them to Layer 2 solutions and other Layer 1 blockchains in the future. The fee tiers will vary based on the version and pool type. Additionally, the team has promised to burn 100 million tokens from the treasury and will remove the 0.25% fee that was previously charged to users on the front-end interface. Many are seeing this as a significant success, marking a major shift from the past few years when Uniswap largely overlooked its token.
