An under-the-radar layer-1 crypto project is exploding to new all-time highs this week amid the rollout of a new revenue feature.
Canto (CANTO), a permissionless general-purpose blockchain running the Ethereum Virtual Machine (EVM), is changing hands at $0.403 at time of writing, a more than 120% increase from where it was trading seven days ago.
The 196th-ranked crypto asset by market cap also printed a new all-time high of around $0.442 at one point on Friday.
Canto implemented a fee split model called “Contract Secured Revenue” (CSR) on Thursday, which allows users to earn a portion of the protocol’s transaction fees.
(By Conor Devitt)
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