Canton CEO Yuval Rooz says smart contract blockchain valuation faces challenges

Canton blockchain co-founder and Digital Asset CEO Yuval Rooz stated that most smart contract networks lack sufficient activity and revenue to support valuations in the billions of dollars. He pointed out that Canton links value to usage by burning tokens with each transaction and allocating issuance to applications that generate fees. In addition, Rooz believes that stablecoins need to have more than half of their use cases unrelated to crypto trading in order to truly achieve product-market fit.