Canto is a blockchain that was designed for DeFi services like lending, staking and liquidity provision. Since its inception, it has seen a total of $591 million bridged from Ethereum’s mainnet, but that figure has stagnated over the past month as daily inflows struggle to top $3 million versus more than $20 million seen earlier this year, according to data from Dune Analytics.
Source: https://www.coindesk.com/business/2023/05/30/the-plight-of-hyped-blockchain-canto-demonstrates-dreary-defi-outlook/?utm_medium=referral&utm_source=rss&utm_campaign=headlines