Canton Network Shatters Records: $350 Billion Transactions Processed with V3.4 Update
Canton Network just flexed its institutional muscle, processing a staggering $350 billion in transactions. The V3.4 update isn't just a patch—it's a turbocharger for private, interoperable blockchain finance.
What V3.4 Actually Does
Forget the marketing fluff. This upgrade cuts through legacy settlement friction. It bypasses traditional correspondent banking delays by syncing private ledgers in near real-time. Assets move, contracts execute, and compliance checks run—all without dumping sensitive data onto a public chain. It's the infrastructure Wall Street whispered about but never built.
The Institutional On-Ramp
The record volume screams one thing: adoption. Major asset managers and banks aren't just testing anymore; they're moving real value. The network handles the complex, bespoke deals that define high finance—the kind that makes a public Ethereum transaction look like a grocery purchase. It turns blockchain from a speculative toy into a genuine utility for the suits.
A Quiet Revolution in Plain Sight
While retail traders chase the next meme coin, Canton is methodically rebuilding the plumbing. The $350 billion figure proves the model works at scale. It's a silent, billion-dollar rebuttal to anyone who said blockchain was only good for bypassing capital controls or buying digital apes.
The network's growth highlights a brutal truth in finance: the real innovation often happens in the back office, far from the ticker tape and hype cycles. It’s less about disrupting banks and more about making them faster, with a hefty fee for the privilege, of course.
Faster Processing and Higher Throughput Achieved
The Canton 3.4 update accelerates the speed of the Global Synchronizer, which is the principal catalyst for network transactions. It enhances the speed of task completion and the associated transactions that can be processed in a given period, given the optimized sequencer and smart contract processing.
Validators will be able to process a higher transactions per second (TPS) throughput. The validators can enter the network with less computing capacity, and this will eliminate bottlenecks as the network grows.
The user on-boarding process has improved, making it possible to open multiple wallets concurrently without consuming many network resources. Programmers are provided with an estimate of what the cost of transactions will be before execution, making it possible to optimize the process and reduce the cost incurred by users.
The Super Validators contributed significantly to the upgrade. They collaborated to identify ways in which the roll-out process could be completed 50% faster than initially expected. Their approval and collaboration demonstrate the network’s commitment to functioning properly and growing.
Canton Network Upgrade Targets Institutional Needs
The upgrade of the Canton Network caters to the demands of large clients regarding privacy, fast processing, and integration of money operations. Now, money operations, moving collateral around, and stablecoin payments are done 24/7.
The top names in the sector spoke positively about the improvement. ByBit was pleased to note that its users remained online during a time when over 600 new nodes were rapidly introduced, indicating a mature decentralized network in Canton. Andrei Pshenkin of wallet provider Bron commented on what matters to his organization’s users.
