Public-vs-permissioned chain share
Updated
What it is
This indicator tracks the relative share of institutional settlement and tokenization activity occurring on public, permissionless blockchains (such as Ethereum, Solana, and XRPL) versus permissioned institutional networks (such as Canton Network). It is one of eight inputs to AA's Productive Debasement Score because the venue choice for institutional settlement affects which assets capture economic value from growing on-chain financial activity.
Why it matters lately
Canton Network-based infrastructure processed over $9 trillion in monthly on-chain transaction volume as of 2026, with Broadridge's Distributed Ledger Repo platform built on Canton alone handling roughly $7.5 trillion in monthly settlement volume (about $357 billion average daily volume), up 68% year-over-year by June 2026. The DTCC began limited production trades of US Treasuries on Canton Network on July 13, 2026, with full commercial rollout slated for October 2026.
Asymmetric Analytics view
Inference (AA): The rapid 2026 scale-up of Canton-based institutional settlement volume versus public-chain tokenization activity is a key signal AA uses to track whether institutional settlement value accrues to permissioned infrastructure rather than public native tokens.