Canto (CANTO)
Free public infra L1. Built-in DEX, lending, stablecoin. No rent-seeking.
Ranked 208th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
CANTO scores 86 of 250 across the 25-variable framework, which places it 208th of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.
The score rests on Insider Selling 5/10, 42nd of 251 and Holder Concentration 4/10, 58th of 251.
Against the same universe, CANTO sits in the bottom third on Exchange Depth 3/10, 220th of 251, Market Share 2/10, 203rd of 251, Institutional Adoption 2/10, 192nd of 251 and Revenue Trend 2/10, 191st of 251. These are the variables that would have to move for the verdict to change.
Only 60.8% of CANTO's total supply is in circulation, so 1.64x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 39.2% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
CANTO trades 99.88% below its all-time high of $0.7645. Recovering that level is a 833.3x move, not a 99.88% one, which is the arithmetic most drawdown charts hide.
The framework score gained 86 points against the previous pass (0 to 86). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 2 | 166th of 251 | |
| Revenue Trend | 2 | 191st of 251 | |
| P/S Multiple | 4 | 104th of 251 | |
| Real Staking Yield | 4 | 82nd of 251 |
Supply
| Supply Inflation | 4 | 146th of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 5 | 135th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 2 | 203rd of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 2 | 192nd of 251 | |
| Exchange Depth | 3 | 220th of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 3 | 158th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 4 | 147th of 251 | |
| Treasury Runway | 4 | 181st of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Free public goods funding via revenue from DeFi protocols on Canto L1.
Principal risk
Low liquidity and limited dApp network relative to larger L1s.
Market and supply
| Price | $0.000882 |
| Market cap | $536.4Krank 3507 |
| All-time high | $0.76457 Feb 2023 |
| Circulating supply | 608,465,729 |
| Eventual supply (total supply) | 1,000,000,000 |
| Dilution to full supply | 1.64x |
| Listed on | Gate.io, MEXC, Sushiswap |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to CANTO measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Common questions
- What is the Early Thunder score for Canto (CANTO)?
- CANTO scores 86 out of 250 on the 25-variable framework, ranking 208th of 251 rated tokens (bottom quartile). The framework verdict is PASS.
- What are CANTO's strongest fundamentals?
- CANTO ranks highest on Insider Selling 5/10, 42nd of 251 and Holder Concentration 4/10, 58th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the CANTO thesis?
- CANTO scores in the bottom third of the universe on Exchange Depth 3/10, 220th of 251, Market Share 2/10, 203rd of 251, Institutional Adoption 2/10, 192nd of 251 and Revenue Trend 2/10, 191st of 251. The single risk carried on the scorecard is: Low liquidity and limited dApp network relative to larger L1s.
- How much CANTO supply is still to enter circulation?
- 60.8% of eventual CANTO supply is circulating today, leaving 1.64x the current float still to arrive. At a flat price per token that is 39.2% of fully diluted value ahead of current holders.
- How far is CANTO from its all-time high?
- CANTO trades 99.88% below its all-time high of $0.7645. Returning to that high requires a 833.3x move from the level used in this scoring pass.
- Which tokens have a similar profile to CANTO?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to CANTO are HOPR (92), LEVER (87), GLMR (94) and SXP (88). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for CANTO?
- Free public goods funding via revenue from DeFi protocols on Canto L1.
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.