canton network burns 15m CC tokens daily from $9t in monthly settlement volume. DTCC alone processes $5.9t/month in tokenized treasury repo through it. burn/mint ratio went from 0.15 to 0.65 in six months. $916m in annual burns on a sub-$6b market cap. that's 14% of market cap destroyed annually from production settlement, not speculation. circle and visa both running super validators. DTCC launching full tokenization services july 2026. the market is pricing CC like a speculative L1 when goldman sachs and jpmorgan are already settling trillions through it. track daily burn rate acceleration. that's your real-time institutional adoption metric.