The RWA sector has remained hot this year, but what I’m currently focused on isn’t the narrative—it’s whether the product is truly live and whether users are actually paying for it. Recently, a community member recommended I look into @cancore_io—and what stood out to me most is that it’s already generating real data. According to the official Dune dashboard, since launching its mainnet, Cancore has completed over 70,000 swaps, generated nearly $30 million in trading volume, and earned over $300,000 in revenue. This data proves one thing: Cancore isn’t stuck in PPT or testnet phase—it already has real users actively using it. Cancore positions itself as “The Liquidity OS for Tokenized Finance.” The problem behind this positioning is straightforward: Canton Network is where many large financial institutions settle tokenized assets, but because it’s permissioned by design, these assets remain isolated from public chain liquidity. Cancore acts as the execution layer between Canton and public blockchains, providing direct trading routes for assets across different networks. It currently connects five networks—including Canton Network, Ethereum, Arbitrum, and BNB Chain—supports 23 tokens and over 250 trading pairs, with Solana support coming soon. What’s important to clarify here is that Cancore is not a traditional cross-chain bridge. It doesn’t require users to deposit assets with an intermediary and mint wrapped tokens. Instead, it uses HTLC-based atomic settlement. Simply put: buyers and sellers lock their assets on their respective chains using the same cryptographic condition—either both sides complete the swap simultaneously, or funds are returned to each party if the timeout expires. Throughout this process, assets remain on their native chains—no third-party custody is involved, and no additional trust in relay validators is required. I believe this is what truly makes Cancore worth paying attention to. Tokenization solves how to get assets on-chain; atomic settlement solves how to securely trade those assets across different chains afterward. For RWA to evolve beyond “on-chain issuance” into truly tradable and configurable financial markets, liquidity and settlement are inevitable gaps to close. Cancore also plans to introduce Agentic Trading: users will be able to tell an AI what they want to trade and under what conditions, and the agent will execute within predefined risk boundaries—without altering asset control or the atomic settlement mechanism. If you’re interested, try making an actual swap on Cancore yourself. Compared to just reading project descriptions, going through the full process of locking, claiming, and settling assets will give you a much clearer understanding of what problem it’s really solving.