General purpose blockchains are dead. Ethereum and Solana pioneered DeFi and built the world's most active programmable financial ecosystem: 76M+ deployed smart contracts, 127M active wallets, and $160B in DeFi TVL. That foundation is real and it matters, but the institutions moving trillions on-chain chose different infrastructure entirely. @CantonNetwork already processes $9T in monthly institutional settlement, DTCC is tokenizing U.S. Treasuries on it, Broadridge processes $8T+ in monthly repo on it, JPMorgan and HSBC are running production operations on it. These two worlds weren't competing, they were building in different languages for different requirements, with no native connection between them. Our recent report (p.19) cites Canton's Polyglot Whitepaper on what was needed: "Canton Network aims to apply the best parts of crypto and DeFi to traditional finance, and to break down the currently hard barrier between those two worlds." Zenith is what makes that breakdown real. Solidity developers deploy existing code without modification, EVM execution routes natively through Canton's consensus, and DeFi protocols become atomically composable with the institutional assets and capital flows that have been operating on Canton for years, without asking either side to compromise on what makes them work. Dive into the full “Canton or Ethereum” report: Zth.
