Canton Network Leads May RWA Fee Ranking with $65 Million
- Fee Leadership: Canton Network topped the May RWA fee ranking with $65 million collected, demonstrating its dominant position in the institutional tokenization chain, significantly outpacing competitors and highlighting its importance in large asset transfers and financial workflows.
- Market Growth: The total fees across RWA projects exceeded $101 million in May, with Canton accounting for approximately 64%, indicating that the fee model for institutional RWAs is rapidly evolving into a crucial revenue source for the market.
- Strong Institutional Demand: Canton’s success stems from its service to regulated financial institutions that require privacy and settlement controls, targeting not just wallet users but also banks and asset managers, underscoring its strategic significance in tokenized finance liquidity.
- Evolving Competitive Landscape: Securitize and Centrifuge collected $5.85 million and $4.8 million respectively, indicating that traditional asset managers are also entering this fee competition, further driving diversification and maturation of the RWA market.
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Technical Analysis for CFG
Technical Sentiment Analysis for Centrifuge (CFG). As of , Centrifuge (CFG) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CFG stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, CFG is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Centrifuge (CFG) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.118 | 0.151 | 0.182 | 0.214 | 0.245 | 0.277 | 0.308 |
| Fibonacci | 0.151 | 0.175 | 0.19 | 0.214 | 0.238 | 0.253 | 0.277 |
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