Crypto: Canton’s Yuval Rooz Says Crypto Is Finally Repricing ‘empty Shell’...

The cryptocurrency market sell‑off is forcing a reckoning in the industry to reward blockchains with real business models, where value flows to token holders and users rather than intermediaries or speculative order flow, according to Yuval Rooz.

He pointed to Canton Network and derivatives exchange Hyperliquid as examples of what investors are gravitating toward.

Canton Network’s cryptocurrency rose 25% in the past month, while Hyperliquid (HYPE) surged 28%, according to CoinGecko.

“What people start to understand is that all of the crypto narratives have been empty shells,” said Rooz.

Architecture and token design are the differentiators for institutions, Rooz claimed. For public chains, the architecture they rely on to connect to other networks is bridges.

“Bridges inherently are not interoperability,” he said.

Bridges move assets from one blockchain to another by locking them on their origin and releasing equivalent-value tokens on the destination network. As the assets remain locked in a contract, they are often targeted by hackers.

The growing reliance on bridges has also drawn regulatory scrutiny, not just because of their security vulnerabilities but for their role in obscuring transaction flows.

Related: Temple Digital Group launches 24/7 institutional trading built on Canton

Blockchain security company Elliptic estimated that at least $21.8 billion in illicit or high‑risk crypto flowed through decentralized exchanges, cross‑chain bridges and swap services in 2025.

Source: CoinTelegraph