What Canopy is
Canopy (CNPY) is a proof-of-stake Layer-1 blockchain, currently ranked 535th by market capitalization among the assets we track. Canopy is a Layer-1 smart-contract platform secured by proof-of-stake: validators lock CNPY as collateral, and the protocol slashes anyone who misbehaves. The token is simultaneously gas, collateral, and a claim on staking yield.
How consensus and the token economy connect
Validators propose and attest to blocks; honest behavior earns rewards, dishonest behavior burns the stake. That feedback loop is what lets Canopy finalize transactions without miners.
Background & fundamentals
In sector terms it is most often filed under Binance Coin (BNB) Token (BEP-20), Infrastructure, and Layer 1 (L1).
Where Canopy sits in the market
Trading around $0.2374, Canopy carries a market capitalization of $25.16M. Around $14.07M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 55.94% of the float — unusually high, the kind of churn that accompanies major news or speculative spikes.
Only ~41% of the 560M-CNPY maximum supply is circulating today, so emissions remain a live factor in price discovery. CNPY trades about -12% below its all-time high of $0.2689, within reach of prior peaks.
What the price history shows
Recent moves read 24-hour +31.59%.
Volatility profile
Recent action puts Canopy in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely.
How to evaluate Canopy
A grounded read on CNPY comes down to three questions:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of CNPY staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen Canopy over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
