What Canopy is
Canopy (CNPY) is a proof-of-stake Layer-1 blockchain, currently ranked 525th 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 $0.2968, Canopy carries a market capitalization of $32.64M. Around $1.11M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 3.40% of the float — a healthy level of activity for an asset this size.
Only ~42% of the 560M-CNPY maximum supply is circulating today, so emissions remain a live factor in price discovery. The token is roughly -54% under its record of $0.6450 — a meaningful but not catastrophic drawdown.
What the price history shows
Recent moves read 24-hour -6.74%, 7-day -27.16%.
Volatility profile
Recent action puts Canopy in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities.
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.
