Canto

Canto (CANTO) is an [EVM-compatible](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm) [layer-1 blockchain](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) with a core focus on making [Decentralized Finance](https://coinmarketcap.com/alexandria/glossary/defi) (DeFi) free to use. It forms part of the [Cosmos (ATOM)](https://www.coinlive.com/coin/cosmos) ecosystem of [interoperable](https://coinmarketcap.com/alexandria/glossary/interoperability) chains and [decentralized applications](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) (Dapps) and has enjoyed a rapid ascent since its launch in August 2022, due to its original vision. Canto aims to deliver on the early promise of DeFi by providing the best execution layer and incentivization for original development work and making new systems accessible, transparent and fully [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized). Canto is a grassroots project by a stable of DeFi advocates and didn’t benefit from any [venture capital (VC)](https://coinmarketcap.com/alexandria/glossary/venture-capital) or presale raises.