On December 23, 2025, Co‑founder and CEO Adam Liposky outlined Canopy's "layerless" approach for launching sovereign Layer 1 networks, with mainnet targeted for early 2026. He cited testnet results of 10,000 transactions per second with instant finality, a 20‑validator foundation, and a 504 million CNPY supply with block rewards split 85%/10%/5% across validators, delegators, and the DAO.