CANVAS, legally known as Canvas Technology Pte. Ltd., is a blockchain infrastructure company focused on addressing the scalability and high transaction cost (gas fee) issues on the Ethereum network. The company has developed a Layer 2 scaling solution based on StarkWare's ZK-Rollup technology. This technology bundles thousands of transactions into a single batch, processes them off-chain, and then submits a cryptographic proof to the main Ethereum chain. This method significantly reduces gas fees and increases transaction throughput, aiming to make Decentralized Finance (DeFi) applications more efficient and user-friendly for both developers and end-users.