The $SEND and Canton Network thesis:
With @CantonNetwork being the top gainer in the last 7 days across the top 300 cryptocurrencies, a rumoured partnership with the Nasdaq, over 600 major institutional partners and $400 billion dollars of RWA TVL, Canton are fulfilling the prophecy of tokenisation and institutions moving on chain.
With adoption like this which hasn't been seen before, there is certainly a case to be made for $CC trading at multiples higher than the current valuation.
Send's role within the Canton ecosystem:
$SEND is a privacy-first payments app built on Canton and also a key network validator.
They allow instant global payments, privacy-first transactions and integration with @CantonWallet
Notably, they are developing a private stablecoin which is very on meta. This stablecoin is directly backed by the Canton Foundation: x.com/Send/status/199305348779...…
Some more data on send:
- ~$5m generated from validator rewards (~$40m in CC at current valuation)
- Top-5 validator and the only liquid proxy to a ~$5bn underlying project
- ~$15m in assets in treasury (mostly non-native exposure)
- Direct exposure to the privacy × stablecoins narrative, send are launching a private stablecoin directly backed by the canton foundation.
- Virtually zero CT discussion, with price basing and a clearly bottomed-out chart trading at sub 10m circ.
CA: 0xEab49138BA2Ea6dd776220fE26b7b8E446638956
