fidel
1.1K posts
network = net worth shilled by… chillguy dev? coded af
Found a massive overlooked neobank x privacy play on Base: $SEND 0xeab49138ba2ea6dd776220fe26b7b8e446638956 - ~6m MCAP (20m fdv - 31% circ supply). What is Send? Send is building a privacy-first payment stack with consumer-friendly apps. The token $SEND anchors value across their products (basically the core of the privacy ecosystem). The first flagship app is Canton Wallet, launched publicly as the opening move of the “/send privacy stack.” It’s designed for private transactions with a passkey-first UX (no seed phrase), and it’s already live on the web while iOS/Android are in development. Canton is built to link apps across institutions with strong privacy guarantees. Participants only see what they’re entitled to, while transactions remain verifiable. For consumer payments, that means Send can deliver retail-grade UX and institution-grade privacy at the protocol layer. That’s a different conversation than “just another wallet.” canton.network/protocol And this isn’t theoretical: Canton’s backers and participants include major financial names, with reporting on the network’s institutional ambitions dating back to 2023 (Microsoft, Goldman, Cboe, Deloitte). investopedia.com/microsoft-gold… - Send Team: Public team page lists: Ex-Coinbase engineer + ex-AWS Solutions Architect (Head of Strategy); senior DevOps from enterprise healthcare; a dev with Tamagui experience (the UI kit used by Uniswap/Rainbow). info.send.it/docs/welcome/t… - Funding: They’ve raised $690k across rounds. The full table (date, amount, price, valuation) is open in their docs (rare transparency at this stage). info.send.it/docs/finance/f… - Finance pages: Ongoing revenue snapshots, treasury, and emissions are published, meaning you can track float and runway as catalysts approach instead of guessing. info.send.it/docs/finance/r… - They have received a Builder Grant by Base: x.com/base/status/18… - Usage is also breaking out: 4.86M total HTTP requests (+16.3%) 66.66 GB data transfer (+2.7%) 65.86k page views (+2.1%) 23.08k visits (+699%) 2.55M API requests (+21.9%) - From the team’s finance update: $50,000 in buybacks (two rounds: $25k + $25k) $100,000 added liquidity to stabilize access & depth Treasury now $240,000 USDC $300,000 USDC in protocol-owned liquidity (POL) deployed to the USDC–$SEND Aerodrome pool send.it/blog/strengthe… Why it makes so much sense: - Neobank momentum: On-chain “banking” experiences keep winning attention because they compress onboarding, payments, and rewards in one flow. - Privacy tailwind with institutional credibility: The Canton Network is a privacy-enabled L1 built for regulated markets, backed and used by serious players. That gives Send a differentiated wedge: consumer-grade UX riding rails institutions actually care about. TLDR: Real traffic + real buybacks + real POL + Base distribution + privacy rails. It won’t stay overlooked for long imo.
