Modular Capital

Fundamental and thesis-driven crypto investment firm. No investment advice

[Mack 🦾 @DegenMack]

Metaplex DAO continues to accumulate $MPLX

That's 25% of the total supply held by the DAO that's not in circulation

Eventually there won't be any supply left

[Michael Bentley @euler_mab]

A year ago Euler had under $4m in deposits.

Today Euler has almost $4b.

We’ve spent a minuscule fraction of what others have to get here.

We are relentless.

We are just getting started.

More coming soon.

[Sehaj @0xSehaj]

🔒in.

[Piyush D ∿ @314yush]

ATH ATH ATH ATH

The northstar for us post TGE was to scale OI and Liquidity.

We've gone 3x now - scaled OI capacity to over $200M.

100M OI loading...

[Michael Bentley @euler_mab]

Euler is disproportionately good at generating fees and revenue.

7d fees on Euler the same as Morpho, and we have our fee switch ON.

Did you know the protocol quietly bought back 172k EUL and burned an additional 50k EUL?

That's 0.8% of the total supply in 1 year, anon.

[Euler Labs @eulerfinance]

162% revenue growth in the quarter.

Return to fundamentals.

[Joe Flanagan @joe_defi]

Deep look report at the future of Asset Management.
Now with $4bn in AUM @maplefinance is at a scale to imagine and create that future...Onchain Asset Management

[Piyush D ∿ @314yush]

ICYMI: YOU CAN NOW TRADE US EQUITIES PERPS FULLY ONCHAIN ON @avantisfi

[Sehaj @0xSehaj]

The fastest launch to hit $1B onchain volumes on @base. Glad we partnered with the chads at @aeroxyz.

Never under-estimate the power of community !

https://t.co/QXSYjBkOR9

[Robert Leshner @rleshner]

There’s now >$1,000,000,000 in Superstate tokenized funds, $USTB and $USCC.

I’m grateful to our partners, clients, and friends that have helped us reach this milestone 🥰

[Mack 🦾 @DegenMack]

The $MPLX circulating supply on Coingecko and Coinmarket Cap has been updated to exclude the 242mm tokens (24% of total supply) held by the Metaplex DAO

While the token is fully unlocked, there is a substantial portion of the supply that is unlikely to ever enter circulation

[Chakra Labs @chakra_ai]

Today, we're excited to announce GLADOS-1, the first computer-use (CUA) model post-trained using collective, crowd-sourced trajectories.

Post-trained on UI-TARS-7B-SFT, we improved performance of the base model on OSWorld.

[Pendle Intern @PendleIntern]

Pendle now generates > $100m revenue per year

That is quite a bit of money(!!!) 👏

Might do a breakdown of our different revenue streams in a bit so y'all can see what we're playing with

Pendle

[GEODNET @GEODNET]

The Robotics narrative is just getting started 🤖🔥

While the sector heads toward trillions ($370B by 2034, $5T by 2050), crypto’s robotics mcap sits at only ~$440M. We are still early, anon.

[Joe Flanagan @joe_defi]

Few teams in the space operating at the level of @PlasmaFDN . Add the @maplefinance growth machine and you get $200m raised < 1 minute

[Dennis Dinkelmeyer @DDinkelmeyer]

$200mn in 1 minute.

[Maple @maplefinance]

The @PlasmaFDN syrupUSDT Vault has been fully subscribed in under one minute.

A total of $200M USDT TVL will now be earning syrupUSDT interest, Drips rewards and XPL rewards (Post TGE).

Trillions.

[Pendle @pendle_fi]

"Pendle is our capital markets layer for yield"

In TradFi, interest rate swaps are the foundation of the yield market. The mechanism that lets institutions exchange fixed and floating cashflows, turning uncertainty into predictable returns.

It’s this simple yet powerful primitive that underpins trillions in lending, borrowing, and portfolio construction.

We're excited to bring that same yield economy with @PlasmaFDN and USD₮ 🫡

[DILL @dill_xyz_]

the ticker is $DL

[Veranta Foundation @VerantaFdn]

$AVNT perps will be available on @CoinbaseMarkets on 9/18.