# The Modular Thesis

*Author: Bankless*
*Published: Apr 9, 2024*
*Source: https://www.bankless.com/es/modular-thesis*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/Frame-50474--7--2--1--1.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=2024-is-the-year-of-modular-expansion&email=true)

  

The Modular Thesis

  

  
  Published on Apr 9, 2024

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=2024-is-the-year-of-modular-expansion&email=true) — Mass adoption of decentralized & token-governed technologies.

[Visit mantle.xyz to Learn More](https://www.bankless.com/sponsor/mantle-1706216729?ref=2024-is-the-year-of-modular-expansion&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
  Stablecoin Drama

  
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/Group-15-1.png)](https://www.bankless.com/dashboard)- **😡 Warren calls foul. **As McHenry and Waters near finalizing stablecoin legislation, crypto hawk Warren [sent a letter to her colleagues](https://www.politico.com/newsletters/morning-money) arguing that enshrining stables would pose a financial risk to the U.S.
- 💰 **Monad’s big raise.** Monad Labs, the team behind the new L1 chain aiming to compete with Ethereum and Solana, just [announced a new $225M funding round](https://monadlabs.substack.com/p/monad-labs-raises-225m-in-funding) led by Paradigm.
- ⏳️ **Another SEC delay. **The SEC [announced a 45-day delay](https://www.sec.gov/files/rules/sro/nyseamer/2024/34-99921.pdf) regarding its decision on whether or not to allow NYSE to offer options on spot Bitcoin ETFs. 

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Toncoin's Epic Rise
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-09T175726.039.png)](https://www.bankless.com/toncoins-epic-rise)**📊 TONs of Utility?** Toncoin (TON) has continued to layer on gains this month, establishing itself as one of crypto’s top 10 coins by market capitalization after surging 50% off its April lows to obliterate prior all-time highs! *What catalysts are driving TON outperformance?*

[Read More Free on Bankless.com](https://www.bankless.com/toncoins-epic-rise)

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.60T
       

  
    
    ↘ 3.6%
    
  

   
    
    ↗ 4.8%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $69,398
       

  
    
    ↘ 3.2%
    
  

   
    
    ↗ 5.6%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,519
       

  
    
    ↘ 5.0%
    
  

   
    
    ↗ 7.3%
    
  

  

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    ANALYSIS

  
  
    
   
  The Year of Crypto's Modular Expansion
  
  
   
     
     Guest Author: 
     
      [
       
       @ayyyeandy](https://twitter.com/ayyyeandy)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-09T175714.086-1.png)](https://www.bankless.com/2024-is-the-year-of-modular-expansion)Modular Blockchains are already shaping up to be the biggest zero-to-one innovation in crypto since Ethereum. 

With dozens of tokenless protocols preparing to launch on mainnet this year and the modular narrative seeping through all cracks of crypto media,* I believe we are at the cusp of an expansion similar to what took place after the inception of smart contracts.*** **

*To start, let’s answer a seemingly simple question: ***What is a Modular Blockchain?**👇

[Read the Full Rundown](https://www.bankless.com/2024-is-the-year-of-modular-expansion)
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