Summary:
Manta Network has emerged as one of the top Layer 2 (L2) ecosystems on the Ethereum platform, with $850 million Total Value Locked (TVL). The network consists of two innovative networks: Manta Pacific, a distinctive L2 ecosystem for Ethereum Virtual Machine (EVM)-native zero-knowledge (ZK) applications, and Manta Atlantic, the fastest ZK Layer 1 (L1) chain on the Polkadot network. Manta Network has achieved significant milestones, securing funding rounds and attracting notable investors. It has processed over 8 million on-chain transactions and accumulated 529,000 wallet addresses within 100 days of its mainnet launch.
Introduction:
Manta Network is making waves in the crypto space with its multi-modular ecosystem designed for zero-knowledge (ZK) applications. Its two networks, Manta Pacific and Manta Atlantic, redefine the landscape by offering scalable and cost-effective solutions for ZK applications on the Ethereum and Polkadot platforms, respectively. Manta Network’s achievements include securing funding rounds and reaching a valuation of $500 million in its Series A round. The platform has seen rapid growth, with its Total Value Locked (TVL) crossing $850 million, and it has solidified its position as one of the top Layer 2 blockchains.
Main Points:
– Manta Pacific is a Layer 2 (L2) ecosystem operating on the Ethereum platform. It simplifies the deployment of Ethereum Virtual Machine (EVM)-native ZK applications by providing a scalable and cost-effective gas-fee environment. Manta Pacific has achieved significant success, processing over 8 million on-chain transactions and accumulating 529,000 wallet addresses within 100 days of its mainnet launch.
– Manta Atlantic is the fastest ZK Layer 1 (L1) chain within the Polkadot network. It introduces programmable identities and credentials through its implementation of zkSBTs, enhancing transaction speed and efficiency in the decentralized web.
– Manta Network has achieved impressive funding milestones, securing a $1.1 million Seed round, a $5.5 million funding round, and a $25 million Series A round. These funding rounds attracted prominent investors such as Polychain Capital, Qiming Venture Partners, and Coinfund.
– Manta Network has launched Manta New Paradigm, a Layer 2 blockchain that offers native yields on Ethereum and USDC at an attractive rate of ~5%. Users can stake ETH and US Treasury Bonds to earn returns on their deposits. Additionally, Manta New Paradigm provides various rewards, including a future airdrop of Manta tokens and access to liquid tokens such as STONE and wUSDM.
Conclusion:
Manta Network has established itself as a leading ecosystem for zero-knowledge (ZK) applications, with its innovative networks, Manta Pacific and Manta Atlantic. The platform has achieved significant milestones, including securing funding rounds and reaching a valuation of $500 million. Manta Network has processed millions of on-chain transactions and accumulated a large user base within a short period. The addition of Manta New Paradigm offers native yields and attractive rewards to users. The recent ‘Into the Blue’ airdrop campaign further demonstrates Manta’s commitment to nurturing its ecosystem and community.