Manta’s ETH Layer 2 Blockchain Exceeds $900 mn
Manta Pacific, the native Layer 2 modular blockchain of Manta Network, has seen a significant increase in Total Value Locked (TVL) over the last quarter.
Launched just under four months ago, it started at $10 million and has now surpassed $900 million, making it one of the fastest-growing Layer 2 solutions in the Ethereum ecosystem.
The growth is attributed to Manta Network’s “New Paradigm” campaign, which bridged $850 million within three weeks.
This has led to increased user engagement, with over 540,000 active wallet addresses and 8.2 million total transactions.
Manta Network has also gained attention for its integration of Celestia’s modular data availability model, resulting in an 80% reduction in costs for developers and end users compared to other Layer 2 solutions.
(With inputs from Shikha Singh)
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