MANTA (Manta Network) Project Analysis
1. Research Institute Comments:
Manta Pacific, a modular Layer 2 solution on Ethereum, is the first to transition to modular DA (Data Availability) using Celestia. Transactions on Manta Pacific incur only a fraction of the execution cost compared to other L2 solutions. Although Mantle Network lags in TVL compared to leading L2 projects like Optimism and Arbitrum, it is expected to grow with the enrichment of its ecosystem and user base.
2. Recent Breakout Points:
Manta Network introduces the "Into the Blue" airdrop program, allowing users to check eligibility based on their contributions to the ecosystem over the past 3 years, now available on Binance Launchpool.
3. Project Introduction:
Manta Network is a modular ecosystem for web3. Users can build and deploy any Solidity-based decentralized application on Manta, providing faster transaction speeds and lower gas costs than both L1 and L2.
4. Token Utility:
- Governance: MANTA token holders can vote on network governance decisions for Manta Pacific and Manta Atlantic.
- Staking: Staking MANTA contributes to maintaining the overall security of Manta Atlantic.
- Collector Delegation: MANTA holders can delegate their assets to collectors or stake MANTA to run their own collectors for network protection.
- Network Fees: Manta Atlantic utilizes MANTA to pay transaction fees.
- Native Liquidity and Collateral: MANTA serves as native liquidity and collateral within the Manta ecosystem.
5. Tokenomics:
- Maximum Token Supply: 1,000,000,000 MANTA.
- Launchpool Token Reward: 30,000,000 MANTA (3% of the maximum token supply).
- Initial Circulating Supply: 251,000,000 MANTA (25.1% of the maximum token supply).
- "Into the Blue" Reward: 50 million MANTA, with 30 million distributed as airdrop rewards and 20 million for the Great Treasure Hunt.
6. Project Highlights:
- Generalized ZK: Manta Pacific offers a generalized ZK circuit library, enabling Solidity developers to build ZK-supported applications with minimal code changes.
- Modular Call Data: Manta Pacific utilizes Celestia for modular DA, making it the most cost-effective L2 for transaction execution.
- 1zkEVM: Manta Pacific uses Polygon CDK to provide a type-1 zkEVM, offering a native EVM experience on L2.
- Permissionless: Manta Pacific is a public L2, providing equal opportunities for developers to build scalable applications.
- Native Yield: Manta Pacific supports native yields for ETH and USDC-based tokens.
7. Investment Institutions:
- Manta Network has received a total of $31.6 million in five funding rounds from various institutions, with Polychain being the largest investor.
8. Community:
- Twitter: 574,000 followers
- Discord: 250,000 members
- Telegram: 38,000 members
9. Special Economic Models:
- None
10. Future Outlook:
- Manta Network is a modular blockchain for Zero-Knowledge (ZK) applications, transitioning the data availability layer from ETH mainnet to Celestia as Layer 2. Manta Pacific is moving towards a multi-prover system for generating ZK proofs for batch transactions, ultimately becoming a zkEVM. Since migrating DA from ETH mainnet to Celestia, transaction fees have reduced by 99.8%. With a TVL exceeding $800 million, Manta Network shows promising growth.
Basic Information
Project Introduction:
Manta Network is a modular ecosystem for web3. Users can build and deploy any decentralized application based on Solidity on Manta, leveraging its technology stack to provide faster transaction speeds than L1 and lower gas costs than L2.
- Token Full Name: Manta Network
- Token Name: MANTA
- Project Website: https://manta.network/
- Project Documentation: None
- Block Explorer: https://pacific-explorer.manta.network/token/0x95CeF13441Be50d20cA4558CC0a27B601aC544E5?tab=token_transfers
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CoinW Institute
2024/1/17