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Onchain Alpha: Manta Pacific — Layer3

January 26, 2024
in Web3
Reading Time: 3 mins read
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Dive into Manta Pacific’s new EVM-compatible, zk-powered Layer 2 community. See the way it compares to opponents and discover main dapps.

Manta Jumps into Prime L2s

The race to scale Ethereum has a brand new contender. In January, Manta Pacific grew to become the third-largest Layer 2 by whole worth locked. By this metric, almost $1.45 billion value of crypto property have consolidated on Manta Pacific’s new L2 resolution.

Manta Pacific’s latest surge has been pushed by incentives, tokenomics, and distinctive technical virtues. It goals to be “The one Ethereum L2 with native yield for ETH and stablecoins.” Customers bridging from Ethereum to Manta throughout its New Paradigm occasion may earn 4-5% fastened yield on ETH and stablecoins plus MANTA token rewards.

Uncover Manta’s Tech Stack

Its wealthy incentives are matched by progressive technical particulars. Manta Pacific permits sooner, cheaper transactions with Ethereum compatibility — by way of a definite method versus different L2s. Manta Pacific fuses a number of tech pillars for its scalability resolution:

Modular Information Availability by way of Celestia: Manta Pacific makes use of Celestia for information availability, considerably lowering the information portion of transaction prices for customers.

Optimistic Rollups by way of the OP Stack: Manta Pacific achieves EVM compatibility by way of the OP Stack codebase whereas driving transaction prices down by way of Optimistic Rollups.

Common Circuits for zk apps: On Manta, zero-knowledge functions will be created with Common Circuits that allow zk contracts for Solidity dapps.

Transition to full zkEVM by way of Polygon CDK: Manta Pacific Beta goals to marry Polygon’s zk prover with its OP Stack for a unified structure fusing all tech pillars.

As a community unifier, MANTA was not too long ago issued as its native utility and governance token. Holders can vote on community proposals, pay fuel charges, and stake to validate.

Discover Manta’s Prime Dapps

Will Manta Pacific have the ability to maintain its exceptional momentum? Discover it for your self:

Though its mainnet solely launched in 2023, a vibrant DeFi ecosystem has been rising. Discover LayerBank’s onchain cash market, swap and LP on Manta Pacific’s finest DEXes, and extra.

By enabling transaction verification with out revealing underlying data, zk tech can remodel cash, finance, and past. Ship encrypted messages throughout chains by way of Dmail on Manta Pacific.

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Tags: AlphaLayer3MantaOnchainPacific
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