Manta Network, a layer-2 blockchain powered by zero-knowledge proof, faced challenges during its billion-dollar token listing. The network was hit by a distributed denial-of-service (DDoS) attack on Jan. 18, with 135 million RPC requests causing a temporary network paralysis. There was also speculation regarding the transfer of 2 million MANTA tokens to the personal wallet of a Korean business development representative, but it was clarified that this was an investment support for the decentralized finance (DeFi) project LayerBank. Despite these setbacks, the network has returned to normal and currently has a fully diluted market cap of $3.1 billion. According to Kenny Li, co-founder of p0x labs, the creator of Manta Network, the protocol's profit margins have significantly improved through its layer-2 technology, saving users approximately 1 million over the past 30 days. Moving forward, the network plans to allocate ecosystem grants to projects with strong historical performance and focus on business development in Korea. However, the project has had to put aside its original goal of exploring the privacy aspect of zero-knowledge technology due to regulatory clarity and scalability issues. Instead, it is focusing on zero-knowledge enabled decentralized applications. Read more AI-generated news on: https://app.chaingpt.org/news