Manta Pacific leads the way

Recently, the futures price of Blast on Aevo has soared. As TVL continues to grow, it has soared from a low of US$3.5 to US$15.5, winning market recognition for the L2 model that focuses on native returns.

Manta Network is a modular blockchain focused on zero-knowledge (ZK) applications, created by an experienced team of founders from prestigious institutions such as Harvard and MIT.

Thanks to the support of several top Web3 investment funds such as Binance Labs and Polychain Capital, Manta Network has made remarkable achievements in ecological construction.

According to Manta Pacific's development roadmap, it will be divided into four stages:

Manta Pacific Alpha (Ethereum L2)

In the current version, Manta Pacific is based on Ethereum's Optimistic Rollup and uses the universal circuit of the Manta network to enable developers to quickly build and deploy ZK-related applications.

Manta Pacific Alpha II（+Celestia DA）

During this phase, Manta Pacific will integrate Celestia’s modular data availability, significantly reducing gas fees for users to interact with dApps within the ecosystem.

Manta Pacific Beta (+ Transition to zkEVM)

Plans to fully transition to zkEVM and leverage Polygon’s ZK prover.

Manta Pacific Production-Level Mainnet I (+ Universal Circuit 2.0)

In the final stage, Manta Pacific will officially launch the mainnet, further upgrade the general circuit, achieve lower Gas costs, and use novel ZK technology to unlock new application scenarios.

New Paradigm Events

Recently, the Manta public chain launched a liquidity incentive activity within the New Paradigm ecosystem. Similar to Blast, users can obtain future token airdrop rewards by staking funds.

StakeStone和Mountain Protocol

In NewParadigm, the income of the ETH staked by users comes from the StakeStone protocol, while the income of the USDC staked comes from the Mountain Protocol. Next, we will introduce these two key protocols in the Manta ecosystem:

StakeStone

StakeStone is a full-chain LST (Liquid Stake Token) protocol dedicated to building a decentralized integrated staking protocol, providing easy staking services for stakers, supported by Hashkey Capital and audited by Secure3Audit.

Mountain Protocol

Mountain Protocol is an institutional-level compliant, regulated, yield-sharing stablecoin protocol, invested in by Coinbase Venture and audited by several well-known auditing agencies including OpenZeppelin.

Overview of ecological data and ecological projects

According to L2 Beat data, Manta's TVL has reached 559M USD, surpassing popular L2 public chains such as Linea and Starknet, and is currently ranked sixth.

The following is an introduction to some key ecological projects on Manta:

1. QuickSwap: QuickSwap is currently the DEX with the largest transaction volume in the Manta ecosystem, and is also one of the largest and most well-known DEXs in the Polygon ecosystem.

2. iZUMi Finance: iZUMi is a multi-chain DeFi protocol that provides one-stop liquidity services (LaaS). It innovatively proposes a discrete liquidity automatic market-making model and has received more than US$50M in financing from investors including IOSG Ventures, Distributed Capital, Hashkey Capital, and BIXIN Ventures.

3. LayerBank: LayerBank is currently the largest lending protocol in the Manta ecosystem. The protocol has been audited by Peckshield and its current TVL has reached 265M USD. It is deployed on Linea and Scroll, but its main TVL is distributed in Manta.

4. Symbiosis: Symbiosis is a cross-chain DEX and liquidity protocol that has received $2M in funding from DWF Labs, Shima Capital, Binance Labs, Dragonfly, Amber Group, etc.

5. PacificSwap: PacificSwap is a DEX protocol that adopts the ve (3,3) model. It is developed based on the Pancake Swap model and uses the innovative CLAMM algorithm.

6. AsMatch: AsMatch is an online dating application based on zero-knowledge proof ZK. Users can choose to match or not match other users by swiping left or right. They can also fill in the ZK Proof Key of zkSBT into the App to verify on-chain behavior and identity. It belongs to the Social category in Manta.

7. Orbiter Finance: Orbiter Finance is a decentralized Rollup bridge for transferring Ethereum native assets. It provides infrastructure for Layer 2 and is one of the largest cross-chain bridges. It has received $3.2M in financing from Starkware, Amber group and others.

8. Minibridge: Minibridge is a cross-chain bridge optimized for small transfer scenarios. It has the advantages of low fees and fast transfer. It is rated as the user's favorite bridge on dappsheriff. During the New Paradigm event, the fee is 50% off. MiniBridge is the winning team of Ethereum Shanghai 2023.

in conclusion

As the coin issuance in 2024 approaches, the airdrop of MANTA tokens is bound to inject new vitality into the L2 market. At the same time, Manta's integration with Celestia in the next stage, the dual characteristics of modular blockchain and ZK EVM will bring unique advantages to Manta. Therefore, in the case of ecological projects not issuing coins, coupled with the strong background of Binance investment, more participation in the interaction of the chain will increase asset returns and is expected to obtain future ecological project airdrops.