MANTA PACIFIC's TVL Surge Highlights Its Growing Recognition in the Market

$MANTA PACIFIC, a Layer 2 blockchain designed for zero-knowledge (ZK) applications, has seen a significant increase in its Total Value Locked (TVL), indicating growing market recognition of its native yield L2 model. Created by a team with backgrounds from Harvard and MIT, $MANTA NETWORK has attracted investments from top Web3 funds like Binance Labs and Polychain Capital. The platform is currently based on OP Stack and fully compatible with the EVM environment and Solidity programming language. It plans to transition to ZKEVM based on Polygon CDK and leverage $MANTA's universal circuits for ZK-as-a-Service, aiming to provide low gas fees with Celestia's modular data availability.

$MANTA PACIFIC's development is planned in four stages, starting with the ALPHA version of its mainnet launched on September 12, 2023. The platform has introduced a liquidity incentive program called NEW PARADIGM, offering rewards such as token airdrops for users who stake their assets. The program promises a shorter payback period compared to similar initiatives like BLUR's BLAST. $MANTA PACIFIC's ecosystem includes protocols like STAKESTONE and MOUNTAIN PROTOCOL, which offer returns on staked ETH and $USDC, respectively. With over 200 ecosystem projects, $MANTA PACIFIC's TVL has surpassed other popular L2 blockchains, and its roadmap suggests it will become the first L2 to transition from Optimistic Rollup to ZKEVM using Polygon CDK.