Manta Network links Manta Atlantic and Manta Pacific with a seamless token bridge, enhancing user accessibility and interoperability.
Manta Network’s modular approach within the Polkadot ecosystem aims to offer low gas fees and improved user experiences for ZK-enabled applications.
Manta Network, a prominent player in the Polkadot ecosystem, has achieved a significant milestone by introducing a seamless token bridge between its core chains, Manta Atlantic and Manta Pacific.
1/ 👉👈 Manta Connecting the DOTs!
Thanks to @MantaNetwork, the Polkadot community has its first substrate-native token bridge to an Ethereum Layer 2 network enabled by XCM!
See more ⬇️https://t.co/Vzz0jmmRRN
— Polkadot (@Polkadot) January 24, 2024
This development paves the way for enhanced interoperability and accessibility within the Manta Network ecosystem, enabling users to efficiently transfer their assets and participate in various activities across both chains. Notably, Manta Pacific, as the modular Layer 2 ecosystem for EVM-native ZK applications and dApps, prioritizes low gas fees and a superior user experience.
Manta Bridge and cBridge Integration
The introduction of the cBridge has further strengthened Manta Network’s ecosystem, a cross-chain bridge powered by Celer. This bridge connects Manta Pacific and Manta Atlantic, allowing seamless transfers of the MANTA token between the two chains. This development enhances accessibility and utility for users within the Manta ecosystem.
Manta Network, known for its modular approach to blockchain and zero-knowledge (ZK) applications, originally began its journey with Manta Atlantic, a high-speed ZK L1 chain on the Polkadot network. Later, Manta Pacific, a community-driven modular L2 ecosystem, was introduced to expand the Manta ecosystem.
Manta Atlantic’s Staking Program
On Manta Atlantic, users are presented with a unique opportunity to stake their MANTA which benefits individual participants and bolsters the network’s security through the collator program. In return for their active participation, users are rewarded accordingly.
Commencing the staking journey on Manta Atlantic is a straightforward process. Adding the Manta Wallet Chrome extension or any other wallet that supports Manta Atlantic is easily accomplished for users without an existing Manta Atlantic-compatible wallet. Subsequently, users are encouraged to fund their wallets with the requisite amount of MANTA staking initiative within Manta Atlantic not only empowers users to participate actively in the network but also reinforces the security and integrity of the overall ecosystem, making it a mutually beneficial endeavor.
Key Features and Offerings
Manta Atlantic offers a range of features designed to enhance user engagement and experience. Among these features, the bridge facilitates cross-chain transactions between Manta Atlantic and Manta Pacific through the cBridge powered by Celer, allowing seamless transfer of MANTA, the staking mechanism enables easy exchange of MANTA ange feature, encouraging node maintainers to run collators for efficient token management within the Manta ecosystem.
Moreover, it provides a decentralized exchange functionality known as Mantapay, allowing users to exchange MANTA ity Staking Tokens (LST), powered by Bifrost, allow users to stake tokens and provide liquidity, thereby contributing to the overall liquidity of the Manta Network.
Market Performance of MANTA Token
The MANTA token has showcased a dynamic market performance since its debut in open markets on January 18, 2024. With a limited total supply of 1 billion tokens, the MANTA token initially started trading at approximately $2.3212.
In its initial hours post-launch, the token witnessed significant price fluctuations, soaring to as high as $2.67 before settling at $2.05. Key factors contributing to this volatility include Binance’s listing of MANTA tokens and a notable airdrop of $50 million worth of tokens.
The addition of the MANTA token to Binance, a renowned crypto exchange platform, shortly after the project’s launch underscores its potential. Furthermore, other major exchanges have followed suit by listing MANTA tokens for trading, further boosting investor interest.
