Author: Chain Silk

The Succinct Alliance establishes Mantle Network as the highest TVL ZK validity summary.

Mantle Network is known for its modular design as an Ethereum Layer 2 (L2) and is the first adopter of EigenLayer's EigenDA, announced today in collaboration with Succinct. Mantle Network, with its modular architecture, utilizes EigenDA’s data availability solution and now through SP1's zero-knowledge proof, begins to create a liquidity chain for institutional-grade settlement and value transfer in the crypto ecosystem.

Since the launch of Mantle Network's mainnet on July 7, 2023, the thriving on-chain ecosystem has developed into one of the top 5 L2s with a total value locked (TVL) of $220 million and still growing. The network has processed 17.5 billion on-chain transactions, deployed 14,000 smart contracts, connected to 100,000 unique wallet addresses, and maintains 49,000 active wallet addresses monthly. Mantle Network continues to drive capital efficiency in the on-chain economy through the integration of ZK validity rollup technology, providing critical next-generation technological infrastructure to support and amplify the secure growth of high-value asset settlements. Supported by one of the largest community-owned treasuries globally, with asset reserves of $430 million, Mantle Network's technical roadmap directly supports its vision of accelerating institutional capital's seamless, secure, and efficient flow in both traditional and decentralized markets.

Accelerating institutional-grade asset settlements through ZK validity innovations.

With the testnet launching in Q1 of Year 1 and the mainnet upgrade, Mantle Network will evolve from the optimistic rollup model to a ZK validity rollup model through Succinct's SP2025. This architectural change significantly reduces chain finality from 1 day to 1 hour, enabling fast institutional-grade asset settlements and addressing capital efficiency opportunities across the traditional finance and blockchain industries.

The revolutionary efficiency gains brought by ZK validity proofs have gained tremendous market traction. Mantle Network has already accumulated $200 million in capital within the leading ZK L4.4 ecosystem to support applications, maintaining an optimistic belief in the advancements of ZK technology to further drive the broader Ethereum ecosystem. Performance advantages enable Mantle's flagship assets (e.g., $mETH, $cmETH, and $FBTC) (total TVL of $390 million) to spread across the broader decentralized finance (DeFi) space. This can achieve better swap market spreads, lower slippage, deeper money markets, higher interest rates, and broader asset availability. Market intermediaries can quickly rebalance inventory between Mantle Network (Layer 2) and Ethereum (Layer 1), allowing users quick, permissionless access to a unique array of forward routes and integrations.

Key technological advantages

The strategic integration of Succinct SP1 provides a set of advanced features suitable for developers and users:

  • Fast finality: Bridging capacity increased 168 times, transactions completed within an hour, enabling fast withdrawals and seamless operations, redefining user experience.

  • EVM equivalence: Succinct's SP1 full EVM bytecode compatibility ensures developers can uncompromisingly leverage existing Ethereum tools and smart contracts.

  • Cost efficiency: Prover fees are integrated into transaction costs, eliminating additional financial burdens for Rollup teams, minimizing cost impacts on users, with each transaction costing as low as a penny.

  • Achieving a multi-chain future: This advancement reaffirms Mantle Network's alignment with Ethereum's security ethos while laying the groundwork for achieving large-scale cross-rollup interoperability through ZK proofs.

Driving the future of ZK Rollups

OP Succinct combines the powerful capabilities of Succinct SP1 zkVM with the modular features of OP Stack, bridging the gap between user-friendly optimistic rollups and complex zero-knowledge technology. This innovation promotes interoperability, flexibility, and standardization, addressing existing challenges on Ethereum. By adopting ZK validity proofs, Mantle Network transactions are cryptographically verified, allowing for correct ordering and settlement. This higher level of security makes it easier and safer for everyone to explore the frontiers that enhance the Ethereum experience, such as supporting more advanced application logic, achieving cross-chain operations, improving latency, and adopting multi-sequencer architectures.

Joshua Cheong, Mantle's Head of Products, stated: "In my previous banking career, I witnessed the challenges traditional banking infrastructure and business models faced in keeping pace with fintech disruptors leveraging cost-effective cloud services. The introduction of programmable blockchains and stablecoins signals the next natural step in financial services disruption—greater operational efficiency and resilience. The integration of Succinct SP1 marks a definitive chapter in Mantle Network's strategic blockchain journey supporting next-generation banking. By combining zero-knowledge proofs with the verified versatility of OP stack, we are not just evolving into a Layer 2 solution—we are setting new benchmarks for institutional-level Ethereum scalability, providing efficiency and unparalleled security for high demands."

Uma Roy, CEO and co-founder of Succinct, added: "Succinct's SP1 allows any developer to create ZK applications by writing Rust, accelerating the adoption of ZK and verifiable computation. With OP Succinct, we can push any OP Stack rollup into the future by providing fast finality without any downsides. By combining SP1's ultra-fast performance with Mantle's advanced vision, we empower developers to reimagine decentralized applications with unprecedented speed, efficiency, and reliability. Together, we are laying the foundation for an interconnected and scalable future for Ethereum."

Unified Ethereum ecosystem

The synergy of fast finality, Ethereum standard compatibility, and cost efficiency is expected to have far-reaching impacts, reducing fragmentation and unlocking the potential of next-generation decentralized applications (dApps).

This transition enhances Mantle Network's commitment to Ethereum's decentralized security model as a Layer 2 aligned with ETH, achieving a more cohesive ecosystem with seamless asset and information flows. Mantle Network is now ready to become a future-oriented L2 chain as a native ZK rollup.

As the Ethereum landscape evolves, Mantle Network adopts Succinct SP1 to become a leader in scalability and innovation. Developers, users, and ecosystem partners can expect a faster, safer, and more interconnected Ethereum future.

About Succinct

Succinct brings zero-knowledge proofs to any developer through SP1 (the world's fastest zkVM). Succinct's decentralized proof network provides affordable and reliable proof generation infrastructure for rollups, bridges, co-processors, and other applications using ZKP. SP1 is utilized by some of the industry's most recognized teams, including Celestia, Avail, Lido, Polygon, AggLayer, and others.

Website | X/Twitter | Discord | Articles | Documentation

About Mantle

Mantle is building the largest on-chain financial center for the perpetual chain. Through its core products—Mantle Network, mETH Protocol, and FBTC—Mantle combines institutional expertise with the transformative power of blockchain to unlock the future of finance. Based on the Mantle Treasury, the largest community-owned treasury in the ecosystem, Mantle ensures strong liquidity and financial stability. With over $430 million in assets, it actively funds core product development and fosters the growth of asset partners like Agora AUSD, Ethena USDe, Ondo USDY, and EigenLayer remortgaging, enhancing sustainable yields, deep liquidity, and financial utility on the Mantle network.

Website | X/Twitter | Discord | Telegram | YouTube | Articles | GitHub