As 2024 comes to an end, it has been a truly big year for Manta Pacific. This year, Manta Pacific has achieved many significant successes as the Ethereum L2 solution. Behind these successes lies the strong community and team of Manta. Together, we have progressed on this journey and the successes achieved in 2024 have brought $MANTA Pacific to its current level.
Let's review together the greatest achievements achieved throughout 2024.
Biggest Successes in 2024
Using Modular DA with Celestia on Ethereum L2
Manta Pacific launches Celes on the Ethereum network$TIA took a big step forward by becoming the first L2 solution to use for Modular Data Availability (DA). This development sets the standard for modular data solutions in the#Ethereumecosystem.
Top 3 OP Rollup in L2Beat Rankings
Despite being a project that only launched a year ago, Manta Pacific consistently ranks in the top 3 on L2Beat$OP This success shows how confidently Manta is preferred by its users and its strong impact on the ecosystem.
Broken Records: TVL and Cost Savings
In the first quarter of 2024, Manta Pacific set a record for Total Value Locked (TVL) exceeding $2.4 billion. Additionally, through the use of Celestia DA, Manta Pacific users saved over $10 million in gas fees.
The Mantaverse is Growing
The number of daily transactions on Manta Pacific has surpassed 1 million, with a total of 60 million transactions. Currently hosting over 250 projects, Manta has become a hub for high-performance dApps. To support this growth, the Manta Foundation has launched a $50 million EcoFund, offering direct investment and grants to those developing projects on Manta Pacific.
Featured Events and Innovations
New Paradigm
New Paradigm was a revolutionary project where Manta Pacific introduced composability for yield-bearing tokens on L2. This innovation allowed users to earn extraordinary yields and rewards from their ETH and stablecoin investments. Thanks to this campaign, TVL increased from $30 million to $2.4 billion.
Forget CeDeFi
Manta CeDeFi, launched in collaboration with Ceffu (formerly Binance Custody), combines the strengths of CeFi and DeFi, providing users with institutional-grade compliance and yield opportunities. In two weeks, Manta CeDeFi reached $120 million TVL.
Gas Gain
Gas Gain, the first program to give back to its users in Web3, shares 50% of gas revenues in Manta Pacific with users as Manta tokens. In addition, Manta Foundation will reward 10 million Manta to the most active Gas Gain participants for 4 years.
Manta Expedition
By migrating from Ethereum and other L2s to Manta Pacific, users who complete tasks on over 10 DeFi protocols have the opportunity to earn MANTA rewards. This event is ongoing under the name Manta Expedition.
Technical Innovations and Security Steps
MultiDA Integration
Manta Pacific has integrated multiple Data Availability (DA) systems with EigenDA, NEAR DA and other data availability solutions, making Manta Pacific more resilient and continuously available.
Fast Finality
Manta Pacific has integrated Fast Finality in collaboration with DappLink to provide fast and secure transaction finalization.
STOP Program
The Sequencer Threat Overwatch Program (STOP), launched with BlockSec, integrated the Phalcon engine to secure Manta Pacific against potential threats.
Community and Culture Building
The year 2024 was also very productive in terms of community strengthening and culture building. Here are the important community events this year:
MEMEta Szn: Celebrating Culture and Community
MEMEta Szn brought together the Ethereum and Solana communities to create a fun and interactive environment at Manta Pacific. This season was made even more exciting by the contributions of the community.
AI Manta
Celestia, ORA, and Hyperbolic have partnered to bring AI development tools to Manta Pacific, enabling developers to deploy AI applications on Manta Pacific.
Interacting with Our Global Community
Local meetings were held in countries such as Vietnam, Japan, Russia, India and Indonesia, and large conferences such as EthCC Brussels, Token2049 and ETHKL were attended. Every meeting with the Manta family made the journey more meaningful.
Goals and Expectations for 2025
The successes achieved in 2024 inspire us to make 2025 even bigger. Manta Pacific will continue the successes it achieved in 2024 in 2025, and we are excited to be on this journey with our community.
Manta Does Not Stop!
Our goals are big and we are working towards an even stronger Manta Pacific in 2025.
