💡 @MantaNetwork and @Arbitrum Foundation serve different purposes within the blockchain ecosystem. Here’s a comparison of the two:
🎯 @MantaNetwork and @Arbitrum Foundation aims to address existing issues such as scalability and security. Even though the end goal they want to achieve is similar, their approaches are completely different.
• Manta Network is a modular blockchain ecosystem that focuses on zero-knowledge (ZK) applications and improving user privacy and scalability: 
• Arbitrum offer faster and cheaper transactions to solve Ethereum’s scaling problem.

🎯 #Arbitrum is currently the L2 Giant but if we talk about the opportunity difference #MantaNetwork has more opportunity. The $MANTA price would be at $10 when it reach the same marketcap of $ARB .

•Arbitrum Rank: #35
•MantaNetwork Rank: #163
•Rank difference: (366%) higher than Manta.
•Arbitrum MC: $3.75B
•MantaNetwork MC: $442.46M
•Marketcap difference (748%) higher than Manta.

🎯 You cant beat scarcity that's why the higher the supply, the lower the _______??
•Arbitrum: 10B
•MantaNetwork: 1B
•Supply difference: (900%) higher than Manta.
🎯 Regarding the Community and Adoption Arbitrum has gained significant traction within the Ethereum community, with numerous dApps already leveraging its #Layer2 solutions while @MantaNetwork is Still building its community, with a focus on privacy advocates and developers interested in confidential transactions. The arbitrum chain leads the industry and got supported by ethereum talented builders and passionate community while MantaPacific is growing faster and gaining significant attention for the past years.

•Arbitrum TVL: $13.71B
•MantaNetwork TVL: $770M
•TVL Difference: (1680%) higher than Manta.

🎯 Revenue and Cost Trends Over the Year: @MantaNetwork may have a lower revenue compared to other L2 Giants, but it remains competitive in terms of a lower cost ratio. It is the ONLY L2 that has maintained a cost lower than 20% from it's revenue.

• Arbitrum: 62%
• MantaNetwork: 18%
• Revenue and Cost difference: (44%) higher than Manta.

🎯Total Gas fees Saved:
•Arbitrum- $3.32M
•MantaNetwork - $13.95M
•Gas Saved difference: 420% higher than Arbitrum.

🎯Active wallet address:
•Arbitrum: 1.44M
•MantaNetwork: 1.76M
•Active wallet difference: (22%) higher than Arbitrum.

🎯The YoY growth rate active address of TOP L2's.
•Arbitrum: 94%
•MantaNetwork: 1174%
•YoY difference: (1080%) higher than Arbitrum.

🎯 Total Transaction:
•Arbitrum: 1.37B
•MantaNetwork: $76M
•Transaction difference: (1703%) higher than Manta.

🎯 Average Transaction Fee in the last 24H.
• Arbitrum: $0.004
• MantaNetwork: $0.000
• Transaction Fee Difference: (300%) higher than Manta.

CONCLUSION: The data gathered here are from top Layer 2 platforms that provide transparent and verifiable insights into their growth potential. Please note that this information does not constitute financial advice. While both platforms boast unique competitive advantages, their primary focus is addressing Ethereum's scalability issues rather than competing with each other. Notably, #ARB and Manta Network still have ample for growth and development. underscoring their promising prospects in enhancing Ethereum's ecosystem.
#MANTA #ARB

The Blast/USDT chart signals a bullish reversal after breaking out of a descending triangle in early November. Price has been bounced multiple times from the strong horizontal support zone around $0.0071–$0.0078.
After the breakout, the price rallied and has now retraced back to the support zone, presenting a potential buying opportunity. 🔥
🔹 Aggressive Entry: Buy at the current price level to ride the potential upside.
🔹 Conservative Entry: DCA down to the green support zone between $0.0086–$0.0097 for a safer entry.
📈 Profit Targets: Clearly marked on the chart for planned exits and maximizing gains. 🚀✨
🔹 Exchanges: Coinbase, Bybit, MEXC, KuCoin, Gateio, HTX, Uniswap.
#RideTheKaiaWave #WeAreAllSatoshi #Layer2 #Blast #Layer2Solutions $OP
$ARB
$MANTA

🚨 ARB Token Analysis: Why This Ethereum Layer-2 Could Be 2024’s Breakout Star 🚨
Arbitrum ($ARB) has been making waves as a leading Layer-2 scaling solution for Ethereum. With its low fees, fast transactions, and robust ecosystem growth, $ARB is positioning itself as a major player in the crypto market. Let’s break down the key aspects of $ARB, including its technical analysis, fundamentals, breaking news, and predictions for 2024. 🚀
1️⃣ Technical Analysis: Where Does $ARB Stand?
🔹 Current Price: $1.15
🔹 24-Hour Change: -0.68%
🔹 Key Support Levels: $1.20 and $1.10
🔹 Key Resistance Levels: $1.35 and $1.50
📈 Indicators to Watch:
RSI: Currently neutral at 48, signaling room for upward movement.Moving Averages: The 50-day MA ($1.24) suggests strong support, while the 200-day MA ($1.31) is a key resistance.Bullish Patterns: A potential cup-and-handle formation could push $ARB toward $1.50 in the short term.
💡 Trading Tip: Look for a breakout above $1.35 with strong volume to confirm bullish momentum. Set stop-losses at $1.20 to manage downside risk.
2️⃣ Fundamentals: What Makes Arbitrum Unique?
🔹 Scalability: Arbitrum processes thousands of transactions per second, reducing congestion on the Ethereum mainnet.
🔹 Ecosystem Growth: With over 600 dApps, Arbitrum is a hub for DeFi, gaming, and NFTs. Projects like GMX and Radiant Capital have flourished on its network.
🔹 Cost Efficiency: Users save up to 95% on gas fees compared to Ethereum.
🔍 Recent Metrics:
Daily Transactions: Consistently over 1.5M, rivaling Ethereum.TVL (Total Value Locked): $4.78 billion, ranking as the largest Layer-2 network by TVL.
3️⃣ Breaking News: Recent Highlights for $ARB
📢 New Partnerships: Arbitrum recently partnered with Uniswap to enhance Layer-2 liquidity, boosting adoption.
📢 Ecosystem Expansion: Arbitrum Orbit, a new framework for app-specific chains, is gaining traction among developers.
📢 ArbitrumDAO: The community governance model is evolving, with over $2 billion in $ARB tokens staked for voting.
📢 Institutional Interest: Major hedge funds are showing interest in $ARB as a hedge against Ethereum congestion.
4️⃣ 2024 Predictions: Where Is $ARB Heading?
🔮 Short-Term (Q1 2024): With Ethereum upgrades and increasing adoption, $ARB could test $1.50–$2.00.
🔮 Mid-Term (2024): A growing ecosystem and DeFi integration could push $ARB to $3–$5.
🔮 Long-Term (2025): As Ethereum's scalability solution, $ARB could reach $7–$10, assuming continued adoption and market growth.
5️⃣ Why $ARB Is a Must-Watch Token
DeFi Hub: Arbitrum’s dominance in DeFi protocols makes it a critical player in crypto.Layer-2 Race: It’s leading the charge against competitors like Optimism and Polygon.Community-Driven: The governance model ensures $ARB holders have a say in its future.
💡 Cryptonaryo Tip: Diversify your portfolio with $ARB as a high-growth potential asset. Combine technical and fundamental analysis to maximize gains.
💬 What’s Your $ARB Price Target for 2024? Let us know in the comments! 🚀
✨ Like, Share, and Follow for more actionable crypto insights. Tips are enabled—your support fuels valuable updates! 🙌
#Arbitrum #ARB #CryptoAnalysis #Layer2 #Ethereum

DeFi, short for decentralized finance, has been steadily gaining traction over the past few years. This emerging sector within the broader cryptocurrency industry seeks to create a financial system that is more open, accessible, and democratic. Until recently, DeFi has been largely limited to a small community of tech-savvy early adopters. However, as the industry continues to mature, DeFi is going mainstream, and its impact on the broader financial landscape is likely to be significant.One reason for the growing popularity of DeFi is the flexibility and accessibility it provides. Unlike traditional finance, where intermediaries like banks and other financial institutions play a central role in lending, borrowing, and investing, DeFi is built on open-source, decentralized networks that anyone can participate in. This means that people can access a wide range of financial products and services from anywhere in the world, without the need for a middleman.Another factor contributing to the mainstreaming of DeFi is its potential for disruption. By offering alternatives to traditional financial products and services, DeFi is challenging established norms and forcing traditional players to rethink their business models. For example, DeFi lending platforms can offer better rates and terms than traditional banks, making it an attractive option for borrowers. Meanwhile, decentralized exchanges (DEXs) offer more control and transparency for traders, making them an increasingly popular alternative to centralized exchanges.While DeFi is still in its early stages, it is already beginning to have an impact on the broader financial landscape. For example, as DeFi lending platforms continue to grow in popularity, they are beginning to pose a challenge to traditional banks and other financial institutions. Similarly, as more people turn to DEXs for their trading needs, centralized exchanges may find themselves under pressure to adapt or face declining market share.Overall, the mainstreaming of DeFi is a positive development for the industry, as it offers a more inclusive, accessible, and flexible financial system. However, as with any emerging technology, there are risks involved, and investors should be careful to do their due diligence before jumping in. With the right approach, though, DeFi has the potential to be a powerful force for change in the years ahead.#DeFiChallenge #DeFiGoesMainstream #crypto2023 #BTC #Layer2

The recent zkDay Istanbul event showcased the growing interest in zero-knowledge (ZK) technology, with over 1,200 participants including Vitalik Buterin. Experts gathered to discuss the importance of layer 1 (L1), layer 2 (L2), and ZK-rollups for crypto adoption. ZK-rollups enable faster and more secure bridging between rollups and have the potential for proof aggregation. L1 blockchains face scalability limitations, while L2 solutions handle transactions off-chain or on sidechains, reducing costs and enhancing speeds. ZK-rollups improve privacy by keeping transaction details confidential. Challenges include high proving costs for ZK-rollups and balancing scalability, security, and decentralization. Companies like Celestia provide scalable blockchain networks, while Aleo offers a layer 1 blockchain for private applications. Attracting developers involves demonstrating a viable business model or amassing liquidity. User adoption can be incentivized through a simplified value proposition and a positive user experience. Read more AI-generated news on: https://app.chaingpt.org/news

GRAND CAYMAN, Cayman Islands, January 30th, 2024, Chainwire

In the past four months, Sui TVL has jumped by more than 1000%, vaulting the network past Base, Cardano, and Bitcoin in its meteoric DeFi rise

Sui, a leading Layer 1 blockchain that was created by the team that led Meta’s Diem crypto project, continued its blistering DeFi growth, surpassing $430M in Total Value Locked (TVL) and moving into the top 10 blockchains by that metric. Alongside this torrid ascent of TVL, on-chain activity has exploded as well. Weekly DeFi volume is up more than 1200% since October demonstrating the growth in demand that will drive a sustained flywheel effect that supports the future expansion of the entire Sui DeFi ecosystem.   

“Less than a year since the launch of its mainnet, the growth of the Sui DeFi ecosystem has been nothing short of remarkable. This momentum validates both the technology and dedication of the Sui community,” said Greg Siourounis, Managing Director of the Sui Foundation. “Most importantly, what we are seeing in these numbers is developers on Sui building products that people are using to address real-world challenges. That dynamic will form the basis of a sustainable decentralized network that lasts well into the future.”  

Because of its object-centric model and horizontal scaling, Sui is uniquely performant, scalable, and secure. As a result, Sui is particularly well-suited to host solutions that can operate at scale. Sui’s fast-rising TVL is a direct result of multiple Sui-based protocols and applications leveraging the strengths of Sui to grow at an extremely rapid rate. 

Based on the strengths of its technology as well as the top builders and developers that have begun leveraging its platform, Sui is quickly amassing a complete set of ecosystem applications offering seamless composability. From liquid staking to decentralized exchanges (DEXs), to top lending protocols, and the additions of DePIN and DeWi to the network, Sui boasts a technology stack that exceeds Layer 1 blockchains that have been around for years longer. 

Sui is now home to four protocols at over $50M TVL and nine protocols at over $10M, showcasing the depth of the ecosystem where multiple projects are flourishing. The Lending protocol Scallop Lend tops the list with $96M TVL, followed by Navi Protocol at over $91M. The top five is rounded out with three decentralized exchanges (DEXes), Cetus, Aftermath Finance, and FlowX Finance.

Most recently, Sui announced that Banxa, a leading payments infrastructure provider for the crypto-compatible economy, will add the SUI token to its platform. The integration will increase access to the Sui blockchain for users around the world, thanks to a suite of Banxa’s global and local payment methods, which have processed over $3 billion in transactions since its launch in 2014. Additionally, Mysten Labs’ Sui Wallet will provide users the opportunity to purchase SUI tokens through Banxa’s fiat on-ramp solution and once fully integrated, to utilize its off-ramp solution. 

Sui also recently announced a partnership with Oracle Stork to provide builders with faster pricing data, offering real-time pricing data across Sui’s ecosystem of developers, DEXs, and lending protocols building on Sui’s blockchain. This integration will enhance speed and access to unique index and mark prices for builders and users of DeFi applications on Sui.

Contact

Sui Foundation
media@sui.io

Vitalik Buterin, the co-founder of Ethereum, recently questioned the conventional emphasis on simplicity in Layer 1 (L1) blockchains over Layer 2 (L2) solutions. He admitted that his belief in simplifying L1s at the expense of complex L2s has waned over the last five years. Buterin pointed out the challenge of deciding between the risks posed by bugs in L1 and L2 networks, suggesting that the latter may not be a better option after all. He proposed a different approach of introducing advanced features to L1 to ease the coding complexity of L2s, making them simpler to manage. In addition, Buterin explored the use of artificial intelligence (AI) to address bugs in Ethereum’s code. The discussion also touched on the categorization of L2 solutions into rollups and validiums, highlighting the trade-offs between security and scalability. While rollups prioritize security but come with higher costs, validiums offer scalability with some security compromises. Read more AI-generated news on: https://app.chaingpt.org/news

Grand Cayman, Cayman Islands, March 5th, 2024, Chainwire

Sui is one of twelve networks that will be integrated at ZettaBlock’s Open Beta launch, giving builders seamless access to a powerful new source of Web3 data platform

Sui, the lightning-fast, infinitely horizontally scalable layer one blockchain that has quickly become a leading destination for DeFi activity, has been announced by data platform ZettaBlock as one of the protocols chosen to be a foundational integration partner at the launch of its groundbreaking Web3 data platform. At the launch of ZettaBlock’s open beta, builders and developers will have seamless access to rich, high-quality data across more than 12 blockchains and 500 popular Web3 datasets, including Sui.

Established in 2022, ZettaBlock represents a major advancement in Web3 data handling. ZettaBlock’s full-stack, institutional-grade, unified platform provides rich on-chain data, both historical and real-time, and allows users to bring their crucial, private data sources to the platform. Importantly, ZettaBlock eliminates the need for developers to deal with multiple data vendors, presenting them instead with a singular, scalable and adaptable data platform. Further, ZettaBlock’s platform is easy to use, offering a comprehensive library of pre-built APIs which encompass the most common use cases to allow developers to build quickly, while simultaneously enabling them to easily craft custom APIs based on any business or dApp logic via SQL generating one click ready GraphQL endpoints with no infrastructure overhead. 

In its short history, ZettaBlock’s robust data solutions have already powered the likes of Crypto.com, Chainlink, Forta and Artemis Analytics. On the partner side, in addition to Sui, ZettaBlock’s open beta offers seamless access to data generated by Web3 networks such as Polygon, Stellar, and zkSync. 

The platform that ZettaBlock has engineered powers interoperability that is fundamental to enhancing and growing ecosystems and pushing the boundaries of Web3 use cases. Through its early-stage partnership with ZettaBlock, Sui fills an essential role in breaking down barriers for developers who seek to innovate and expand beyond the current limitations of DeFi. In particular, ZettaBlock empowers developers by eliminating data and infrastructure challenges and enabling them to focus on innovating and building the next generation of Web3 apps. With the aid of innovations such as Sui’s zkLogin and zkSend, the integration of ZettaBlock’s technology will speed adoption from web2 and spur the ongoing growth of the burgeoning Sui ecosystem.

The announcement of Sui’s inclusion as a provider in ZettaBlock’s open beta comes after a number of key achievements in Sui’s own DeFi ecosystem. In January, Sui broke into the top ten of all chains by TVL and in the last month, according to Wormhole data, the network received over $310M in assets moving from Ethereum to Sui — more than every other blockchain combined.

“Being chosen as a founding member of the ZettaBlock platform is a powerful testament to how positively Sui and its ecosystem are viewed in the broader Web3 landscape,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui is pleased to be a part of ZettaBlock’s commendable efforts to remove the silos that separate Web3 ecosystems and to help strengthen our ability to advance the technology to solve real-world use cases.”

With today’s open beta launch, ZettaBlock is now available for builders, analysts, and businesses across the web2 and Web3 landscapes.

“We are excited to partner with Sui, a leading Layer 1 in the industry with impressive underlying technology and proven reliability,” said Chi Zhang, co-founder and CEO of ZettaBlock. ” ZettaBlock’s success is built around partnerships with the most active blockchain ecosystems and protocols, and we are integrating Sui as a foundational partner to make it extremely simple for developers to access that burgeoning ecosystem.”

Contact

Sui Foundationmedia@sui.io