The liquidity within the L2 ecosystem of #Mantle Network has surged past the $40 million mark, shortly after the launch of its mainnet. The alpha version of the mainnet went live on July 17th, accompanied by the establishment of a $200 million ecosystem support fund.

Quickly climbing to the eighth position on the L2Beat ranking, Mantle Network competes with other major players like Starknet, Immutable X, Loopring, and zkSync Lite. Among the Mantle-based projects, Agni Finance, a decentralized exchange, leads in TVL with approximately $23.22 million. According to Nansen's report, around 5,000 unique addresses facilitated approximately $56 million through the official cross-chain bridge. Researcher Sandra Leou attributed the liquidity growth in the Mantle Network ecosystem to the popularity of L2 solutions and a "capital rotation from the Ethereum mainnet." Leou also noted, "Mantle Network boasts one of the largest on-chain treasuries (as BitDAO rebranded and merged with Mantle), holding $3.2 billion in liquid assets, the majority of which are in ecosystem tokens and stablecoins."

Mantle's L2 platform employs a modular architecture, emphasizing both security and decentralized blockchain functionality. This approach distinguishes between execution, data availability, and consensus across different levels. Mantle utilizes #Optimistic Rollups and interfaces with the EigenLayer restaking protocol.

The Mantle team emphasizes that the development of L2 solutions introduces new use cases, including advanced blockchain gaming and low-fee DeFi services. It's worth recalling that in July, the cross-chain swap volume of the liquidity protocol Symbiosis exceeded $500 million.