Manta Network:
a modular ecosystem within the web3 space, has been gaining prominence recently. As per CoinGecko's trending report, Manta Network made its first appearance on the list on 18th January 2024 and continues to top the same1.
This project is touted for offering improved transaction speeds compared to Layer 1 (L1) solutions and reduced gas fees compared to Layer 2 (L2) solutions. Moreover, Manta Network has witnessed impressive growth in its total value locked over the past quarter.
Price-wise, Manta Network reached an all-time high of $2.72 on 18th January, approximately 9.1% higher than its current price.
This milestone coincided with an event expressing gratitude towards the long-term supporters of Manta's two networks: Manta Pacific and Manta Atlantic. Manta Pacific is a modular Layer 2 blockchain, while Manta Atlantic is a zero-knowledge Layer 1 chain built on the Polkadot platform.
Furthermore, Manta Network has implemented a point system based on the tasks users complete on Manta's Layer 2, known as Manta Pacific. These points have been used to reward users and have changed how airdrops are conducted. Now, certain behaviors, such as bridging, using DeFi protocols, or holding specific NFTs, are rewarded with points, which usually translate to a corresponding amount of tokens later on.
In summary, Manta Network is garnering attention from the crypto community and its developments remain interesting to follow in the coming days1. Should you wish to delve deeper into this topic, consider writing a detailed article on Manta Network and its impact on the web3 space. Good luck! 🤯💦
@Binance_Square_Official
