$MANTA Although it has not performed well since its launch. It has been falling since it reached a high of 4 US dollars. But next, let's analyze the development potential of this currency from the perspective of manta ecology.
1. Introduction to MANTA
Introduction
Manta Network is a blockchain project focusing on privacy protection and decentralized finance (DeFi). Its core goal is to provide an efficient and secure privacy transaction solution while supporting cross-chain interoperability
The main features of Manta Network include privacy protection, cross-chain compatibility and decentralized exchange (DEX) functions
Investors
Polychain, CoinFund, ParaFi Capital, Qiming Venture Partners, Binance Labs, etc.
Financing situation
2021.2.2 Polychain led a $1.1 million financing
2021.10.20 ParaFi Capital and CoinFund led a $5.5 million financing
2022.2.17 Binance Labs undisclosed strategic financing
2023.7.19 Polychain and Qiming Venture Partners led a $25 million Series A financing, with a valuation of $500 million
Token situation
Total 1 billion
Currently 32.5% in circulation, market value 586 million
Unlocked 67.5%, fully diluted market value 1.803 billion
Network activity information
TVL 878.43 million; on-chain transactions 23.51 million; ecosystem projects 269
2. MANTA CeDeFi
Source of income
Users can obtain DeFi income on the Manta Pacific chain, and obtain additional income on centralized exchanges through CeFi fund interest rate arbitrage strategies
Supported assets and public chains
Users can pledge assets such as BTC, ETH, STONE, USDT, USDC and wUSDM
These assets can be stored and managed on the Ethereum mainnet, BNB chain and Manta Pacific
Yield
The annualized yield of BTC and ETH is 5.6%
The annualized yield of USDT and USDC is 17.5%
3. MANTA's modular and zero-knowledge proof (ZK) technology foundation
Modular architecture
The various components of Manta Network can be developed and upgraded independently, allowing developers to quickly iterate new features. At the same time, it improves the processing power and scalability of the network. Interoperate with other blockchain networks (such as Ethereum and Polkadot) to enhance the flexibility of the network, and users can easily transfer assets between different blockchains
Zero-knowledge proof
Manta Network uses zk-SNARKs technology to ensure the privacy, efficiency and security of transactions
Future application directions
DeFi, identity verification, data sharing
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