Mantle is an ecosystem of decentralized and tokenized (MNT) governance technology governed by a DAO. In May of this year, Mantle merged with the BitDAO ecosystem to create a unified ecosystem under one brand and token, namely Mantle (MNT), and announced its mainnet at EthCC in Paris last month alpha version

The core product of the ecosystem is Mantle Network, a Layer2 scaling solution compatible with EVM (Ethereum Virtual Machine) built with a modular architecture. It combines Rollup technology with a decentralized data availability layer, enabling the Mantle network to inherit the security of Ethereum and provide lower fees. Therefore, unlike most monolithic blockchains that perform four key blockchain functions on a single network layer, Mantle handles these processes on different layers.

Mantle Network currently has four nodes, namely the sorter, the aggregation validator, the DA node, and the TSS node verification sorter:

The sequencer is able to receive users' transactions in real time, generate blocks on L2, aggregate transactions into packages with execution state roots, and publish block data to the base layer and L2.

The rollup validator synchronizes rollup data, initiates fraud proofs, and validates the state root from the sequencer. They also provide block data to users.

DA nodes store copies of Mantle transaction data for easy access when needed. These nodes also sign block data when providing transaction data, guaranteeing its availability.

The TSS node validates the transactions aggregated into batches by the sequencer. After signing these deals, they broadcast the batches on Mantle.

In terms of token economics, the MNT token is the main asset used by the Mantle ecosystem after the merger of Mantle and BitDAO. According to ecological-related proposals, Mantle will convert BIT tokens (native BitDAO assets) into MNT at a conversion ratio of 1:1. It turns out that BIT holders received new MNT tokens via airdrop on July 17.

In summary, the main advantages of Mantle focus on the following aspects:

Cheaper transaction fees. With its batch transactions and modular design, Mantle Network can reduce transaction costs by more than 80%.

higher efficiency. Mantle introduces a separate decentralized data availability layer with the help of EigenDA (EigenLayer), allowing it to increase the efficiency of Ethereum. EigenLayer has the potential to achieve throughputs up to 1TB/s or more.

Compatibility with Ethereum. Mantle Network is compatible with EVM, allowing developers to deploy Ethereum DApps directly on it.

If we look at it from the perspective of TVL, Mantle’s TVL has been growing steadily since its launch, and its ecosystem has also launched many promising projects. Let’s take a look.

The first project is FusionX Finance

FusionX is a DEX built on the Mantle network, consisting of automated liquidity management, yield aggregator, leveraged yield mining, and permanent Dex aggregator. It gained attention for its emphasis on transparency, composability, and lightning-fast transaction speeds.

Currently, multiple projects are utilizing different products developed by FusionX, including Gamma, Symbiosis, Circuit Protocol, etc. As shown below.

The second project is iZUMi Finance

iZUMi is a multi-chain DeFi protocol. As a comprehensive liquidity providing platform, it is also currently deployed on the Mantle network. Simply put, iZumi is a full-chain Defi HUB that utilizes multiple blockchains. In addition to being deployed on Ethereum and Mantle, it is also deployed on Arbitrum, zkSync, etc.

The third project is AGNI Finance

AginDEX is an efficient AMM DEX and Launchpad platform, and its TVL is currently as high as $22 million.

The fourth item is lendle

Lendle is a relatively leading lending protocol on the Mantle network, which offers multiple borrow/loan pairs for maximum versatility.

The fifth project is Reax Finance

Reax is committed to becoming the financial hub of Mantle and it currently offers a range of products including juicy pools, lending and LP pairs.

Okay, the above is all the content shared through "Hua Li Huawai" today. Let’s summarize and review together at the end. This article mainly introduces Mantle and some projects with potential for development in its ecosystem. They are FusionX Finance, iZUMi Finance, AGNI Finance, Lendle and Reax Finance. I hope today’s sharing can be helpful to everyone. We will continue to publish more blockchain-related knowledge and potential project analysis series of articles through Hua Li Huawai, so stay tuned.

Special thanks to: 0xFinish, 0xTHades

Disclaimer: The above content is only a personal perspective and analysis. It is only for science learning and communication among enthusiasts and does not constitute any investment advice. Investment is risky, please treat it rationally, increase risk awareness, and abide by the relevant laws and regulations of the country and region where you are located!