* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 31, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

    Rachel Guttman Unveils Exciting New Entertainment Law Firm: Gutt Law, PLLC!

    HYBE Cashes In: Offloads Final Stake in K-Pop Rival SM Entertainment for $177 Million!

    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Aziz Ansari made Keanu Reeves Indian food so he wouldn’t feel ‘freaked out’ directing him in Good Fortune (exclusive) – Entertainment Weekly

    Aziz Ansari Whips Up Indian Cuisine for Keanu Reeves to Ease Directing Jitters in Good Fortune

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Stop the Machines: The Rise of Anti-Technology Extremism – International Centre for Counter-Terrorism – ICCT

    Unplugged: The Surge of Anti-Technology Extremism

    Finland to head EU’s quantum defense technology project – Latest news from Azerbaijan

    Finland Takes the Lead in Pioneering EU’s Quantum Defense Technology Initiative!

    i3D Robotics Unveils Breakthrough Glass Defect Detection Technology – USGlass Magazine

    Revolutionary Glass Defect Detection Technology Unveiled by i3D Robotics!

    4Liberty Announces Collaboration with Itron to Drive Innovation in Utility Technology Adoption and Optimization – FinancialContent

    4Liberty Partners with Itron to Revolutionize Utility Technology and Boost Innovation

    Q1 2025 Quantum Technology Investment: What’s Driving the Surge in Quantum Investment? – The Quantum Insider

    Unleashing the Future: Exploring the Surge in Quantum Technology Investments for Q1 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

    Rachel Guttman Unveils Exciting New Entertainment Law Firm: Gutt Law, PLLC!

    HYBE Cashes In: Offloads Final Stake in K-Pop Rival SM Entertainment for $177 Million!

    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Aziz Ansari made Keanu Reeves Indian food so he wouldn’t feel ‘freaked out’ directing him in Good Fortune (exclusive) – Entertainment Weekly

    Aziz Ansari Whips Up Indian Cuisine for Keanu Reeves to Ease Directing Jitters in Good Fortune

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Stop the Machines: The Rise of Anti-Technology Extremism – International Centre for Counter-Terrorism – ICCT

    Unplugged: The Surge of Anti-Technology Extremism

    Finland to head EU’s quantum defense technology project – Latest news from Azerbaijan

    Finland Takes the Lead in Pioneering EU’s Quantum Defense Technology Initiative!

    i3D Robotics Unveils Breakthrough Glass Defect Detection Technology – USGlass Magazine

    Revolutionary Glass Defect Detection Technology Unveiled by i3D Robotics!

    4Liberty Announces Collaboration with Itron to Drive Innovation in Utility Technology Adoption and Optimization – FinancialContent

    4Liberty Partners with Itron to Revolutionize Utility Technology and Boost Innovation

    Q1 2025 Quantum Technology Investment: What’s Driving the Surge in Quantum Investment? – The Quantum Insider

    Unleashing the Future: Exploring the Surge in Quantum Technology Investments for Q1 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Manta Network Joins Top Ten Blockchains as TVL Surges 68% In One Month

February 1, 2024
in Business
Manta Network Joins Top Ten Blockchains as TVL Surges 68% In One Month
Share on FacebookShare on Twitter

Manta Network, an AI and ZK-powered modular blockchain, has achieved a new milestone as its total value locked (TVL) surged 68% month-to-date to around $464 million, according to data from blockchain analysis firm DeFiLlama. With this surge, Manta outpaced Coinbase’s Base and Sui to become the ninth-largest blockchain in TVL.

Manta Network has surpassed Coinbase’s Base and Sui to become the ninth-largest blockchain measured by TVL.

Meanwhile, Manta Pacific, a layer 2 scaling solution of Manta Network, also sees its TVL rally to $1.7 billion, according to data from layer 2 tracking platform L2Beat. It is now the third largest layer 2 blockchain, just behind Arbitrum One and Optimism with $10.8 billion and $5.4 billion, respectively.

TVL typically reflects how much the crypto assets are used in a particular blockchain project. The higher the TVL, the more users participate in the project.

Flying Under The Radar

Originally known as a layer 1 project on the Polkadot infrastructure, Manta later shifted toward developing a layer 2 chain named Manta Pacific – following a funding round when it secured $25 million.

The growth started in early December 2023 when Manta Network announced an airdrop of MANTA tokens for people joining the New Paradigm campaign. Accordingly, the project awarded 50 million tokens to early users who locked Ether into the platform.

The project instituted a weekly reward system for contributors to liquidity, distributing Box Pieces as incentives. Each Box comprises 25 pieces and represents a unique NFT that holds tradable value on platforms like Element.

More Coming From Manta

Participants stand to benefit further by collecting all six distinct NFT types, as this achievement unlocks the opportunity to exchange them for a more exclusive NFT known as ‘The First Modular L2.’ This not only adds to the appeal of the airdrop initiatives but also introduces a captivating element of rarity and collectibility for participants.

These airdrop strategies successfully attracted many participants – a critical factor in the system’s growth. In just under two weeks, the TVL of Manta Pacific witnessed a substantial surge.

Adding to this achievement, Manta also secured its position as the 44th Binance Launchpool project. The revelation of listing on almost the entire CEX exchange further heightened the anticipation surrounding the Token Generation Event (TGE) and the MANTA airdrop.

Kenny Li, co-founder of Manta Network, explained:

“Overall, I think that drove a massive amount of interest in a short amount of time. And that grew us to the top four,” stated Li, “And then after our token launch itself, with a lot of the liquidity and volume on our actual chain — because that’s where it’s natively deployed — I think that really pushed us into the top three.”

Beyond airdrops, Manta Pacific’s growth trajectory is significantly influenced by its development. Opting for a strategic shift from Optimism’s OP Stack to the layer-2 development kit (CDK) offered by Polygon, the project strategically aligns itself with efficiency.

Manta has partnered with Celestia to implement a Data Availability (DA) solution to optimize user transaction costs. Notably, LayerZero’s support further bolsters Manta’s developmental endeavors.

The TGE event recently encountered a Distributed Denial of Service (DDoS) Attack, rendering the website inaccessible for many users seeking to claim their tokens.

Li attributed this incident to a deliberate and malicious attack, wherein an overwhelming volume of requests was directed at RPC nodes simultaneously. Despite the adversity, the Manta Pacific network swiftly returned to normalcy, thanks to the timely and effective response from the project team.

MANTA token value has continuously set a new record high since its listing on exchanges. At the time of writing, it is trading at around $3.5, an increase of about 47% in the last month, according to CoinGecko’s data.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Blockonomi – https://blockonomi.com/manta-network-joins-top-ten-blockchains-as-tvl-surges-68-in-one-month/

Tags: businessMantanetwork
Previous Post

Tether’s Audit Report Reveals Over $2.8 Billion in Bitcoin Holdings

Next Post

Polygon MATIC Facing $1 Price goal, But This new Crypto Can Make It Faster

Saturday Sports: Stanley cup final rematch, OKC Thunder in the NBA Finals – NPR

Epic Showdown: Stanley Cup Final Rematch and OKC Thunder Take on the NBA Finals!

May 31, 2025
Predicting invasion costs from sparse data – Nature

Unlocking the Secrets of Invasion Costs: Insights from Sparse Data

May 31, 2025
High school science teacher’s advice leaves lasting mark on student – MSN

How a High School Science Teacher Inspired a Lifelong Passion for Learning

May 31, 2025
RFK Jr. threatens to bar government scientists from publishing in leading medical journals – Politico

RFK Jr. Vows to Restrict Government Scientists from Publishing in Top Medical Journals

May 31, 2025
Monique Thomas gifts love with Stem & Story Studio – Jamaica Gleaner

Monique Thomas gifts love with Stem & Story Studio – Jamaica Gleaner

May 31, 2025
Texas vs. Florida: 2025 Women’s College World Series Game 1 | Extended highlights – NCAA.com

Texas vs. Florida: 2025 Women’s College World Series Game 1 | Extended highlights – NCAA.com

May 31, 2025
Proposed URI medical school could fill doctor shortage, boost economy, draft report finds – The Public’s Radio

New URI Medical School: A Solution to Doctor Shortages and Economic Growth!

May 31, 2025
Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

Get Ready to Race: The Ultimate Beer Run Experience Awaits!

May 31, 2025
Trump administration ‘MAHA’ health report cited nonexistent studies – Reuters

Trump Administration’s ‘MAHA’ Health Report: Uncovering the Truth Behind Questionable Studies

May 31, 2025
Tributes pour in honoring legacy of legendary politician John Thrasher – Florida Politics

Celebrating the Enduring Legacy of Legendary Politician John Thrasher

May 31, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (653)
  • Economy (668)
  • Entertainment (21,574)
  • General (15,252)
  • Health (9,710)
  • Lifestyle (670)
  • News (22,149)
  • People (670)
  • Politics (676)
  • Science (15,890)
  • Sports (21,173)
  • Technology (15,656)
  • World (656)

Recent News

Saturday Sports: Stanley cup final rematch, OKC Thunder in the NBA Finals – NPR

Epic Showdown: Stanley Cup Final Rematch and OKC Thunder Take on the NBA Finals!

May 31, 2025
Predicting invasion costs from sparse data – Nature

Unlocking the Secrets of Invasion Costs: Insights from Sparse Data

May 31, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version