Over the past month, the total volume of locked assets (TVL) in the Manta Network L2 network increased by 32%, reaching $467 million.
TVL Manta. Data: DeFi Call.
The solution outperformed Base from Coinbase ($415 million) and took third place among all rollups.
TVL rollups. Data: DeFi Call.
The Manta ecosystem hosts 38 protocols and over 185 decentralized applications. The main volume—$338 million—accounts for the landing service LayerBank.
At the same time, according to L2Beatthe “natural” TVL of the L2 network exceeds that indicated above almost three times, reaching $1.57 billion. The indicator consists of:
- native MANTA tokens – $713 million;
- tokens moved through external bridges – $644 million;
- tokens moved through “canonical” bridges – $214 million.
TVL L2 networks. Data: L2Beat.
Manta Network is a modular L2 ecosystem designed for scalable, next-generation decentralized applications. It is divided into two networks – the protocol for dapps Manta Pacific and the ZK platform on Polkadot Manta Atlantic.
At the time of writing, the MANTA token is trading at $2.69 with a capitalization of $684 million, according to CoinGecko. Over the past seven days, the asset has dropped by almost 25%.
Binance exchange MANTA/USDT 15-minute chart. Data: TradingView.
Previously, the project announced the allocation of 12% of the token supply for two airdrops.
Let us remind you that on January 19, the day the native token was listed on the Bithumb exchange, the community suspected the Manta team of money laundering. Users allegedly discovered a transfer of 2 million MANTA to the personal wallet of a member of the Korean division of the company.
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2024-02-05 16:30:24
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