MANTA (Manta Network) Token Price & Latest Live Chart

What is MANTA (Manta Network)?

Manta Network is aimed at redefining the landscape of zero-knowledge (ZK) applications through its innovative multi-modular ecosystem. Manta Network consists of two distinct blockchain networks: Manta Atlantic and Manta Pacific, each designed to cater to specific aspects of privacy and scalability within the realm of decentralized applications (DApps). This ecosystem is crafted to overcome the prevalent challenges in the blockchain space, such as high transaction fees and slow performance, by leveraging the principles of ZK technology to ensure both privacy and efficiency.

The journey of Manta Network began with the establishment of Manta Atlantic, which quickly garnered recognition as the fastest ZK Layer 1 chain within the Polkadot ecosystem. The network’s expansion continued with the introduction of Manta Pacific, a modular Layer 2 platform that emphasizes community-driven development and deployment of ZK applications. The fundamental philosophy of Manta Network revolves around providing users with a seamless, cost-effective, and user-friendly environment for deploying ZK applications, thus addressing the inefficiencies of existing blockchain solutions.

Manta Network marked a significant milestone with the official launch of its mainnet Alpha on September 12, 2023, showcasing its commitment to innovation with features such as EVM functionality and a first-generation general-purpose circuit. This development has positioned Manta Pacific within the top echelons of TVL-based L2Beat rankings, highlighting its growing importance and potential within the larger blockchain ecosystem. As Manta Network continues to evolve, its transition to zkEVM, in collaboration with the Polygon Chain Development Kit (CDK), symbolizes a major step towards achieving its vision of becoming a leading L2 network based on Polygon’s zkEVM technology.

How does MANTA (Manta Network) work?

Manta Pacific emerges as a groundbreaking Layer 2 blockchain built atop Ethereum, specifically designed for EVM-native ZK applications. This platform addresses the absence of a dedicated ecosystem for such applications by providing a scalable and economically viable environment for transaction processing. Central to Manta Pacific's design is the prioritization of user safety and the facilitation of decentralized app experiences centered around ZK technology. Unlike conventional platforms, Manta Pacific equips developers with comprehensive tooling for the straightforward development and deployment of ZK applications utilizing Solidity.

• Programmable ZK as EVM-native L2: Manta Pacific innovates by integrating programmable zero-knowledge technology within an EVM-native Layer 2 framework, allowing developers to harness ZK capabilities within the familiar confines of the Ethereum ecosystem.

• Universal Circuits for Simplified Development: The introduction of Universal Circuits by Manta Pacific democratizes ZK application development, enabling developers to use Solidity without the need to master new programming languages, thereby broadening the developer base.

• Data Availability and Scalability with Celestia: Manta Pacific achieves notable scalability and reduced transaction fees through its use of Celestia for data availability and zkEVM for enhanced scalability. This combination ensures that Manta Pacific transactions are executed at a fraction of the cost compared to other L2 solutions.

• Developer-Friendly ZK Library: With Universal Circuits 2.0, Manta Pacific extends its ZK library, facilitating the integration of ZK-enabled contracts into existing Solidity smart contracts and DApps across various chains and Web2 environments.

Modularity for Lower Gas Fees, source: MANTA website

Manta Atlantic complements Manta Pacific by setting the standard as the fastest, most decentralized ZK Layer 1 chain, specially designed for modular on-chain compliance identities. This focus on a ZK compliance credential layer enables real adoption and interoperability across projects, offering interoperable identities without requiring extensive cryptographic expertise. Since its inception, Manta Pacific has assisted users in saving over $750,000 in gas fees. In a significant development, the organization is thrilled to officially unveil the token economics model for MANTA, the native utility and governance token of the Manta Network ecosystem. This announcement marks a pivotal moment in the evolution of the Manta Network, highlighting the strategic planning and thought leadership behind the MANTA token's role within the ecosystem.

MANTA (Manta Network) market price & tokenomics

MANTA, the native utility token of Manta Network, plays a pivotal role in the ecosystem's governance, staking, collator delegation, network fees, and as native liquidity & collateral. The protocol’s design incorporates modular data availability, permissionless smart contracts, universal circuits, and zkEVM proving, ensuring a comprehensive and secure framework for transactions and applications. As of now, MANTA (Manta Network) is ranked #95 by CoinMarketCap with market capitalization of $834,253,833 USD. The current circulating supply of MANTA coins is 251,000,000. The project has successfully raised $60.40 million through private and public token sales, indicating strong investor confidence and market potential.

MANTA Token Allocation, source: MANTA Medium

Why do you invest in MANTA (Manta Network)?

Investing in MANTA taps into the burgeoning sector of privacy-focused blockchain technologies. Manta Network distinguishes itself by addressing one of the digital world's most pressing issues: privacy. Through its innovative use of zero-knowledge proofs, Manta Network enables private transactions on the blockchain, a feature increasingly demanded by users and developers alike. This focus not only meets a critical market need but also sets Manta Network apart as a leader in the privacy space, potentially driving up the adoption and value of MANTA tokens. Furthermore, the network's dual-chain architecture enhances scalability and interoperability, promising a robust foundation for growth and utility across the blockchain ecosystem.

Is MANTA (Manta Network) a good Investment?

Assessing MANTA as an investment requires a nuanced understanding of the cryptocurrency market's volatility and the specific challenges and opportunities within the privacy sector and the broader blockchain technology landscape. The unique value proposition of Manta Network centered on privacy and scalability, positions it well within the rapidly evolving blockchain space. However, potential investors should consider the speculative nature of digital assets and the inherent risks of the market. Careful research and consideration of one's investment strategy and risk tolerance are advisable before committing to any investment in the crypto space, including MANTA. 

Find out more about MANTA (Manta Network):

• Homepage

• Explorer: Blockscout

• Whitepaper