Manta Pacific Introduction
(1) Manta Pacific Alpha (Ethereum L2)
Manta Pacific Alpha is a Layer 2 solution designed specifically for ZK (Zero-Knowledge) applications. It is currently based on the OP Stack and is fully compatible with the EVM (Ethereum Virtual Machine) environment and Solidity programming language. In the future, Manta Pacific plans to implement zkEVM based on the Polygon CDK (Contract Development Kit). It also utilizes Manta’s Universal Circuits to provide low gas fees for ZK-as-a-Service, and leverages Celestia’s modular data availability for scalability.
(2) Manta Pacific Alpha II (+Celestia DA)
In this phase, Manta Pacific integrates Celestia’s modular data availability to achieve data expansion and significantly reduce gas fees for user interactions within the Manta Pacific ecosystem.
(3) Manta Pacific Beta (+Transition to zkEVM)
During this phase, Manta Pacific plans to fully transition to zkEVM and utilize Polygon’s ZK Prover.
(4) Manta Pacific Production-level Mainnet I (+Universal Circuits 2.0)
In the final phase, Manta Pacific will officially launch its mainnet, further upgrade the Universal Circuits to achieve lower gas costs, and unlock new application scenarios using novel ZK technologies.
New Paradigm Activity
StakeStone and Mountain Protocol
(1) StakeStone
StakeStone is a full-chain LST (Liquid Stake Token) protocol that aims to build a decentralized all-in-one staking protocol and a cross-chain liquidity market. It provides easy staking services and is backed by Hashkey Capital. StakeStone has also undergone a security audit by Secure3Audit.
(2) Mountain Protocol
Mountain Protocol is an institutional-grade compliant yield stablecoin protocol. Its stablecoin, USDM, is backed by short-term US government bonds, making it a secure and compliant asset. Mountain Protocol has received investment from Coinbase Ventures and has undergone audits by renowned institutions such as OpenZeppelin.
Ecological Data and Project Overview
Manta Pacific currently has a Total Value Locked (TVL) of $559 million, making it the 6th largest L2 network according to L2 Beat data. The Manta Pacific ecosystem consists of over 200 projects, many of which have not yet launched their tokens. The ecosystem has seen significant growth in on-chain activity, with nearly 7 million transactions and over 446,000 wallet addresses.
Some key projects in the Manta ecosystem include QuickSwap, iZUMi Finance, LayerBank, Symbiosis, PacificSwap, AsMatch, Orbiter Finance, and Minibridge.
Summary
Manta Pacific, with its innovative ZK solutions and the New Paradigm activity, aims to provide users with various income opportunities and a shorter break-even period compared to other L2 solutions such as Blast. The ecosystem offers a range of features, including staking, liquidity incentives, and potential airdrops from ecosystem projects. With strong backing from investors like Binance Labs and Polychain Capital, Manta Pacific is poised to become a leading ZK-based L2 network.
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Blast
Manta Pacific