Manta Community has surpassed the Base Community to develop into Ethereum’s fourth largest Layer 2 answer.
In keeping with the L2Beat platform, $858 million has already been locked in good contracts on the brand new Manta Community blockchain. The surge in curiosity within the community was doubtless brought on by the launch of the bridge and a possible airdrop for Manta customers.
Supply: L2Beat
Mainnet was launched on Sep. 10, 2023. The community’s TVL started to extend in mid-December. In keeping with L2Beat, $858 million is locked within the community’s good contracts, nearly $101 million greater than Base’s $757 million.
Nonetheless, Manta’s market share is comparatively small total – solely 3.87%. The chief stays Arbitrum One, which holds nearly 50% of the whole TVL market with a market share of 49.78%.
Supply: L2Beat
Along with the spectacular TVL, the Manta Community workforce has allotted 12% of the MANTA token emission to airdrops. The whole emission of native tokens of the second-level community Manta Community shall be 1 billion MANTA, of which 12% shall be used to finance two airdrops.
Discover $MANTA, the native utility and governance token of @MantaNetwork 🔱$MANTA empowers customers throughout #MantaPacific and #MantaAtlantic, facilitating an improved expertise for the modular ecosystem constructed for scalable, next-generation dApps.https://t.co/XFwIhLy9L9
— Manta Community (🔱,🔱) #MantaNewParadigm (@MantaNetwork) January 15, 2024
Earlier in January, the Arbitrum One community broke a brand new report. At first of the yr, the blockchain noticed a noticeable optimistic web influx of TVL, exceeding $11.04 billion, setting a historic report. Whole TVL throughout Stage 2 networks additionally reached a traditionally excessive stage in January, exceeding $21 billion.
Learn extra: Threshold outstrips DeFi market development with optimistic 30% rally and TVL surge
