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Manta Network’s Ethereum Layer 2 Blockchain Exceeds $900M in TVL

Manta Pacific, the native Layer 2 modular blockchain of Manta Network, has witnessed a massive increase in Total Value Locked (TVL) over the last quarter. Launched just under four months ago, in October 2023, Manta Pacific’s TVL started at a modest $10 million. However, it has now surged past $900 million, solidifying its position as one of the fastest-growing Layer 2 solutions in the Ethereum ecosystem. The explosive growth in TVL can be attributed to Manta Network’s strategic initiative known as the “New Paradigm” campaign, which saw a staggering $850 million bridged within a mere three weeks. Manta Network has been gaining significant attention recently due to its efforts in the realm of modular blockchains.

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