Layer 2 Blockchain Manta Pacific to Reduce Transaction Fees
Blockchain platform Manta Pacific plans to implement a modular data availability solution to decrease user transaction fees. The company will utilize Celestia’s data availability sampling, which allows light nodes to verify data availability without downloading all the information within a block. Kenny Li, co-founder and core contributor at Manta Network, states that this move will provide users with a more cost-effective and secure network environment.
Celestia Integration for Cost Reduction
Celestia’s data availability solution has already gained traction among leading rollup projects. For example, Polygon Labs’ chain development kit, an open-source toolkit for Layer 2 chain development, is incorporating Celestia’s solution to cut costs within its ecosystem. This integration aims to reduce expenses associated with Layer 2 chains developed on the Polygon platform.
Growth and Funding
Manta Pacific has seen rapid growth since its mainnet launch in September, with a total value locked of $18 million in just over two months. In July, the project’s developer p0x labs raised $25 million in a funding round led by Polychain Capital.
Hot Take: Manta Pacific Implements Data Availability Solution for Lower Transaction Fees
Manta Pacific is set to enhance its blockchain platform by adopting Celestia’s data availability sampling mechanism. This move will result in reduced transaction fees for users while ensuring a more secure network environment. The integration of Celestia’s solution has already garnered interest from other prominent projects like Polygon Labs, which seeks to lower costs within its Layer 2 chain ecosystem. With significant growth and funding support, Manta Pacific is positioning itself as an innovative player in the blockchain industry.
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