Manta Network Emerges as Top Trending Project
Manta Network, a modular ecosystem within the web3 space, has been featured in CoinGecko’s trending report for Jan. 18. This recognition comes after several major announcements, including the release of MantaDEX. As a result, the price of MANTA has surged to $2.43 with a 24-hour trading volume of $674 million, marking a 20.4% increase.
Enhanced Transaction Speeds and Reduced Gas Costs
Manta Network (MANTA) is known for offering improved transaction speeds compared to Layer 1 (L1) solutions and reduced gas costs compared to Layer 2 (L2) solutions.
Outperforming the Market
Over the past seven days, MANTA has continued to outperform the overall cryptocurrency market, which has seen a decline of 5.9%. In comparison to similar Binance Launchpool cryptocurrencies, Manta Network has also surpassed the average gain of 0% experienced by comparable coins. The all-time high for Manta Network was recorded at $2.72 on Jan. 18, approximately 10.5% higher than the current price.
Appreciating Long-Term Supporters
A recent event held on Jan. 18 was dedicated to showing gratitude to long-term supporters of Manta’s two networks—Manta Pacific and Manta Atlantic. This initiative aims to honor those who have been steadfast supporters of Manta Pacific, a Layer 2 modular blockchain, and Manta Atlantic, a zero-knowledge Layer 1 chain built on the Polkadot platform.
Manta Pacific’s Impressive Growth
The news also highlights the remarkable growth of Manta Pacific, which has witnessed a 70-times increase in Total Value Locked over the past quarter.
Hot Take: Manta Network Gains Momentum with Impressive Performance
Manta Network has caught the attention of the crypto community with its inclusion in CoinGecko’s trending report. The release of MantaDEX and the appreciation event for long-term supporters have contributed to its surge in price and trading volume. With enhanced transaction speeds and reduced gas costs, MANTA has outperformed both the overall cryptocurrency market and similar coins on Binance Launchpool. The significant growth of Manta Pacific further solidifies the project’s success. As Manta Network continues to gain momentum, it remains a promising player in the web3 space.
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