The Leading Layer 2 Network for Total Value Locked: Manta Pacific

Manta Pacific Emerges as the Third Largest Layer 2 Network

Manta Pacific has quickly become the third-largest Layer 2 network in terms of Total Value Locked (TVL). Co-founder Kenny Li shares the key factors behind this achievement, highlighting the project’s innovative features and strategic maneuvers.

The Rise of Manta Pacific in Layer 2 Solutions

Manta Pacific has established itself as a formidable player in the rapidly evolving world of Layer 2 solutions. Despite initial challenges during its token launch, the project’s innovative features and strategic initiatives have propelled it to the forefront of decentralized finance (DeFi).

Kenny Li attributes Manta Pacific’s success to the New Paradigm campaign, which introduced an innovative update allowing users to earn returns on assets deposited directly within the platform. This unique feature has garnered significant interest, leading to Manta Pacific’s rise among the top Layer 2 networks.

Token Launch and Liquidity Increase

The success of Manta Pacific’s token launch has played a crucial role in its current position. Despite facing a DDoS attack shortly after the launch, the project overcame this challenge and compensated affected users. Since then, liquidity and volume on Manta Pacific’s native chain have soared, surpassing industry giants like Coinbase’s Base network.

Manta Network Ecosystem

Manta Pacific is part of the broader Manta Network ecosystem, which includes Manta Atlantic. While Manta Atlantic focuses on privacy-focused solutions, Manta Pacific prioritizes scalability and optimizing the DeFi experience on layer 2. The project is actively investigating the DDoS attack and is transitioning to a zkEVM, aligning with zero-knowledge proof technology while maintaining compatibility with Ethereum.

Hot Take: Manta Pacific’s Impressive Growth in DeFi

Manta Pacific’s rise to become the third-largest Layer 2 network for TVL is a testament to its innovative features, strategic initiatives, and resilience in the face of challenges. Co-founder Kenny Li’s insights provide valuable perspectives on the project’s trajectory and its position within the competitive DeFi landscape.