Token Launch Day for Manta Network Marred by DDoS Attack

Manta Network Suffers DDoS Attack Amid Token Listing

Manta Network, a zero-knowledge proof-powered layer-2 blockchain, recently experienced a significant distributed denial-of-service (DDoS) attack. This attack occurred at the same time as the successful listing of its token on major exchanges.

The Aggressive DDoS Attack

The blockchain’s nodes were overwhelmed with over 135 million remote procedure call (RPC) requests on January 18. Although the attack was aggressive and timed, Manta Network assured users that their funds remained safe and the blockchain continued to operate securely. However, communication between applications and the blockchain was severely affected.

Token Listing Success

Despite the DDoS attack, Manta Network’s token debuted on exchanges like Binance, Bithumb, and Kucoin. The Manta token had an initial price of $2.27, resulting in a fully diluted market cap of $2.27 billion. Within hours, the trading volume reached over $686 million.

Manta Network’s Growth and Development

In July 2023, p0x Labs raised $25 million in a Series A funding round for Manta Network. In September 2023, Manta Pacific transitioned from testnet to mainnet, showcasing its capabilities with 150,000 wallets and over 3.5 million transactions. Additionally, Manta Atlantic launched as a nonfungible token (NFT) private offering platform in April 2023.

Integration into the Binance Ecosystem and Future Prospects

Manta Network’s integration into Binance is a significant milestone for the blockchain. The inclusion of MANTA in Binance’s launch pool with multiple trading pairs demonstrates market confidence in its potential. Despite the DDoS attack, Manta Network remains resilient and committed to long-term success.

Hot Take: Manta Network’s Resilience and Potential

Despite facing a DDoS attack during its token listing, Manta Network has shown resilience and commitment to growth. With successful market response and integration into the Binance ecosystem, Manta Network is poised for further innovation and success in the blockchain and cryptocurrency domains.