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Manta Network Price

(MANTA)

$0.0659
0.00%(5m)

1m5m15m1h8h1d1W
Manta Network (MANTA) Live Price Chart

    Manta Network Live Price Data

    The live price of Manta Network is 0.0659, with a total trading volume of 147316.1342 in the last 24 hours. The price of Manta Network changed by +4.27% in the past day, and its value has increased by +13.42% over the last week. With a circulating supply of 476,435,849 MANTA, the market cap of Manta Network is currently 31168000.86872764818015503100 , marking a +4.27% increase today. Manta Network currently ranks #560 in market cap.

    How do you feel about MANTA today?

    Note: This data is for reference only.
    pk

    MANTA(MANTA) Profile

    altRank560
    rate--
    Expand
    $0.062
    $0.0659

    ATH
    $4.08295305
    Price Change (1h)
    +0.30%
    Price Change (24h)
    +4.27%
    Price Change (7d)
    +13.42%
    Market Cap
    24h Volume
    Circulating Supply
    476,435,849
    Max Supply
    1B

    About Manta Network

    • What Is Manta Network (MANTA) Crypto?

      Manta Network (MANTA) is an innovative blockchain platform that focuses on providing privacy and scalability solutions for decentralized applications (dApps) on Ethereum. It achieves this through the use of zero-knowledge proofs, a cutting-edge cryptographic technique. Manta Network is notable for its two distinct layers:

      1. Manta Pacific (Layer 2 on Ethereum)

      This layer is designed for Ethereum Virtual Machine (EVM)-native Zero-Knowledge (ZK) applications. It uses Celestia for data availability and zkEVM for scalability, offering features like Universal Circuits to simplify the development of ZK applications using Solidity. Manta Pacific is known for its modular structure, which aids in scalability and maintaining low gas fees.

      2. Manta Atlantic (Layer 1 on Polkadot)

      This layer focuses on ZK compliance credentials and introduces zkSBTs (Zero-Knowledge Simple Barter Tokens), enabling a private, reusable, and auditable address system known as zkAddresses. Manta Atlantic is recognized for its interoperability capabilities, facilitating smooth interactions with other projects.

      Manta Network stands out for its modular approach, which helps in reducing gas fees and providing a fast infrastructure. It's designed to be developer-friendly and app-agnostic, allowing developers flexibility across chains and environments, including mobile apps. Manta Network's technology is suitable for a wide range of applications, from DeFi to gaming to social apps.

      In terms of its economic model, Manta Network has introduced a new approach in the Layer 2 Ethereum ecosystem, focusing on advanced yield generation. This model includes diversified yield sources, strategic partnerships, token rewards, and an engaging NFT framework.

    • How Does Manta Network Work?

      Manta Network operates through a distinctive two-pronged approach, each tailored to address specific needs in the Web3 development landscape:

      Manta Pacific (Ethereum Layer-2): This segment of Manta Network is designed specifically for EVM-native Zero-Knowledge (ZK) applications. It leverages Celestia for data availability and a modified version of zkEVM for enhanced scalability. Manta Pacific's standout features include:

      > Universal Circuits: These circuits simplify the development of ZK applications using the Solidity programming language.

      > Modular Structure: This structure ensures scalability while keeping gas fees low, which is crucial for the efficient operation of dApps.

      > Developer-Centric Tools: Manta Pacific provides Software Development Kits (SDKs) and proof keys that facilitate the easy integration of on-chain identity in dApps, making the network accessible and user-friendly for developers.

      Manta Atlantic (Layer 1 on Polkadot): This layer focuses on ZK compliance credentials and introduces a new concept called zkSBTs (Zero-Knowledge Simple Barter Tokens). These tokens enable a private, reusable, and auditable address system, termed zkAddresses. Key features of Manta Atlantic include:

      > Interoperability: It allows for seamless interactions with other projects without the need for complex cryptographic processes.

      > Support for Various Applications: Manta Atlantic is adaptable for a range of applications, including zkNFTs, staking, and various ecosystem projects.

      Together, these two layers integrate advanced cryptographic solutions with user-friendly developer tools, enhancing the security, scalability, and accessibility of blockchain technology for the burgeoning Web3 domain. The network's approach is centered around maintaining user privacy and control over their identity and transaction history in a compliant and cost-effective environment, leveraging the power of zero-knowledge cryptography.

    • When Was Manta Network (MANTA) Coin Launched?

      Manta Network was established in 2020 by Victor Ji, Shumo Chu, and Kenny Li, and is a venture of P0x Labs. It has attracted significant investment from top entities in the web3 sector, such as Binance Labs and Polychain Capital, and is supported by prestigious accelerators in the web3 domain.

      In 2023, Manta Network raised $25 million in a Series A funding round led by Polychain Capital and Qiming Venture Partners, increasing its valuation to $500 million. The company launched the Manta Pacific testnet, a crucial step in developing its ecosystem, focusing on Zero-Knowledge (ZK) applications. The testnet integrates with Celestia's data layer and Optimism's OP Stack to foster ZK product adoption. Manta Pacific, the first EVM-native modular execution layer, simplifies ZK application development and enhances scalability while reducing gas fees.

      Manta Atlantic, the Layer 1 solution, has a significant user base, with its NPO platform minting over 300,000 zkSBTs and its wallet installed over 200,000 times. The testnet features various zkApps, and with Qiming Venture Partners' backing, Manta Network plans to expand into Asian markets.

    • How to Use MANTA Token

      MANTA is the native token of the Manta Network and has the following use cases:

      1. Governance

      Holders of MANTA tokens have the right to vote on proposals that shape the future of the Manta Network, such as:

      > Deciding on network upgrades and feature implementations

      > Approving the use of treasury fund

      > Setting parameters for network fees and rewards

      > Electing members of the Manta Council (governance body)

      2. Staking MANTA on Manta Network

      Users can stake MANTA tokens to secure the network and earn rewards in return. This involves locking up tokens to validate transactions and maintain consensus, ensuring network security and integrity.

      Staking rewards are distributed proportionally to the amount of MANTA staked, providing an incentive for users to participate in governance and contribute to network stability.

      3. Paying Fees on Manta Network

      MANTA tokens are used to pay for various fees within the Manta Network, such as:

      > Transaction fees for using Manta's privacy-preserving features (e.g., private transfers and private swaps)

      > Fees for deploying smart contracts on Manta

      > Fees for using Manta's decentralized exchange (DEX)

      4. Trade MANTA on KuCoin

      Trade Manta Network crypto on the KuCoin Pre-Market or KuCoin Spot Market against other digital assets to make the most of changing market conditions and volatility. Buy or sell MANTA or hold it long-term if you believe in the future potential of the Manta Network project. Remember to undertake trading decisions in the crypto market only after you DYOR.

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