Manta Community has surpassed the bottom community to change into Ethereum’s fourth largest Layer 2 resolution.
In line with the L2Beat platform, $858 million has already been dedicated to good contracts on the brand new Manta Community blockchain. The rise in curiosity within the community was doubtless attributable to the launch of the bridge and a potential airdrop for Manta customers.

Supply: L2Beat
Mainnet launched on September 10, 2023. The community’s TVL began growing in mid-December. In line with L2Beat, there may be $858 million tied up within the community’s good contracts, virtually $101 million greater than Base’s $757 million.
Nevertheless, Manta’s market share total is comparatively small: solely 3.87%. The chief stays Arbitrum One, which has virtually 50% of the entire TVL market with a market share of 49.78%.

Supply: L2Beat
Along with the spectacular TVL, the Manta Community workforce has allotted 12% of the MANTA token emission to airdrops. The whole issuance of native tokens of the second-tier community Manta Community will quantity to 1 billion MANTA, of which 12% shall be used to fund two airdrops.
Uncover $MANTA, the native utility and governance token from @MantaNetwork
$MANTA powers customers in #MantaPacific and #MantaAtlantic, facilitating an enhanced expertise for the modular ecosystem constructed for next-generation scalable dApps.https:/ /t.co/XFwIhLy9L9
— Manta Community (
,
) #MantaNewParadigm (@MantaNetwork) January 15, 2024
Earlier in January, the Arbitrum One community broke a brand new report. Firstly of the 12 months, the blockchain noticed a noticeable constructive web TVL influx of over $11.04 billion, setting an all-time report. Complete TVL throughout Stage 2 networks additionally reached an all-time excessive in January, exceeding $21 billion.
Learn extra: The edge exceeds the expansion of the DeFi market with a bullish 30% rally and an increase in TVL