Binance Launchpool - Manta Network MANTA Raises 5.8 Billion Baht, Becomes the Tenth Chain Following Base

The 44th phase of Binance's new coin mining has launched - Manta Network MANTA, the emerging public chain that has gained great fame recently due to the New Paradigm staking activities, has reached new heights with Binance's participation.

How will the privacy-focused Layer2 project Manta Pacific break through the competition in zk Rollups as a newcomer?

Binance Coin Mining Launchpool: MANTA

Attracting $5.8 Billion in Mining

Total rewards of 30 million MANTA FDUSD, with 6 million in the FDUSD pool and 24 million in the BNB pool, lasting for two days; starting from 8 a.m. on 1/16 after pledging, it has attracted over 1 billion FUSD ($1.34 billion) and over 14 million BNB ($4.45 billion), totaling around $5.8 billion in MANTA distribution.

However, the pool funds attracted in this distribution are similar to the previous ones, as the TUSD pool is missing this time. TUSD uncoupled, unable to withdraw from Poloniex?

Estimated Price of MANTA?

Currently in the pre-market on BitMEX, the price of MANTA is 2.4. Learn about the tokenomics. The initial circulation is 251,000,000 MANTA, totaling 25.1%, which is approximately a market value of around $600 million.

Manta Network Ranks as the Tenth Largest Chain after Base

Dragonfly Managing Partner Haseeb exclaimed how Manta suddenly locked up so much value and became the tenth largest blockchain, just behind Coinbase's Base chain?

According to DeFiLlama data, Manta's TVL increased by 2351% in a month, reaching $420 million, slightly behind the ninth-largest blockchain, Base, with $428 million. Within the Manta ecosystem, the platform with the most assets is the lending platform LayerBank, with $324 million.

LayerBank's Fund Attraction Incentives

LayerBank incentivizes users to supply, borrow, and stake on the platform through points, which are recorded as the basis for Manta airdrops.

Manta Network, with timely technological narratives and a strong marketing mechanism including referral programs, NFTs, points, staking, etc., has been highly anticipated in the recent market. Whether this emerging public chain on Ethereum L2 + external DA layer can capture a larger market in the future remains to be seen.