Gate News Bot Report, February 12 — According to CoinMarketCap data, at press time, MANTA (Manta Network) is trading at $0.08, up 22.87% in the past 24 hours, with a high of $0.08 and a low of $0.06. The 24-hour trading volume reached $35.2 million. The current market capitalization is approximately $37.1 million, an increase of $6.91 million from yesterday.
Manta Network is a modular blockchain for zero-knowledge applications. As the first modular L2 built on Ethereum using Celestia DA, Manta Network aims to reduce gas fees through modular design and deliver high performance at lower costs. The network has established a thriving ecosystem with over 200 projects including Galxe, iZUMi, Orbiter Finance, Pyth, and ApolloX. Users can stake MANTA to earn an APY of 14.7%, while also participating in community governance to shape the network’s future. Supported by top institutions like Polychain Capital, Manta Network continues to advance innovation in modular blockchain and zero-knowledge technology.
Recent Important News about MANTA:
1️⃣ Significant Ecosystem Development Supports Price Performance
Manta Network has integrated over 200 ecosystem projects, including leading applications like Galxe, iZUMi, Orbiter Finance, Pyth, and ApolloX. The growth of a robust ecosystem has strengthened the network’s fundamentals. A comprehensive ecosystem can enhance user engagement and network value, providing fundamental support for the recent price increase of MANTA.
2️⃣ Advantages of Modular Technology Align with Cost-Reduction Needs
As the first modular L2 on Ethereum utilizing Celestia DA, Manta Network effectively reduces transaction gas fees through its modular architecture. In a market where demand for low-cost chains persists, the technical advantages are recognized by investors, boosting buying interest.
3️⃣ Staking Yields and Institutional Support Reinforce Long-Term Bullish Outlook
A staking APY of 14.7% attracts long-term holders, encouraging them to lock in MANTA tokens and reducing liquidity pressure. Ongoing support from top investment firms like Polychain Capital provides confidence in the project’s quality, helping maintain positive investor sentiment.
This message is not investment advice. Please be aware of market volatility risks when investing.
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