Sirwin
Sirwin

Manta: Is Modularity Revolutionizing Crypto or Simply Riding a Wave of Hype?

By Cryptofab | Cointune | 2 Mar 2024


I recently had the opportunity to dive into the Binance Research report on scaling blockchains and embracing modularity. It was truly enlightening to explore the intricate details of how blockchain technology is evolving to meet the demands of scalability and flexibility.

One concept that particularly caught my attention was the focus on modularity and how it is reshaping the landscape of blockchain networks. The idea of implementing modular approaches to enhance blockchain scalability while maintaining robustness is a game-changer.

In the report, the discussion around Manta Pacific stood out to me. The way Manta Pacific is leveraging modularity to enhance throughput and data availability is truly impressive. It's fascinating to see how innovative projects like Manta Pacific are pushing the boundaries of what is possible in the blockchain space.

It's remarkable to see how Manta Pacific has managed to grow into one of the fastest-growing Ethereum L2s in terms of TVL, expanding from a mere US$30M to an impressive US$1.9B in just three months. The strategic introduction of "New Paradigm" in December 2023 has been a game-changer, combining crypto-economic incentives with effective marketing techniques to drive user engagement and network growth. According to l2beat.com, Manta is now the fourth largest Ethereum L2-chain in TVL... Bigger than Starknet, but with a lower market cap and FDV... Not a financial advice.

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I believe that by embracing modularity, blockchain networks like Manta Pacific are riding a wave of hype... Will it last forever? It is unlikely, but it might be worth looking at it.

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Cryptofab
Cryptofab

Studying Bitcoin, Alts & Arts.


Cointune
Cointune

Crypto, DeFi and passive income.

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