Sirwin
Sirwin

Blast past Manta?

By Buzzbeeg | The Crypto Cave | 21 Jan 2024


rocket blastoff

Blastoff!

 

Could Blast take Mata's spot as a leading layer 2? I think it could. Here's why.

 

But first I shall state the obvious advantages that Manta has. 

  • It seems to offer the same thing that Blast offers. It's a layer 2 solution that provides yield. Why should someone bother researching another one?
  • First mover advantage. This may be the biggest advantage it has! First to market always has a big advantage and it doesn't look like Blast will be full throttle until May. This gives Manta time to gain partnerships and get integrated into countless exchanges, DEX's and pools. 
  • The Manta token is in the top 100 on CoinMarketCap. They are officially an important mover and shaker in the crypto space.

So why do I think Blast could overtake Manta?

 

1. It's connected to the Blur NFT Marketplace. According to DappRadar Blur moved 541 million dollars worth of NFTs on its marketplace in the last 30 days. If Blast became the official layer 2 of Blur that guarantees it a large amount of volume to service. This would make Blast highly competitive against Manta despite Manta's early start. I think this is quite likely but it could be considered speculation. 

2. Great TVL in Blast than Manta. According to DeFiLlama Blast has 1.4 Billion in TVL while Manta has 435 Million TVL. This is half of Blast. However, I will point out that users are unable to withdraw from Blast until February. I am sure Manta users can withdraw now. BUT Manta has never had as much TVL as Blast. This signifies there are more users, and money on Blast even though it hasn't launched yet than there are on Manta. 

3. Slicker interface. I like how Blast looks better than how Manta looks.  I think it will be easier to use. It's more pleasing to the eye. Retail will like it better in the long run. 

Conclusion

It's in the best interest of the crypto community for several layer 2 services to thrive. Choices are important, the community is important, and use cases are important. I like options. I am glad to have Optimism, Polygon, Manta, and Blast. I hope they all succeed!

Don't miss out!

If you missed out on the Manta airdrop you aren't too late for Blast. Use my referrals below so you can get your seat on the Blast rocket. Each referral goes to an individual. If the first referral doesn't work just move on to the next one. 

blast.io/QTP23

blast.io/IQWYW

blast.io/ZBM55

blast.io/FENC6

blast.io/24UB6

blast.io/1EIRB

blast.io/G8APK

I don't normally drop this many referrals but I feel bullish and want as many people as possible to have an opportunity. If you are excited about Blast comment below!

🔥Subscribe to our Free Investment Newsletter.🔥

We have two primary data offerings for stocks: (1) a risk parity “Bubble Portfolio” and (2) a “Leveraged Index Portfolio”. They are pictured below relative to their benchmark: the QQQ, which is an ETF of the Nasdaq100.

If you learned something, hit that UP ARROW ⬆️ and SHARE⬆️.

Notes and Disclosures

This post is provided for educational and entertainment purposes only and should not be relied upon for business, investment, taxation, or legal advice. Certain information presented is gathered from third parties and has not been independently verified. The views expressed here are those of the individual author and are not the views of 1.2 Labs Inc. or its affiliate firms. If you decide to buy or invest in anything, then your returns and potential losses are your own. No statements about taxation are taxable advice and you are encouraged to consult your own tax professional. No statements are legal advice and you are encouraged to consult your own legal professional. No statements about investing constitute investment advice and you are encouraged both to do your own due diligence research before investing and to consult an investment professional in that process.

Finally, as the author of this report, you should recognize that I do actively invest. Many of my trades are quick and I do write about many investment items, whether stocks, coins, collectibles, and the like which I do not own. For the purposes of disclosing any conflicts of interest, assume that if it is covered, I own the investment item. Or if my coverage is negative that I am short the investment item.

How do you rate this article?

30


Buzzbeeg
Buzzbeeg

I work for several Cryptocurrency projects including Silica neXus and Divi Project. I also write on Quora and share many of the same posts that I share here.


The Crypto Cave
The Crypto Cave

The fun side of crypto; making money, blockchain games, and learning. Like my thoughts on Crypto? Check out my Quora space: https://cryptocave.quora.com/ and 🔥Subscribe to our Free Investment Newsletter. https://theartofthebubble.com/newsletter/🔥 This post is provided for educational and entertainment purposes only and should not be relied upon for business, investment, taxation, or legal advice.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.