Manta Network, a dynamic ecosystem operating within the web3 realm, has made it into CoinGecko’s latest trending report on January 18th.
Promoted as a platform offering faster transaction speeds compared to Layer 1 (L1) solutions and lower gas costs compared to Layer 2 (L2) solutions, Manta Network (MANTA) has been at the center of several significant developments, including the launch of MantaDEX. As a result, its price has surged to $2.43, with a 24-hour trading volume of $674 million, marking a 20.4% increase.
The price chart for Manta Network to USD, sourced from CoinGecko, illustrates the impressive performance of the project. Over the past week, MANTA has consistently outperformed the broader cryptocurrency market, which saw a decline of 5.9%. In comparison to other Binance Launchpool cryptocurrencies, Manta Network has also surpassed the average 0% gain seen by similar coins. The all-time high for Manta Network reached $2.72 on January 18th, representing a 10.5% increase from the current price.
This milestone coincided with a special event scheduled on January 18th to show appreciation for the long-term supporters of Manta’s two networks—Manta Pacific and Manta Atlantic. This initiative aims to celebrate and recognize the loyal backers of Manta Pacific, described as a Layer 2 modular blockchain, and Manta Atlantic, a zero-knowledge Layer 1 chain intricately built on the Polkadot platform.
The news also highlights the remarkable growth of Manta Pacific, which has seen a 70-fold increase in Total Value Locked over the past quarter.
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