impressive growth
Dune Analytics has revealed a notable surge in Total Value Locked (TVL) for Manta Network’s flagship product, New Paradigm. In just 24 hours, TVL soared to over $45 million, an impressive increase of 125%. This growth is highlighted by significant commitments of 17,667 ETH and 6,778,208 USDC.
global interest
New Paradigm’s success is now reverberating globally, with significant interest in Korea and Turkey in particular. This surging popularity is evident in surging social media discussions as well as rising Google search trends, indicating growing international curiosity and engagement with the product.
Innovative profit model
At the core of New Paradigm is an innovative revenue model that leverages the Blast model for user engagement. Participants in this ecosystem can pledge ETH and USDC through Manta Pacific and are also given incentives to invite others. This model offers five distinct advantages: fixed returns in ETH and USDC, treasure chest NFT rewards exchangeable for MANTA tokens, composability rewards within the Manta Pacific ecosystem, additional bonuses from ecological projects, and re-staking rewards from Eigenlayer .
strategic financing
Manta Pacific, a cutting-edge Ethereum modular layer 2 solution tailored for ZK applications and part of the Manta Network, was the beneficiary of significant financial support. In particular, it has secured over $60 million in funding from renowned companies such as Polychain, Binance labs, CoinFund, and SevenX Ventures. This substantial support highlights the confidence and excitement surrounding Manta Network’s products in the DeFi space.
Manta Network, with its New Paradigm products, is quickly gaining a significant position in the decentralized finance landscape. The combination of innovative financial solutions, global community engagement, and solid support from leading investment firms has positioned it as a key player to watch in the evolving world of DeFi.