Manta Network

The relationship between fees and supply-side revenue is worth monitoring because the current negative protocol revenue and negative take rate indicate costs exceed collections, and any shift in that balance would change the annualized revenue yield, presently at negative 1.78% of market capitalization. Active addresses, recorded at 502 for the most recent full day and 2,805 over the trailing seven days, and daily transactions at 22,307 are the clearest on-chain measures of whether usage is expanding or contracting. The dilution overhang stands at 107.5%, meaning the volume of MANTA tokens not yet in circulation exceeds the current circulating supply, so changes in the circulating supply percentage, currently at 48.2% of the one-billion maximum, are worth tracking over time. The stablecoin supply hosted on the network, at roughly $3.37 million, can serve as a proxy for how much economic activity is actually settling on-chain.

Written by an AI language model from the figures listed below, on 22 Oct 2026 09:29 UTC.