Manta Network

Manta Network is a Layer 2 scaling project built on Ethereum that aims to make zero-knowledge (ZK) cryptography accessible to application developers without requiring them to rewrite their code. Manta Pacific, its primary product, positions itself as an EVM-equivalent platform, meaning developers familiar with standard Ethereum tooling can deploy on it with minimal friction. It uses Celestia for data availability and Polygon's zkEVM technology to handle transaction verification, targeting developers who want lower costs and privacy-preserving features compared to Ethereum's base layer.

Manta Pacific settles transactions using Polygon's zkEVM, which bundles many transactions together and produces a cryptographic proof that the entire batch was executed correctly, reducing the load placed on Ethereum. Data availability is handled by Celestia rather than posting all data directly to Ethereum, which lowers the cost of each transaction — the median transaction fee recorded for the most recent full day stands at $0.000005. The MANTA token exists within this ecosystem; its precise governance and fee-payment mechanics are not fully detailed in the stored data, but approximately 48.2% of the one-billion maximum supply is currently circulating.

The network generated $6.92 in fees over the most recent 24-hour period and $489.55 in fees over the trailing 30 days, paid by users submitting transactions to the chain. Of that 30-day fee total, supply-side revenue — the portion going to infrastructure providers — was $950.53, which is larger than the fees collected, producing a negative protocol revenue figure of -$460.98 for the same period. This negative take rate of approximately -94.2% over the trailing 30 days means the protocol is currently paying out more to supply-side participants than it collects in fees. On an annualized basis, fees extrapolated from the trailing 30 days come to $5,956.19, while annualized revenue is -$5,608.59.