Following last week’s exciting launch of new protocol Manta Network, the Manta Network (MANTA) price has been pumping.
The Manta Network price was last around $2.45 per token, up around 8% in 24 hours as per CoinGecko.
According to CoinGecko, MANTA is the second most trending cryptocurrency of the day.
The Manta Network’s price of $2.45 gives it a strong market cap of more than $600 million.
The Manta Network price’s strong start to life likely has a lot to do with its airdrop.
Traders rushed to deposit nearly $1 billion in Ether to its network last week in order to secure a share of these tokens.
That saw the network quickly rank as the fourth largest layer-2 protocol by TVL.With growing hype and MANTA seemingly in an upward trend channel, MANTA may soon become a crypto unicorn.
Crypto unicorns are defined as coins with a market cap of more than $1 billion.
The Manta Network features two layer-2 blockchains.
It’s just launched layer-1 protocol is called Manta Atlantic.
Its Celestia layer-2 protocol is called Manta Pacific, and claims to have saved users over $1 million in gas fees.
With @CelestiaOrg underneath, #MantaPacific has saved its users a cumulative $1m in gas fees over the past month. That is truly powerful scalability achievable only on Manta Pacific.
Gas savings tracker: https://t.co/DoOYeQw8FZ pic.twitter.com/H3gK7EtNOs
— Manta Network (
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