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Manta Pacific's (MANTA Coin) TVL rises with multiple development strategies
According to data from L2 Beat, Manta Pacific, Manta Network's (MANTA Coin) layer-2 blockchain, has risen to third place on the list of the largest layer-2 projects by TVL, behind Arbitrum One and OP Mainnet. Thus, Manta Pacific's TVL has grown steadily, reaching a peak of $1.76 billion. It also doubled its rival Base's $712 million among the layer-2 blockchains with the highest TVL in the crypto market. Manta Coin is a layer-1 based on the Substrate infrastructure. Also, a project that belongs to the Polkadot ecosystem. After raising $25 million in a Series A round, the project shifted its focus to developing the layer-2 Manta Pacific in September 2023.
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