🚀 Manta Enters Top 10 TVL Ranking

posted  31 Jan 2024
Photo - Manta Enters Top 10 TVL Ranking
Manta, a modular L1 blockchain launched in September 2023, has clinched the 9th position in the list of top projects by Total Value Locked (TVL). With $468 million, it has outperformed rivals such as Sui, Cardano, and Base. Despite this achievement, the trading activity on its DEX remains relatively low ($4.6 million).
Blockchain rankings by TVL. Source: official website of DefiLlama.

Blockchain rankings by TVL. Source: official website of DefiLlama.

Manta's popularity continues to soar, with a 10% increase in TVL over the past week. This comes despite a recent DDoS attack during the release of its native token MANTA, which caused temporary delays in information exchange between apps and the blockchain. Developers swiftly resolved the attack-related issues, reaffirming Manta's resilience.
How did Manta enter the Top 10 TVL ranking?

Manta entered the Top 10 TVL ranking by leveraging its innovative privacy-preserving technology and robust ecosystem. By integrating advanced cryptography techniques, Manta has built a platform that ensures user anonymity and security, attracting a wide range of users and developers. Its unique approach to privacy has set it apart from other projects, driving significant TVL growth. Moreover, strategic partnerships and community engagement have played crucial roles in boosting Manta's visibility and credibility within the blockchain space. As a result, Manta’s TVL has surged, placing it among the top performers in the industry. Keywords: Manta, Top 10 TVL ranking, privacy-preserving technology, cryptography, blockchain, TVL growth, strategic partnerships.

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