Manta (MANTA) is a modular Layer 2 for ZK applications.

The Manta Network serves as a gateway for modular ZK applications, introducing a new paradigm for L2 smart contract platforms through the use of modular blockchains and zkEVM.

Manta Pacific addresses availability issues through its modular infrastructure design, enabling seamless integration of modular data availability (DA) and zkEVM, enhancing user experience over time.

MANTA is the native utility token of the Manta Network, used for:

Governance: MANTA token holders can vote on network governance decisions for Manta Pacific and Manta Atlantic.

Staking: Staking MANTA helps ensure the overall security of the Manta Atlantic network.

Attestation Delegation: MANTA holders can choose to delegate their stake to attesters or stake MANTA with their own attester to secure the network.

Network Usage Fees: Manta Atlantic uses MANTA to pay for transaction fees.

Native Liquidity and Collateral: MANTA tokens can be used as native liquidity and collateral within Manta ecosystem services.

The protocol consists of several major components that work together:

Modular Data Availability: Call data for each transaction is processed by Celestia, significantly reducing the cost of processing each transaction on Manta Pacific.

Permissionless Smart Contracts: Projects on Manta Pacific can deploy Solidity-based smart contracts compatible with the EVM environment.

Universal Circuits: Developers can build ZK-supported applications using Manta Pacifics universal circuits, which provide a library of pre-compiled ZK circuits for various use cases, including DeFi, GameFi, identity, and more.

zkEVM Proofs: Transactions are batch-verified using ZK proofs to ensure cryptographic-level security.

The project has raised $60.4 million through private and public token sales. In the private token sale, 24.11% of MANTA tokens were sold at prices ranging from $0.025 to $0.5 per MANTA, while in the public sale, 8% of MANTA tokens were sold at $0.36 per MANTA.