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).
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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.
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.
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