Gate News Bot Report, February 12 — According to CoinMarketCap data, at press time, MANTA (Manta Network) is trading at $0.08, up 22.87% in the past 24 hours, with a high of $0.08 and a low of $0.06. The 24-hour trading volume reached $35.2 million. The current market capitalization is approximately $37.1 million, an increase of $6.91 million from yesterday.
Manta Network is a modular blockchain for zero-knowledge applications. As the first modular L2 built on Ethereum using Celestia DA, Manta Network aims to reduce gas fees through modular design and deliver high performance at lower costs. The network has established a thriving ecosystem with over 200 projects including Galxe, iZUMi, Orbiter Finance, Pyth, and ApolloX. Users can stake MANTA to earn an APY of 14.7%, while also participating in community governance to shape the network’s future. Supported by top institutions like Polychain Capital, Manta Network continues to advance innovation in modular blockchain and zero-knowledge technology.
Recent Important News about MANTA:
1️⃣ Significant Ecosystem Development Supports Price Performance
Manta Network has integrated over 200 ecosystem projects, including leading applications like Galxe, iZUMi, Orbiter Finance, Pyth, and ApolloX. The growth of a robust ecosystem has strengthened the network’s fundamentals. A comprehensive ecosystem can enhance user engagement and network value, providing fundamental support for the recent price increase of MANTA.
2️⃣ Advantages of Modular Technology Align with Cost-Reduction Needs
As the first modular L2 on Ethereum utilizing Celestia DA, Manta Network effectively reduces transaction gas fees through its modular architecture. In a market where demand for low-cost chains persists, the technical advantages are recognized by investors, boosting buying interest.
3️⃣ Staking Yields and Institutional Support Reinforce Long-Term Bullish Outlook
A staking APY of 14.7% attracts long-term holders, encouraging them to lock in MANTA tokens and reducing liquidity pressure. Ongoing support from top investment firms like Polychain Capital provides confidence in the project’s quality, helping maintain positive investor sentiment.
This message is not investment advice. Please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Daily (April 17): Musk’s X Money hits a roadblock with New York crypto regulation; Yuga Labs appoints a new CEO
Bitcoin (BTC) is flat at $74,920. A ceasefire between Israel and Lebanon has taken effect, and Trump says Iran agreed not to develop nuclear weapons. Mizuho Bank warns that Musk’s X Money could be affected by New York’s crypto regulation. Yuga Labs replaces its CEO: Greg Solano becomes Chairman of the Board, and Michael Figge takes over. The market is broadly optimistic. A record-high Bitcoin buying wave in the past decade has emerged, suggesting the price may be moving toward $90,000.
MarketWhisper20h ago
Solana and Ripple's 'XRP' Posts Highlight $100M Wrapped XRP Integration
Solana's recent post about "XRP" led to Ripple's reply, influencing XRP's price. This comes amid the launch of wrapped XRP on Solana through Hex Trust and LayerZero, attracting significant liquidity, highlighting an evolving collaboration in the crypto space.
GateNews04-16 11:51
Gate Daily Report (April 16): Tether may have purchased 951 BTC; Virginia enacts crypto property law
Bitcoin continues to rise, reaching $74,630. Tether uses its profits to buy 951 bitcoins. Virginia passes an unclaimed property law, requiring idle cryptocurrency to be transferred to the state government. U.S. stocks are driven by tech stocks, and the S&P 500 index hits a new high. Crypto market dynamics show that investors are paying attention to geopolitical conditions and U.S. monetary policy.
MarketWhisper04-16 01:46
Polygon Launches sPOL to Unlock $3.6B in Staked POL and Boost Staker Rewards
Polygon has launched sPOL, a liquid staking token, enabling greater liquidity for staked POL tokens. Audited for security, sPOL allows stakers to earn rewards while using assets in DeFi, with initial liquidity from the treasury and live pools on Uniswap V4.
GateNews04-15 07:12
XRP Today News: CLARITY Act Pushes Through in May, Standard Chartered Bank Turns Bullish on $8
Ripple CEO Garlinghouse confirmed at the summit that the CLARITY Act’s goal for passage is by the end of May, and said that the controversy surrounding stablecoin yield rates is nearing resolution. If the bill passes, XRP is expected to rise to $5–$10; otherwise, it could fall back to $1.2. The bill’s passage would create a regulatory framework for the digital asset market, clarify XRP’s classification as a commodity, and reduce compliance barriers for institutional investors.
MarketWhisper04-15 02:58
