Launch of the liquidity incentive program, will Manta Network asset prices soar?

DeMan
2023-11-13 18:02:22
Collection
Can the increasingly prosperous Manta project be a good investment at this time?

Author: DeMan
Recently, the ecosystem of Manta Network has witnessed significant prosperity, with numerous projects joining and launching a series of exciting activities. Let's take a closer look.

Banner background image of Manta Network

Recent Achievements of Manta: TVL Exceeds $26.34 Million, On-chain Transactions Exceed 4.16 Million

Manta platform has been continuously hosting major events, reflecting the heat of the ecosystem, specifically including:
First, innovative NFT marketplaces such as Element, NFTb, and AlienSwap have joined Manta Network, bringing new vitality and diversity to the ecosystem. The addition of these platforms not only enriches the ecological diversity of Manta Network but also provides users with a wider range of services and trading options.
Following this, the perpetual DEX Realperp also announced its entry into the Manta Network ecosystem and has already made an appearance at MantaFest Odyssey. This is a noteworthy development as it marks Manta Network's expansion in the field of perpetual contract trading.
Additionally, the inclusion of QuickSwap brings more incentives for Manta Network users. Early users not only have the chance to receive Grant airdrops but may also receive exclusive airdrops, undoubtedly increasing the appeal of participating in the Manta Network ecosystem.
Recent updates show that on November 9, Manta Network ecosystem project PacificSwap launched a liquidity incentive program, planning to reward liquidity providers (LPs) through airdrops of MANTA and PACIFIC tokens. This strategy aims to further encourage community participation and contributions to the ecosystem, strengthening the liquidity foundation of the entire network.

OKX Wallet and Manta Network officially announce their partnership
The data from Manta Network—TVL exceeding $26.34 million, over 4.16 million on-chain transactions, and 153 projects within the ecosystem—are strong evidence of its ecological prosperity. These figures not only showcase Manta Network's current achievements but also provide a solid foundation for its future expansion and prosperity in the decentralized finance sector.
With more projects joining and activities being launched, Manta Network is steadily advancing the innovation and popularization of decentralized finance with its unique ecosystem.

Setting Four Strategic Directions, Will Manta's Future Path Be More Robust?

Manta Network's expansion of its ecosystem is not a temporary measure but a well-thought-out strategic deployment.
As early as September this year, Manta Network demonstrated its foresight by announcing a partnership with dappOS to launch the Manta Pacific Ecosystem Growth Plan Season 1, marking a commitment to jointly promote the scalable development of the Manta ecosystem.
The core content of this plan includes four strategic directions:
First, dappOS promises to provide a user-intent-centric experience, significantly lowering the barriers for users to utilize Manta ecosystem DApps. The implementation of this strategy is expected to quickly bring a new user base to the Manta ecosystem, injecting new vitality.
Second, Manta Network will operate non-profit nodes on the dappOS network, a measure that will facilitate rapid capital inflow, accelerating the capital circulation and growth of the Manta ecosystem.

Manta Network's TVL continues to reach new highs
Additionally, Manta Network and dappOS will jointly provide liquidity support valued at up to $10 million, which is crucial for the rapid launch of Manta ecosystem projects, providing a stable funding foundation for new projects.
Finally, both parties will collaborate to support the market operation and global brand building of Manta ecosystem projects, ensuring that these projects can stand out in a competitive market.
This series of strategies from Manta Network not only demonstrates its strength in technological innovation, ensuring the privacy and security of transactions through advanced cryptographic techniques such as zero-knowledge proofs, but also shows Manta Network's firm confidence and full preparation for ecosystem expansion. This forward-looking planning and execution lay a solid foundation for the prosperous development of Manta Network.

Stimulating Innovation, Perfecting Ecological Layout, DeFi Week Activities Make Manta More Vital

In Manta Network's strategic layout, the DeFi Week activities are particularly important. Although this event does not directly stem from the ecosystem growth plan, it effectively accelerates the expansion and deepening of the Manta Network ecosystem. The launch of DeFi Week is not only a celebration of the diversity of the Manta Network ecosystem but also a demonstration of its technological innovation capabilities.
The introduction of the Celestia token TIA not only brings a new asset class to Manta Network but also provides its users with more investment and participation opportunities. The addition of this new asset is an important milestone for a DeFi ecosystem centered on privacy and security. It signifies that Manta Network is not just a privacy trading platform but a comprehensive DeFi ecosystem capable of supporting a wide variety of assets and transaction types.
The support of DeFi projects within the Manta Pacific ecosystem for TIA, through incentive programs to reward trading and liquidity providers, is a wise move. It not only enhances the liquidity and visibility of TIA but also brings more users and transaction volume to Manta Network. The underlying strategy is a simple yet powerful notion: the success of an ecosystem largely depends on the value it can provide to its users.

Manta Network actively engages in external collaborations
The introduction of the Hyperlane cross-chain bridge further proves Manta Network's user-friendliness. In the blockchain world, interoperability has been a long-standing challenge, and Manta Network addresses this issue through this technological solution, providing users with a convenient cross-chain experience. This not only reduces the complexity of user operations but also showcases Manta Network's professionalism and innovation in solving blockchain technology problems.
The decision to airdrop all TIA developer rewards to users further strengthens the relationship between Manta Network and its users. This act of giving back not only increases user trust and loyalty but may also stimulate community members' further investment and participation in the ecosystem. In the long run, this community-driven growth model could be a key factor in Manta Network's success.
Finally, Manta Pacific's decision to use Celestia as a data availability layer reflects a thoughtful consideration of cost-effectiveness. In the DeFi sector, transaction costs are a significant factor, especially when high gas fees often become barriers to user experience. By reducing gas costs, Manta Network not only enhances user experience but also improves the platform's competitiveness. This optimization of cost-effectiveness is crucial for attracting a broader user base.
In summary, Manta Network's DeFi Week activities and the introduction of TIA are a carefully designed chapter in its ecosystem growth strategy. Through these initiatives, Manta Network not only strengthens its position as a privacy-protecting DeFi ecosystem but also provides tangible value to its users and community members. With the implementation of these strategies, we can anticipate that Manta Network will play an increasingly important role in the future of DeFi.

Manta Network Will Continue to Iterate, Attention Needed on Ecosystem Scale and Development Quality

When examining Manta Network's recent developments and future blueprint, we can clearly see an evolving ecosystem. Through its innovative privacy protection technology and proactive ecosystem expansion strategies, Manta Network has established its position in the decentralized finance sector.
With the establishment of new partnerships and the addition of new projects, Manta Network's ecosystem is not only growing in quantity but also improving in quality. The optimization of user experience, enhancement of cross-chain interoperability, and emphasis on community participation collectively form the foundation of Manta Network's success.
Looking ahead, Manta Network's roadmap is clear and ambitious. With more technological innovations and market strategies being implemented, we can expect Manta Network to continue to advance steadily on the path of privacy protection and decentralized finance, providing more value to users, developers, and partners, and jointly promoting the prosperity and maturity of the cryptocurrency ecosystem.

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