A game-changing layer 2? All week, the ETHCC conference de Paris will host a multitude of projects related to the ecosystem ofEthereum. On this occasion, many announcements are made. We have been updated on the launch of the layer 2 mainnet Mantle Network.
Mantle Network enters the big leagues
Mantle Network is a second layer solution developed on top of Ethereum. In practice, Mantle is based on a optimistic rollup.
This solution stands out from its competitors, such as Arbitrum and Optimism, by offering a modular chain approach. As a result, execution, data availability, consensus, and transaction settlement are independent and separate layers.
“With its modular architecture, its optimistic rollup and implementation of data availability innovations in conjunction with EigenLayer, an ETH restaking protocol, Mantle Network combines high performance and lower data availability costs, while being secured by Ethereum. »
Mantle Network
At the ETHCC conference, Mantle Network announced the launch of its alpha version on Ethereum mainnet.
This launch follows six months of intensive development and testing on the testnet. In fact, more than 48,000 developers have deployed more than 140,000 smart contracts, during the testnet. In terms of usage, the testnet has brought together some 690,000 unique wallets. They achieved a total of 14 million transactions.
Of course, the network has its own token, the MNT. This will also allow its holders to participate in the governance of the protocol.
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200 million dollars to finance its development
At the same time, the teams announced the creation of the Mantle Eco Fund. In practice, this $200 million fund aims to finance high-quality projects on Mantle.
Various partners worked together to develop it. We can notably cite venture capital companies, such as Pantera Capital, Spartan Group or even Figment Capital.
“The Mantle EcoFund aims to be the premier source of money for quality, early-stage, innovative projects. Beyond initial investments, the fund has the ability to offer cash or follow-on investments to companies in its portfolio. »
Mantle Network
Obviously, Mantle Network is not the only protocol to rely on second-layer solutions. In fact, the giant Consensys recently deployed Linea’s mainnetits second layer solution based on a zkEVM.
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