Airdrop news propels Manta Network to the top of trending list

Manta Network, a modular ecosystem within the web3 space, has made it into CoinGecko’s trending report for January 18th. Manta Network (MANTA) is known for its promise of faster transaction speeds compared to Layer 1 (L1) solutions and lower gas costs compared to Layer 2 (L2) solutions. The project has recently made significant announcements, including the release of MantaDEX. As a result, the price of MANTA has surged to $2.43, with a trading volume of $674 million in the past 24 hours, representing a 20.4% increase.

When looking at the price performance of MANTA over the past week, it has consistently outperformed the global cryptocurrency market, which has seen a decline of 5.9%. In comparison to other similar Binance Launchpool cryptocurrencies, Manta Network has also surpassed the average 0% gain seen by comparable coins. The all-time high for Manta Network was reached on January 18th, reaching $2.72, which is approximately 10.5% higher than the current price.

This significant milestone coincided with an event that was scheduled on January 18th to show appreciation to long-term supporters of Manta’s two networks—Manta Pacific and Manta Atlantic. The initiative aims to commemorate and acknowledge the loyal supporters of Manta Pacific, which is described as a Layer 2 modular blockchain, and Manta Atlantic, a zero-knowledge Layer 1 chain built on the Polkadot platform.

The news further emphasizes the impressive growth of Manta Pacific, which has seen a 70-times increase in Total Value Locked over the past quarter.

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