Manta Pacific after Celestia DA: 99.98% lower DA fees, $96.7M bridged
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Data thread: Celestia DA cut Manta's DA fees by 99.98% versus Ethereum L1, and the New Paradigm bridge took $96.7M from about 8,400 depositors in four days versus Blast's over $800M. Estimates $25-50M of MANTA farming rewards. Includes referral invite codes.
Key claims
DA fees down 99.98% vs Ethereum L1, minting 10,000 NFTs costs about $0.5 in DA
New Paradigm: $96.7M deposited, over 32,000 ETH and over $24M USDC
50M MANTA allocated to rewards out of 1B supply
The @CelestiaOrg integration is live on Manta Pacific! 🚀
Almost $100M have already been deposited into @MantaNetwork’s New Paradigm contract. 📊
A data-driven 🧵 (with invite codes at the end 🤫 🪂)
1/ 📊 By integrating @CelestiaOrg for DA, @MantaNetwork has cut down the transaction fees significantly.
Compared to DA on Ethereum L1, Manta has reduced DA fees by 99.98%!
This makes Manta Pacific one of the cheapest L2 chains out there!
2/ 📊 The DA fee for minting 10'000 NFTs for example amounts to only $0.5!
That's 0.023% of the estimated L1 DA fee for the same operation!
3/ 📊 But that's not all! 👀
The TVL on @MantaPacific has been skyrocketing recently, breaking through the $100M mark!
This is primarily driven by the hype around Manta's New Paradigm campaign.
4/ 📊 $96.7M have been deposited into the New Paradigm Bridge far!
This is not on par with @Blast_L2’s >$800M, but further proves the effectiveness of the go-to-market strategy pioneered by Blast.
5/ 📊 Almost 8'400 depositors have deposited over 32'000 ETH into the New Paradigm contract, in only 4 days!
6/ 📊 Additionally, users have deposited over $24M in USDC!
7/ 📊 In total, there have been over 9'000 transactions already, with an increasing momentum!
8/ 📊 This makes Manta Pacific the first L2 with truly native yield.
It's not just a multisig like Blast.
This is a real chain. With real apps. Real use cases.
You can access your tokens immediately and use them in 100+ apps deployed on @MantaNetwork already!
9/ Ok, cool. But why do I care? 🤔
Well, @MantaNetwork is allocating 50M MANTA tokens in rewards.
There will be 1B MANTA tokens. Based on funding rounds, Manta is valued >$500M.
Assuming a conservative FDV of $0.5-1B, this is $25-50M in farming rewards (= face-melting APY).
10/ Today, I’m giving you a chance to get in on the biggest airdrop of 2024. 🪂
Join my team and reap in potentially wife.. ehmm… life-changing gains! 🚀
🚨 Invite codes 🚨
👉 QXG7P
👉 TADZ6
👉 SXBQE
Don't fade, anon! 👀
11/ If you need to catch up on @MantaNetwork and the New Paradigm, have a look at my thread below! 👇
x.com/MantaNetwork/status/1735268753984864349
That’s a wrap for today! I hope you found this thread helpful! 🫡
Follow me @zerokn0wledge_ & @MantaNetwork to stay up to date! ✨
Like / Retweet of the below tweet highly appreciated as well! 🙏👇
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