Manta Network Becomes 4th Largest Ethereum Layer-2, Offering High Yields and Free Tokens
• Manta Network surpasses Coinbase's Base as 4th largest Ethereum layer-2 solution with $840 million in total value locked (TVL)
• TVL growth likely driven by new bridging feature and upcoming 50 million MANTA token airdrop
• Users can earn 4-5% yields on ETH/USDC deposits and get free tokens in airdrop by using Manta
• Manta uses zero-knowledge proofs for privacy; mainnet launched Sept 2022 and now processes 4.52 million transactions per month
• Upcoming projects like Polygon's zkEVM could make rollups like Manta cheaper in 2024 as Ethereum upgrades continue