Manta Network, a modular ecosystem in the web3 space, is making waves in the crypto world according to CoinGecko’s latest report. Manta Network (MANTA) boasts faster transaction speeds than Layer 1 (L1) solutions and lower gas costs than Layer 2 (L2) solutions.

Recently, the project made significant announcements, including the release of MantaDEX. This led to a price increase to $2.43 with a trading volume of $674 million in 24 hours, marking a 20.4% surge.

Manta Network has been outperforming the global cryptocurrency market in the last week, with a price increase of 5.9%. Compared to similar Binance Launchpool coins, Manta Network has surpassed the average gain of 0%. Its all-time high of $2.72 on Jan. 18 was 10.5% higher than the current price.

A special event on Jan. 18 celebrated the loyal supporters of Manta’s two networks—Manta Pacific and Manta Atlantic. Manta Pacific, a Layer 2 modular blockchain, and Manta Atlantic, a zero-knowledge Layer 1 chain on the Polkadot platform, were honored for their contributions.

Manta Pacific has shown remarkable growth, with a 70-times increase in Total Value Locked in the past quarter. This demonstrates the growing popularity and success of Manta Network in the crypto space.

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