Manta Pacific Overtakes Coinbase's Base as Fourth Largest Scaling Solution in DeFi

According to L2Beat, Manta Pacific, the native layer 2 of Manta Network, has surpassed Coinbase's Base as the fourth largest scaling solution with a total value locked (TVL) of $845 million. Manta Pacific became a zero-knowledge rollup last year, utilizing zero-knowledge proofs to provide fast settlement of transactions. Manta's paradigm bridging program, which rewards users for bridging ether and USDC to the network, has contributed to the rapid growth in TVL. Binance has also announced Manta as the 44th project on the Binance Launchpool, allowing users to earn MANTA tokens by staking their BNB and FDUSD tokens.