Manta's TVL Soars by Over 189% in a Week - Ranked Eighth in Layer2 TVL Listings

BlockBeats news reported on December 28, according to L2beat data, that Manta's Total Value Locked (TVL) had experienced a substantial increase of 189.65% over the previous seven days, reaching approximately $316 million. This rise positions Manta as the eighth largest in the Layer2 TVL rankings.

Previously, BlockBeats had reported that on December 15, Manta Network implemented the New Paradigm, aiming to offer users benefits surpassing those of Blast. The New Paradigm presents five ways to gain rewards and profits, versus two provided by Blast. The incentives include:

1. Fixed income of 4-5% on ETH and stablecoins.
2. Incentives in the form of treasure chest fragments/NFTs that can be exchanged for a final MANTA token airdrop.
3. Extra revenue from partnering with various DeFi, GameFi, SocialFi, and other dApps already launched on Manta Pacific.
4. Additional incentives from New Paradigm participants providing liquidity to Manta Pacific ecosystem projects.
5. Income through supporting stETH re-staking (optional, hinged on the Eigenlayer Restaking Cap).