Manta Network’s Airdrop: The Leading Contender for the Hottest Event of 2024
Excitement Builds for 2024 Manta Network Airdrop in Crypto World
The cryptocurrency world is buzzing with anticipation as the year 2024 kicks off with the promise of exciting airdrops. Following the successes of platforms like Uniswap, LooksRare, Arbitrum, Flare Network, Pyth Network, and Jito, the upcoming Manta Network airdrop is set to be a significant event.
Renowned crypto analyst, Miles Deutscher, has emphasized the importance of this event, highlighting its potential impact on the crypto world.
“I expect the Manta airdrop to be one of the biggest of 2024. Their New Paradigm campaign has only about 10 days left. All you need to do is bridge ETH or USDC to Manta Pacific to earn NFTs. The more NFTs you earn, the bigger the airdrop. Join using this link.”
Manta Network: Pushing Boundaries on Ethereum’s Framework
Within the Ethereum ecosystem, Manta Network is making waves as a “modular blockchain.” Its recent introduction of the Manta Pacific mainnet, a cutting-edge zero-knowledge (ZK) application layer 2 (L2), allows developers to create efficient applications with low fees and fast transaction speeds. Impressively, Manta currently has a total value locked (TVL) of $287 million, surpassing competitors like Kava, Gnosis, and Sui.
But what’s behind the sudden interest?
Manta’s New Paradigm campaign presents users with opportunities to earn Manta tokens. By bridging assets to the Manta platform and participating in its DeFi protocols and NFTs, users can secure these tokens. For those eyeing the airdrop, Deutscher recommends bridging a minimum of 0.2 ETH (approximately $400) or its USDC equivalent for potential rewards.
Unveiling Manta’s Potential in the DeFi Market
Kenny Li, co-founder of p0x Labs and contributor to Manta Network, views the rising TVL as a positive sign. He believes Manta is emerging as a strong competitor to established Ethereum layer two blockchains like zkSync and Base.
While TVL metrics may differ among blockchain browsers, the projected airdrop of 50 million tokens for early participants has sparked interest in the Manta Network.
Airdrops: The Future Trend?
Recent data from CoinGecko underscores the growing impact of airdrops. Between 2020 and 2023, the top 50 airdrops distributed a total of $26.6 billion in tokens. With Manta’s airdrop scheduled for this year, it has caught the attention of investors and enthusiasts alike.
Furthermore, the crypto community is eagerly anticipating a significant airdrop from the Solana-based protocol, Jupiter. As Manta Pacific’s TVL continues to rise, reaching $316 million, it is evident that the platform is making significant strides, ranking 7th among layer-2 blockchains by asset value.
In conclusion, as the crypto world eagerly awaits the Manta Network airdrop in 2024, it has the potential to be a game-changer that will shape the future of the cryptocurrency landscape.