After six intensive months of development, the Mantle Network has finally unveiled its mainnet at the Ethereum Community Conference (EthCC) in Paris. Throughout its trial period, the network successfully processed over 14 million on-chain transactions and deployed over 140,000 smart contracts. The network also proudly announced having garnered 48,000 developers and connected with nearly 700,000 unique wallet addresses, maintaining over 157,000 active addresses per month.
The Evolution of High-Performance, Robust Security, and Economical Fees
The Mantle Network, which boasts one of the world’s largest on-chain treasuries, breaks away from conventional layer-1 (L1) chains. Unlike its monolithic predecessors that send all transactions through the same layer, the Mantle Network takes a novel approach by utilizing a modular chain. In this innovative architecture, execution, data availability, consensus, and settlement are independently segregated into different layers.
Backed by EigenLayer, a highly-regarded Ethereum restaking protocol, Mantle Network promises high performance, lower data availability costs, and security. Mantle’s innovative modular architecture also allows it to stay at the forefront of cutting-edge developments. Unlike traditional L1 chains that require meticulous planning for upgrades, Mantle can quickly adapt by replacing modular components, potentially making it the launching pad for future Ethereum advancements.
Security Above All
Mantle Network’s concentrated focus on security is its response to the infamous security compromises witnessed in sidechains. Unlike these sidechains that connect to Ethereum using less secure bridges, Mantle has decided to put Ethereum-aligned security and affordable gas fees at the forefront. This robust approach makes Mantle a viable platform for high-frequency decentralized applications (dApps), such as blockchain games and social protocols, to transition on-chain.
The Mantle Network ushers in a new era where game developers can bring their vast game ecosystems on-chain without the burden of significant gas fees. Advanced DeFi protocols and social graph protocols can be made accessible for much broader adoption, all the while maintaining high security.
The Vibrant Ecosystem of Mantle Network Mainnet
The Mantle Network Mainnet Alpha enters the stage boasting partnerships with significant players such as Game7, HyperPlay, and EduDAO, among others. Additionally, Mantle Network has created a companion NFT, “Citizens of Mantle,” in collaboration with international visual artist Chen Man, attracting a broader audience.
The Mantle Ecosystem is primarily governed by the Mantle Governance, one of the world’s largest decentralized autonomous organizations (DAOs), fostering a more collaborative decentralized economy. Further reinforcing the strength of the Mantle Network is the DAO-approved Mantle EcoFund. A $200 million capital pool created in partnership with leading venture capital firms, it is set to be one of the largest ecosystem funds in the industry.
David Toh, a general partner of Mirana Venture, expressed his optimism about the Mantle EcoFund stating, “The Mantle EcoFund aims to be the ‘first money’ into high-quality and innovative early-stage projects building within Mantle Ecosystem.”
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Arjun Kalsy, the head of the ecosystem of Mantle, adds, “Mantle stands out in its support for blockchain developers and web3 entrepreneurs through grants, venture funding, and around-the-clock assistance. Our world-class developer relations and business development teams, along with our venture partners, are available to our ecosystem at every step of the way, to help drive mass adoption of decentralized and token-governed technologies and shape a brighter future for web3.”
Those attending Sozu Haus, Stable Summit, EthCC, ETHGlobal Paris, and Modular Summit will have an opportunity to engage with the Mantle team directly. The team is also scheduled to deliver more than a dozen talks across these events throughout the week.
With its launch, the Mantle Network Mainnet is set to usher in a new era of technological advancement for blockchain, highlighting the power of modularity, security, and low-cost transactions in the Ethereum environment.