1 year ago
Mantle Network, the modular Ethereum Layer-2 (L2) blockchain, disclosed the motorboat of its mainnet astatine the Ethereum Community Conference (EthCC) successful Paris.
This announcement comes connected the heels of a significant merger with BitDAO, the world’s largest DAO by treasury value, creating a unified DAO-led web3 ecosystem known arsenic the Mantle Ecosystem. The merger, sanctioned by the palmy on-chain proposition BIP-21, saw BitDAO’s ecosystem, products, governance, and BIT tokenomics each transitioning nether a azygous brand, Mantle.xyz.
Backed by 1 of the world’s largest on-chain treasuries, pursuing the integration with BitDAO’s important treasury, the mainnet unveiling follows a six-month testnet phase. This determination kickstarts a $200M EcoFund.
Mantle Network’s modular architecture segments execution, information availability, consensus, and colony into abstracted layers. Through collaboration with EigenLayer, an Ethereum restaking protocol, Mantle offers an optimistic roll-up plan and revolutionary information availability solutions. According to a property release, these features let Mantle to clasp Ethereum’s information portion providing enhanced show astatine importantly reduced costs.
Jordi Alexander, the strategical advisor of Mantle, commented,
“As this burgeoning abstraction sizzles connected the eve of ‘L2 Summer’, the agility enabled by Mantle Network’s adaptive and iterative plan volition support it astatine the bleeding borderline of the latest technological breakthroughs for years to come.”
The testnet signifier saw Mantle’s Mainnet Alpha handling implicit 14 cardinal on-chain transactions, deploying implicit 140,000 astute contracts from implicit 48,000 developers, and connecting implicit 690,000 unsocial wallet addresses.
Mantle Network, during the testnet phase, demonstrated its capableness to grip high-frequency decentralized applications (dApps) similar blockchain games, societal graph protocols, and precocious DeFi protocols by hosting ecosystem partners specified arsenic Game7, HyperPlay, EduDAO, Bybit, and EigenLayer.
The web besides highlights the imaginable of tokenized governance by connecting 1 of the world’s largest decentralized autonomous enactment (DAO)-led ecosystems of partners, builders, and innovators.
Inheriting BitDAO’s important treasury, the Mantle Ecosystem received astir $300 cardinal successful USDC/USDT and astir 270k ETH, with the full BitDAO treasury valued astatine astir $2.5 billion. Token holders are slated to govern treasury usage and allocation done Mantle Governance, promoting the enlargement and adoption of merchandise lines.
The station BitDAO backed Mantle Network launches mainnet astatine EthCC appeared archetypal connected CryptoSlate.
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