Revolutionizing DeFi: Manta Network's New Paradigm Soars Beyond $45M TVL

Impressive Growth

Dune Analytics has revealed a remarkable surge in the Total Value Locked (TVL) for New Paradigm, Manta Network's flagship product. In a mere 24-hour period, the TVL skyrocketed to over US$45 million, marking a staggering 125% increase. This growth is underscored by substantial pledges of 17,667 ETH and 6,778,208 USDC.

Global Attention

New Paradigm's success is now resonating globally, particularly garnering significant interest in South Korea and Turkey. This burgeoning popularity is not only evident in burgeoning social media discussions but also in ascending Google search trends, indicating a growing international curiosity and engagement with the product.

Innovative Revenue Model

At the core of New Paradigm is its innovative revenue model, leveraging the Blast model for user engagement. Participants in this ecosystem can pledge ETH and USDC via Manta Pacific, with incentives to invite others. The model offers five distinct benefits: fixed returns in ETH and USDC, treasure chest NFT rewards exchangeable for MANTA tokens, composability rewards within the Manta Pacific ecosystem, additional bonuses from ecological projects, and Restaking rewards from Eigenlayer.

Strategic Financing

Manta Pacific, a cutting-edge Ethereum modular Layer 2 solution tailored for ZK applications and part of the Manta Network, has been the beneficiary of significant financial backing. Notably, it has secured upwards of US$60 million in funding from prestigious entities such as Polychain, Binance labs, CoinFund, and SevenX Ventures. This substantial support underscores the confidence and anticipation surrounding Manta Network's offerings in the DeFi space.

The Manta Network, with its New Paradigm product, is rapidly carving out a significant position in the decentralized finance landscape. Its combination of innovative financial solutions, global community engagement, and solid backing from leading investment firms positions it as a key player to watch in the evolving world of DeFi.