Mantle, the just lately surging modular Ethereum Layer 2, has deployed its v2 iteration on the Sepolia take a look at community.
Mantle introduced the launch of its v2 testnet on Jan. 12. Mantle v2 is constructed on high of Optimism’s OP Stack, paving the way in which for future compatibility inside the OP Superchain — the forthcoming unified ecosystem of Layer 2 networks leveraging the OP Stack. Optimism launched the open-source OP Stack alongside its Bedrock improve in June 2023.
“In distinction to Mantle v1 constructed on the outdated OVM codebase, Mantle v2 enjoys the advantages of the Bedrock improve, whereas offering the important infrastructure for future interoperability within the OP Stack ecosystem,” Mantle stated.
Different OP Stack-based chains embrace OP Mainnet, Base, Manta, and the BNB Chain Layer 2, opBNB.
Mantle v2 may even facilitate gasless transactions along with transactions supporting EIP-1559.
Mantle storms L2 rankings
Mantle accomplished its alpha mainnet launch in July 2023, and has just lately emerged as a front-running Layer 2 scaling answer. Mantle goals to supply cheaper transactions in comparison with rival L2s due to its modular structure.
The community makes use of Mantle DA, a decentralized knowledge availability layer powered by EigenLayer‘s EigenDA, to attenuate charges. Mantle additionally boasts separate execution and consensus layers.
“This allows hyperscaled efficiency at considerably diminished transaction charges on a community that’s secured by Ethereum,” Mantle stated.
Mantle presently ranks as the highest Layer 2 community by day by day throughput, processing a mean of 16.8 transactions per second (TPS) over the previous 24 hours, in keeping with L2beat.
Mantle processed a document excessive of 25.5 TPS on Dec. 27 amid the launch of inscriptions on the community. The community additionally hosted a quick spike to 21 TPS on Jan. 13, overtaking the Ethereum mainnet for the third time in as many weeks.
Mantle can be the eighth largest L2 by complete worth locked (TVL), boasting a TVL of $294M after rising 80% since Nov. 27. The mixed TVL of Layer 2 networks is at $22.1B, down from an all-time excessive of $23.7B on Jan. 12.
Mantle’s MNT token is the ninth-best performing high 100 cryptocurrency over the previous seven days following a 17.4% acquire, in keeping with CoinGecko.
