Mantle Community, the modular Ethereum Layer-2 (L2) blockchain, revealed the launch of its mainnet on the Ethereum Group Convention (EthCC) in Paris.
This announcement comes on the heels of a big merger with BitDAO, the world’s largest DAO by treasury worth, making a unified DAO-led web3 ecosystem often called the Mantle Ecosystem. The merger, confirmed by the chain’s profitable BIP-21 providing, led to the switch of BitDAO’s ecosystem, merchandise, governance and BIT tokenomics below one model, Mantle.xyz.
Following the combination with BitDAO’s massive treasury, the mainnet launch follows a six-month check part backed by one of many world’s largest community treasuries. This transfer begins the 200 million USD financial fund.
Mantle Community’s modular structure separates execution, knowledge availability, consensus, and settlement into separate layers. In partnership with EigenLayer, Ethereum’s refactoring protocol, Mantle provides an optimistic composite design and revolutionary knowledge availability options. In accordance with the press launch, these options enable Mantle to keep up the safety of Ethereum whereas offering higher efficiency at a considerably decrease price.
Mantle’s strategic advisor Jordi Alexander commented,
“As this thriving house sizzles on the eve of L2 Summer time, Mantle Community’s adaptive and iterative design ensures maneuverability that can keep on the reducing fringe of the most recent technological breakthroughs for years to return.”
Within the Testnet part, Mantle’s Mainnet Alpha has dealt with greater than 14 million on-chain transactions, applied greater than 140,000 sensible contracts from greater than 48,000 builders, and linked greater than 690,000 distinctive pockets addresses.
Mantle Community demonstrated its means to deal with high-frequency decentralized functions (dApps) reminiscent of blockchain video games, social graph protocols, and superior DeFi protocols in the course of the testing part by internet hosting ecosystem companions reminiscent of Game7, HyperPlay, EduDAO, Bybit, and EigenLayer .
The community additionally highlights the potential of tokenized governance by connecting one of many world’s largest ecosystems of companions, builders and innovators led by decentralized autonomous organizations (DAOs).
After inheriting BitDAO’s sizable treasury, Mantle Ecosystem obtained practically $300 million in USDC/USDT and roughly 270,000 ETH, valuing the entire BitDAO treasury at roughly $2.5 billion. Token holders should handle the use and distribution of the treasury via Mantle Governance, driving the event and adoption of product strains.
