As a seasoned researcher with extensive experience in the blockchain and cryptocurrency industry, I have closely followed the developments within the Manta Foundation and its growing ecosystem, which includes over $564 million in total value locked and around 270 projects. The recent announcement of their strategic investment in dappOS, an intent execution network backed by major web3 investors, caught my attention due to my previous research on both Manta Network and dappOS.
The Manta Foundation, a rapidly expanding modular layer two (L2) solution on the Manta network with over $564 million in total assets secured and approximately 270 associated ecosystem projects, has made a strategic investment in dappOS. This innovative intent execution network is supported by numerous web3 investors, including Binance Labs and Polychain Capital, who are leading this round of funding.
Based on the announcement, dappOS has been selected as a recipient in Manta Foundation’s initial $50 million EcoFund.
The Manta Foundation acknowledges and applauds the dedication and aspirations of the dappOS team so far. Our investment is intended to help facilitate their continued progress towards even greater accomplishments.
The Manta Foundation specifically chose to allocate investments towards dappOS due to its significant role in the prosperity of the Manta Network. It is worth mentioning that the Manta Network currently holds approximately $85 million in total value and a stablecoins market capitalization of around $14.04 million.
As a DeFi analyst, I’ve discovered several noteworthy protocols operating on the Manta nets. Among them are LayerBank lending, Quickswap V3, Uniswap V4, and Manta CeDeFi. These platforms offer various decentralized financial services. For instance, LayerBank provides lending solutions, while Quickswap V3 and Uniswap V4 focus on automated market-making. Lastly, Manta CeDeFi is a comprehensive platform that combines multiple DeFi functions.
In the past, the dappOS has facilitated easier and more affordable onboarding of new users for the Manta Network by reducing transaction fees.
The Manta Foundation is eager to observe the ongoing expansion and dominance of dappOS in the infrastructure sector of Manta Pacific. We invite the community to back dappOS as they strive to enable decentralized infrastructure and applications to prioritize user intent.
Market Implications of Manta Foundation’s Investments into dappOS
From my perspective as an analyst, at present, the Manta network ($MANTA) is valued at approximately $979 million in its fully diluted state, with a daily average trading volume of around $44 million. With the recent announcement of the collaboration between Manta Foundation and dappOS, developers within the Decentralized Finance (DeFi) sector now have the ability to effortlessly compete with other layer two networks directly integrated into the Ethereum network ecosystem.
During the recent cryptocurrency revival driven by potential US listings of Ethereum spot exchange-traded funds, MANTA‘s price has experienced a significant increase of over 32% in just the previous two weeks, reaching approximately $1 as of Friday.
To contradict the current bearish trend for the small-cap altcoin, which started early this year, it needs to create new highs in both price and lows on the weekly chart.
Bigger Picture
As a researcher studying the digital asset landscape, I’ve observed firsthand how the emergence of decentralized financial platforms has been instrumental in driving mass adoption. The recent collapse of web2 projects, resulting in a widespread outage within the past 24 hours, serves as a stark reminder of the significance of decentralized internet access.
As a researcher exploring the decentralized application operating system (dappOS) landscape, I’ve discovered that it serves as a unifying platform for various prominent blockchains and web3 projects. Some of these projects include Arbitrum, Avalanche, Binance wallet, Bitget Wallet, MakerDAO, QuickSwap, and OKX Wallet, among others.
Institutional investors are increasingly drawn to digital assets and web3 technologies due to their widespread use during this cryptocurrency market uptrend. Additionally, questionable monetary strategies from various central banks around the world have exacerbated significant currency depreciations.
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2024-07-19 18:57