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Mantle Network: An Emerging Modular L2 Ecosystem
Sandra Leow
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Key Takeaways
8 min read
  • Mantle Network distinguishes itself with a unique three-layer modular blockchain structure. Ethereum handles the settlement and consensus layer in this structure, EigenDA ensures data availability, and Mantle Network serves as the execution layer.
  • The adoption of Multi-Party Computation (MPC) and Threshold Signature Scheme (TSS) technology in Mantle Network's transaction execution process improves trustworthiness and reduces the withdrawal challenge period, resulting in a more reliable and user-friendly experience.
  • Mantle Network plans to incorporate EIP-3074 and EIP-4337, enabling smart contract delegation and account abstraction, respectively, enhancing user onboarding and experience in the ecosystem.
  • Mantle holds one of the largest on-chain treasuries. BitDAO (rebranded to Mantle Treasury) currently has a large treasury of $3.25b liquid assets, with 78% of their balance in BIT, followed by 13% in ETH, 6.2% in USDC, and others.

Introduction

Mantle Network is an Ethereum L2 blockchain network focused on executing the concept of modular blockchains. While comparisons are often made between Mantle Network and established L2s like Optimism and Arbitrum, Mantle Network sets itself apart by incorporating EigenLayer's EigenDA, resulting in a distinctive three-layer modular blockchain structure. Ethereum handles the settlement and consensus layer in this structure, EigenDA ensures data availability, and Mantle Network serves as the execution layer.

Currently, Mantle Network is in its Testnet phase; however, it has experienced significant adoption in recent months. The network processes approximately 63.5k transactions daily, accumulating a total transaction count of...