Manta Network (MANTA) is carving out a niche in the Web3 landscape with its dual-layer architecture focused on privacy and scalability. Founded in 2020 by Victor Ji, Shumo Chu, and Kenny Li under P0x Labs, the project has attracted backing from industry heavyweights including Binance Labs and Polychain Capital. In 2023, Manta Network closed a $25 million Series A round led by Polychain Capital and Qiming Venture Partners, boosting its valuation to $500 million.
Dual-Layer Architecture: Manta Pacific and Manta Atlantic
Manta Network’s core innovation lies in its two distinct chains. Manta Pacific is an Ethereum Layer 2 designed for EVM-native Zero-Knowledge (ZK) applications. It uses Celestia for data availability and zkEVM for scalability, while Universal Circuits simplify ZK app development in Solidity. The modular structure helps keep gas fees low while maintaining high throughput.
Manta Atlantic is a Layer 1 on Polkadot that focuses on ZK compliance credentials. It introduces zkSBTs (Zero-Knowledge Simple Barter Tokens) and enables private, reusable zkAddresses. With strong interoperability, Manta Atlantic has already minted over 300,000 zkSBTs and seen more than 200,000 wallet installations.
MANTA Token Utility and Market Performance
The MANTA token serves as the native asset of the Manta Network, powering governance (voting on upgrades, fee parameters, and treasury allocations), staking (securing the network and earning rewards), and transaction fee payments (including private transfers and smart contract deployments). MANTA is also tradable on exchanges like KuCoin via spot and pre-market markets.
As of May 25, 2026, the circulating supply of MANTA stands at approximately 470,968,905 tokens, out of a maximum supply of 1 billion. The token reached an all-time high of $4.08, but the current price is down 98.04% from that peak. Its all-time low was $0.05, with the price now up 49.05% from that level. Analysts note that MANTA’s price is influenced by broader crypto market trends, technological milestones, strategic partnerships, and investor sentiment.
Ecosystem Growth and Airdrop Program
Manta Network has rewarded early adopters through airdrops targeting Manta Atlantic early supporters, active zkApp users, MantaFest participants, and TIA stakers. Users can check eligibility by connecting their wallets to the official portal. The project’s technology extends to DeFi, gaming, and social apps, leveraging zero-knowledge cryptography to offer privacy-preserving solutions. With a first-mover advantage in the ZK space and strong institutional backing, Manta Network aims to become a key infrastructure for privacy-focused decentralized applications.