Manta Network, a modular ecosystem within the web3 space, is in CoinGecko’s trending report for Jan. 18.

Manta Network (MANTA) is marketed as offering enhanced transaction speeds compared to Layer 1 (L1) solutions and reduced gas costs compared to Layer 2 (L2) solutions.

The project has since been the subject of several major announcements, including the MantaDEX release. The price has since risen to $2.43, accompanied by a 24-hour trading volume of $674 million, a 20.4% increase.

The price performance of MANTA over the last seven days has continued to outperform the global cryptocurrency market, which has declined by 5.9%. Regarding similar Binance Launchpool cryptocurrencies, Manta Network is also ahead of the average 0% gain experienced by comparable coins. The all-time high for Manta Network was recorded at $2.72 on Jan. 18, approximately 10.5% higher than the current price. 

This milestone coincided with an event scheduled on Jan. 18, expressing gratitude to long-term supporters of Manta’s two networks—Manta Pacific and Manta Atlantic. The initiative is said to commemorate and acknowledge the steadfast supporters of Manta Pacific, characterized as a Layer 2 modular blockchain, and Manta Atlantic, a zero-knowledge Layer 1 chain intricately constructed on the Polkadot platform.

The news further highlights Manta Pacific’s impressive growth, experiencing a 70-times increase in Total Value Locked over the past quarter.