Defying DDoS Attacks: Manta Network’s Resilience amid Token Listing and Promising Market Performance

Manta Network, a cutting-edge layer-2 blockchain powered by zero-knowledge (zk) Proofs, recently faced a Distributed Denial-of-Service (DDoS) attack just as it celebrated a successful token listing on various exchanges. This article explores the aftermath of the attack, the impressive growth of Manta Network, and its recent achievements.

DDoS Attack on Manta Network

The assault aimed to overwhelm the network by flooding it with Internet traffic, causing delays in transaction processing and impacting gas fees. However, Manta developers promptly addressed the issue, stating that the attack was aggressive and timed. They reassured the community that the blockchain remained secure, and users’ funds were unaffected. This quick response demonstrated the resilience and dedication of the Manta team.

Token Listing and Trading

In tandem with the DDoS attack, Manta tokens began trading on multiple exchanges, indicating a promising start for the project. The Manta token (MANTA), valued at $2.17 at the time of writing, boasted a fully diluted market cap of $544 million. This successful token listing showcased the market’s confidence in Manta Network and its potential for growth.

Manta Pacific’s Growth and Achievements

A spokesperson for Manta Network revealed that Manta Pacific, the network’s layer-2 solution, witnessed a staggering 70x increase in Total Value Locked (TVL) within the past quarter, reaching an impressive $858 million. This growth highlights the increasing adoption and utilization of the Manta Network. Moreover, Manta Pacific has emerged as the fourth-largest scaling solution, surpassing industry giants like Coinbase’s Base. This achievement demonstrates the scalability and efficiency of Manta Network’s layer-2 solution.

Manta Atlantic and NFT Offering

While Manta Pacific focuses on scaling solutions, Manta Atlantic, the flagship NFT private offering platform, was launched in April 2023. This platform provides an avenue for creators and collectors to engage in secure and efficient private NFT transactions. With the growing popularity of NFTs, Manta Atlantic positions itself as a leading platform in this burgeoning market, leveraging the blockchain’s security and scalability.

Funding Success for P0xeidon Labs

Meanwhile, an earlier report from last year has revealed that P0xeidon Labs successfully raised $25 million in its Series A funding round. This success further highlights investor confidence in the blockchain and crypto industry. With solid financial backing, P0xeidon Labs can continue to innovate and contribute to the growth of the ecosystem.

Manta Network’s ability to overcome the recent DDoS attack without compromising the security of user funds showcases its robust infrastructure and commitment to the community. The successful token listing, impressive growth of Manta Pacific, and the launch of Manta Atlantic highlight the network’s progress and potential. With strong funding support, Manta Network is positioned to become a formidable player in the blockchain and NFT space. The growing interest and demand for the project underscore the market’s recognition of its capabilities. As Manta Network continues to thrive, it remains an exciting project to watch in the evolving blockchain landscape.

Explore more

AI Revolutionizes Corporate Finance: Enhancing CFO Strategies

Imagine a finance department where decisions are made with unprecedented speed and accuracy, and predictions of market trends are made almost effortlessly. In today’s rapidly changing business landscape, CFOs are facing immense pressure to keep up. These leaders wonder: Can Artificial Intelligence be the game-changer they’ve been waiting for in corporate finance? The unexpected truth is that AI integration is

AI Revolutionizes Risk Management in Financial Trading

In an era characterized by rapid change and volatility, artificial intelligence (AI) emerges as a pivotal tool for redefining risk management practices in financial markets. Financial institutions increasingly turn to AI for its advanced analytical capabilities, offering more precise and effective risk mitigation. This analysis delves into key trends, evaluates current market patterns, and projects the transformative journey AI is

Is AI Transforming or Enhancing Financial Sector Jobs?

Artificial intelligence stands at the forefront of technological innovation, shaping industries far and wide, and the financial sector is no exception to this transformative wave. As AI integrates into finance, it isn’t merely automating tasks or replacing jobs but is reshaping the very structure and nature of work. From asset allocation to compliance, AI’s influence stretches across the industry’s diverse

RPA’s Resilience: Evolving in Automation’s Complex Ecosystem

Ever heard the assertion that certain technologies are on the brink of extinction, only for them to persist against all odds? In the rapidly shifting tech landscape, Robotic Process Automation (RPA) has continually faced similar scrutiny, predicted to be overtaken by shinier, more advanced systems. Yet, here we are, with RPA not just surviving but thriving, cementing its role within

How Is RPA Transforming Business Automation?

In today’s fast-paced business environment, automation has become a pivotal strategy for companies striving for efficiency and innovation. Robotic Process Automation (RPA) has emerged as a key player in this automation revolution, transforming the way businesses operate. RPA’s capability to mimic human actions while interacting with digital systems has positioned it at the forefront of technological advancement. By enabling companies