Mantle’s token, MNT, reaches a new all-time high at $1.71 after the network recently completed its mainnet upgrade using OP Succinct, becoming the largest zero-knowledge rollup with over $2 billion in total value locked.
Summary
- Mantle Network recently completed its upgrade into a ZK Rollup mainnet by integrating itself with OP Succinct’s technology, becoming the largest ZK Rollup with $2 billion in TVL.
- The upgrade gave a much needed boost to MNT, catapulting it to a new all-time high at $1.71.
In a press release, it was revealed that Mantle Network recently completed its transition into a ZK rollup. The transition was made possible through OP Succinct, a technology developed by Succinct that enables Optimism-based rollups to adopt ZK proofs.
This upgrade skyrockets the protocol’s initial $217.98 million TVL on DeFi to $2 billion in value, making the combined entity the largest the world’s largest zero-knowledge rollup by TVL, with over $2 billion secured by Succinct’s technology.
“They realized that ZK was a hard requirement. With today’s protocol upgrade, they have laid the foundation for their next chapter. OP Succinct is now on Mantle mainnet,” said Edward Li, Growth and BD Lead of Succinct in his statement.
The transition to ZK rollup introduces faster settlement and lower transaction costs on the ecosystem. Mantle now offers one-hour finality and six-hour withdrawals, a significant leap compared to the seven-day exit periods common on other layer-2 networks.
Not only that, proving costs have also been reduced, with fees lowered to around $0.002 per transaction, making ZK technology more accessible to users.
Moving forward, Mantle is set to position itself as a “Liquidity Chain” that aims to attract decentralized finance, real-world asset projects, and institutional adoption. The faster and more secure settlement offered by ZK proofs is seen as a key requirement for this vision.
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Author: Trisha Husada
