Technology

Manta Pacific Integrates Celestia for Lower Transaction Fees – Crypto News

Published

2 years ago

December 19, 2023

Dripp

Manta Pacific, a prominent Layer 2 blockchain, has recently announced its strategic move to integrate Celestia’s advanced modular data availability solution. This significant step is aimed at reducing transaction fees for its users, marking a noteworthy development in the blockchain technology sector. Kenny Li, co-founder and core contributor at Manta Network, expressed enthusiasm about this upgrade, emphasizing the enhanced cost-effectiveness and security that Celestia’s solution will bring to Manta Pacific.

Celestia’s Data Handling

At the heart of this integration lies Celestia’s innovative data availability sampling. This mechanism allows light nodes on the network to verify block data without the need to download the entire data set. Such an approach not only streamlines the verification process but also substantially reduces the data handling burden on the network, contributing to lower transaction costs and improved overall efficiency.

Growing Trend Among Blockchain Projects

Manta Pacific is not alone in recognizing the benefits of Celestia’s technology. Other leading rollup projects, including Polygon Labs and Arbitrum, have also moved to incorporate Celestia’s data availability solution. These integrations, particularly with Polygon Labs’ chain development kit and Arbitrum’s Orbit stack, indicate a growing trend among blockchain projects to seek more efficient and cost-effective solutions for their Layer 2 networks.

Since its mainnet launch in September, Manta Pacific has witnessed impressive growth, reaching a total value locked of $18 million in just over two months. This rapid expansion is supported by significant industry investment, with p0x labs, the developer behind Manta Pacific, securing $25 million in funding this July led by Polychain Capital. Such robust financial backing and rapid growth underscore the market’s confidence in Manta Pacific’s vision and technological prowess.

Manta Pacific’s decision to adopt Celestia’s data availability solution marks a significant step towards more efficient and cost-effective blockchain operations. This move not only benefits Manta Pacific’s users but also sets a precedent for other blockchain projects striving for enhanced performance and lower operational costs.