Mantle Community, a modular Ethereum Layer 2 (L2) blockchain, introduced the launch of its mainnet on the Ethereum Neighborhood Convention (EthCC) in Paris.

The announcement follows a major merger with BitDAO, the world’s largest DAO by monetary worth, making a unified DAO-driven Web3 ecosystem often known as the Mantle Ecosystem. The merger was sanctioned by the profitable on-chain proposal BIP-21, transferring the BitDAO ecosystem, merchandise, governance and BIT tokennomics all beneath a single model, Mantle.xyz.

Backed by one of many world’s largest on-chain treasuries, following BitDAO’s de facto treasury integration, the mainnet announcement comes after a six-month testnet section. The transfer will launch a $200 million eco fund.

The Mantle Community’s modular structure separates execution, information availability, consensus, and settlement into separate tiers. Mantle provides an optimistic rollup design and an progressive information availability answer by means of its collaboration along with his EigenLayer, the Ethereum re-staking protocol. In response to the press launch, these options will permit Mantle to keep up the safety of Ethereum whereas delivering improved efficiency at a considerably diminished value.

Jordi Alexander, Strategic Advisor to Mantle, commented:

“Whereas this burgeoning universe will erupt on the eve of ‘L2 Summer time’, the agility enabled by the adaptive and iterative design of the Mantle Community will permit it to remain forward of the most recent improvements for years to come back. We will keep on high.”

In the course of the testnet section, Mantle’s Mainnet Alpha has processed over 14 million on-chain transactions, deployed over 140,000 good contracts from over 48,000 builders, and related over 690,000 distinctive pockets addresses. backside.

Within the testnet section, Mantle Community will host ecosystem companions resembling Game7, HyperPlay, EduDAO, Bybit, EigenLayer, and so forth. to develop high-frequency decentralized functions (dApps) resembling blockchain video games, social graph protocols, and superior DeFi protocols. demonstrated the power to deal with

The community additionally highlights the potential for tokenized governance by connecting the world’s largest Decentralized Autonomous Group (DAO)-led ecosystem of companions, builders and innovators.

The Mantle Ecosystem, which took over BitDAO’s great amount of funds, acquired roughly $300 million and roughly 270,000 ETH in USDC/USDT, and BitDAO’s complete funding was valued at roughly $2.5 billion. Token holders will management the use and allocation of their treasury by means of Mantle Governance to drive product line enlargement and adoption.