Mantle is an EVM-compatible, optimistic L2 rollup on Ethereum. It operates by handling consensus and settlement on the Ethereum mainnet (Layer 1, or L1) while leveraging data availability services through its proprietary Mantle DA, powered by EigenDA technology.
Currently, Mantle is using a simplified solution of EigenDA developed in collaboration with the EigenLayer team, pending the launch of a more comprehensive, canonical solution. The plan is to transition to EigenDA following its mainnet debut.
Despite a technical team that may not match the caliber of competitors like Polygon or Arbitrum, Mantle adopts a user-centric approach. This strategy allows them to leverage technical solutions from leading teams while focusing on delivering a superior end product. Ultimately, these initiatives are the key to growing the on-chain economy and increasing adoption.
The introduction of Proto-Danksharding with EIP-4844 is the major catalyst for Ethereum L2s. This upgrade promises significant cost reductions for rollups, benefitting Layer 2 tokens like $MNT. The market may rally in anticipation, presenting an opportune moment for building a position in L2 tokens with extra catalysts ahead.
At the core of EIP-4844 lies the concept of “Blobs,” denoting Binary Large Objects. Essentially, blobs are data chunks linked to transactions, distinct from regular transactions. These blob data chunks are exclusively stored on the Beacon Chain and incur minimal gas fees.
Blobs enable the addition of more data to Ethereum blocks without inflating their size. Put simply, leveraging blobs allows for nearly a 10x increase in stored data compared to the average block size.
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