Another ETH L2? Why? Well, we're still in the part of the Ethereum roadmap where scaling requires many different innovative approaches that work both in competition and cooperation with each other. There will be winners and losers, but the real winner is the entire EVM ecosystem.
š¦ Mantle Network processes transactions off-chain and validates similar to Optimism and Arbitrum, but is powered by EigenDA. Transaction fees are significantly cheaper than other L2s.
āļø Mantle is governed by the BitDAO community, which launched the BIT token. A BitDAO proposal to rebrand the BIT token to MNT and create a competitive L2 passed in 2022, making Mantle the only ETH L2 created and governed by a DAO.
š° BitDAO is one of the most well-resourced DAOs and has approved $200 million to accelerate the growth of the Mantle ecosystem. Including a potential airdrop campaign (Mantle Journey) that began in August 2023. Full disclosure: I'm active in this campaign! Show Less
