What is Manta Network (MANTA)?

Manta Network (MANTA) is a modular blockchain ecosystem focused on scalable applications and zero-knowledge (ZK) technology. The project originated in 2020 with the development of a ZK stack on Polkadot and subsequently expanded into a multi-network architecture. (Source: Manta Network) Its ecosystem currently includes Manta Pacific, a modular Ethereum Layer-2 leveraging Celestia for data availability, and Manta Atlantic, a ZK-enabled Layer-1 built on Substrate that focuses on modular on-chain compliance identities and decentralized staking. (Source: Manta Network; | Manta Atlantic) The MANTA token is used across the ecosystem for governance and staking-related functions, with Manta's governance framework giving MANTA holders a central role in protocol decision-making. (Source: Manta Governance) Manta Pacific has also adopted additional staking and fast-finality infrastructure, including mechanisms leveraging BTC and MANTA restaking to improve transaction finality and network performance. (Source: Manta Network | Manta Network Fast Finality Audit) 

Risk Associated to the Digital Asset 

Manta Network (MANTA) presents a specific risk profile that investors and market participants must navigate:

• Market Volatility Risk: Like all digital assets, MANTA is subject to broad market fluctuations, speculative trading, and sentiment shifts across the broader cryptocurrency space. (Source: CoinGecko) 

• Regulatory & Adoption Risk: Because Manta Network incorporates privacy-preserving Zero-Knowledge cryptography, it may face heightened regulatory scrutiny from jurisdictions applying strict anti-money laundering (AML) frameworks to privacy-centric technologies. (Source: Gate Learn) 

• Cybersecurity & Custody Risk: Navigating between Manta Pacific and Manta Atlantic requires cross-chain bridges; vulnerabilities in these bridging smart contracts can expose users to significant exploitation risks. (Source: Binance Research) 

• Layer-2 & Modular Dependency Risk: Manta Pacific's modular architecture relies heavily on external networks, specifically utilizing Celestia for data availability and Ethereum for settlement. If either of these underlying infrastructure layers experiences an outage, exploit, or consensus failure, Manta Pacific's operations could be severely compromised. (Source: Manta Network Documentation) 

• Concentration & Vesting Risk: MANTA tokens are subject to scheduled unlocking events tied to early investors, the development team, and the foundation. As large tranches of tokens automatically enter the circulating supply, secondary market prices may face dilutive pressure. (Source: CryptoRank) 

Trading History of Digital Asset

• Market Capitalization: As of mid-2026, MANTA held a circulating market capitalization of approximately $30 million.

• Trading Volume: The token maintains an average 24-hour trading volume of approximately $1 million to $10 million across major cryptocurrency exchanges.

• Historical Price Action: Following its token generation event, MANTA reached an all-time high of roughly $4.05 in March 2024. By mid-2026, the token had experienced significant downward momentum alongside broader market conditions, stabilizing near $0.078. (Source: Investing.com) 

For complete historical charts, liquidity depth, and live market data, users can reference external historical-data aggregators such as CoinGecko's MANTA markets page.

Incidents of Manipulation or Security Failures

Manta Network has historically experienced operational security incidents, although the documented major incident did not result in a loss of user funds or compromise of blockchain state.

During Manta Pacific's Token Generation Event (TGE) on January 18, 2024, the network suffered a targeted Distributed Denial-of-Service (DDoS) attack in which more than 135 million RPC requests were directed at its infrastructure. The attack severely restricted communication between applications and the blockchain and contributed to unusually high gas fees, although the chain continued producing blocks and no user funds were compromised.

Following the incident, Manta implemented mitigation measures and reimbursed users for eligible excess gas fees incurred during the attack. The event highlights that RPC and infrastructure availability remain meaningful operational risks even when the underlying blockchain state and user assets remain secure. 

Token Ownership Concentration

MANTA has a total supply of 1 billion tokens, with approximately 477.5 million MANTA (47.75%) currently unlocked as of late July 2026. The remaining supply is subject to scheduled vesting and unlocks extending through 2030, creating continued dilution and potential sell-pressure risk as additional tokens enter circulation.

The token distribution includes Ecosystem/Community (21.19%), Foundation Treasury (13.50%), Private Round (12.94%), Team (10.00%), Advisors (8.10%), Strategic Investors (6.17%), Institution Investors (5.00%), Airdrop (5.60%), New Paradigm/Airdrop 2 (6.50%), Public Sale (8.00%), and Binance Launchpool (3.00%).

Consequently, ownership and supply concentration remain material considerations, particularly because a substantial portion of the remaining supply is allocated to foundation, private, team, advisor, and investor-related categories. However, these allocations are subject to defined vesting mechanisms rather than being immediately liquid, and Tokenomist indicates that the full unlock schedule extends into 2030.

Security Audit

Manta Network operates a dual-layer ecosystem bridging a sovereign zero-knowledge Layer-1 (Manta Atlantic) and an EVM-equivalent modular Layer-2 rollup (Manta Pacific). Its security posture depends on Substrate framework audits, formally verified ZK circuits, modular data availability assurances, and Ethereum/Polkadot base-layer settlement.

• Multi-Firm Audits of Core Substrate & ZK Circuits: Manta’s core zero-knowledge cryptography and base-layer programs (Manta-ZK Lib, arkworks circuits, and Substrate runtime pallets) have undergone independent security audits by specialized firms including Veridise, Halborn, ABDK, and Secure3. Assessments confirmed zero critical or high-severity vulnerabilities in circuit definitions, arithmetic logic, and state transition logic.

• Manta Pacific Modular L2 & Celestia Data Availability: Manta Pacific processes transactions via EVM-compatible ZK/optimistic execution rollups. To maintain data availability without relying on centralized sequencers, Manta Pacific integrates Celestia DA, using 2D Reed-Solomon coding, Namespaced Merkle Trees (NMTs), and Data Availability Sampling (DAS) to ensure transaction data can be publicly verified and reconstructed.

• Substrate Runtime & Pallet Safety: On Manta Atlantic, runtime pallets are evaluated against common Substrate vulnerabilities, such as arithmetic overflows, unverified dispatch origin authorizations, and weight/gas management flaws. Automated static analysis tools (like Scout) and continuous integration testing validate state changes before block production.

Hata Custody Controls

For client assets held on Hata, Hata maintains its standard institutional custody and compliance framework: SOC 2 Type II certified custody, multi-signature (Multi-Sig) withdrawal authorisation, segregation of client assets, audited operational governance, continuous blockchain-analytics monitoring, and FATF Travel Rule compliance aligned with major regimes (EU/MiCA, Singapore, Japan and the UAE). These controls govern how Hata safeguards SAFE held with the exchange and are independent of the asset's own protocol-level security.

Sources

• Bestchange

• Binance Square (Messari Overview)

• Coinbase Market Data

• CoinGecko Market Data

• Investing.com (The News Crypto)

• Web3 Galaxy Brain (Veridise Overview)

• CoinFabrik Substrate Audit Dataset

• Tokenomist

• CryptoRank

• Manta Network Documentation 

• Manta Network Medium

• Veridise Manta Audit Archive 

• Manta Atlantic Security Report

• Manta Network Celestia Integration Docs