Dune data shows that the Manta Network income product income product New Paradigm’s on-chain asset pledge value TVL has exceeded 246 million US dollars, surpassing Starknet and Linea within 24 hours. The current actual TVL has also surpassed ImmutableX, and the TVL ranking jumped to Ethereum Layer 2 8th Bit. New Paradigm currently has 86,674 ETH pledged and 49,906,534 USDC pledged, and they are still rising.
New Paradigm is a revenue product launched by Manta Network using the Blast model. Users pledge ETH and USDC to Manta Pacific, invite friends to participate, and receive five benefits, including ETH, USDC fixed income, MANTA token airdrops, ecological project rewards, etc. Manta Pacific is an Ethereum modular Layer 2 designed for ZK applications launched by Manta Network. It has currently received over US$60 million in financing from Polychain, Binance Labs, CoinFund, SevenX Ventures and other institutions.