Dune data shows that the asset pledge value TVL on the Manta Network income product New Paradigm chain has exceeded 660 million US dollars. The current actual TVL has surpassed zkSync Era, dYdX, Linea, Starknet, and Base to rank 4th among all Layer 2s. New Paradigm currently has 228,008 ETH pledged and 118,267,232 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.