The Good Tech Companies - Mantle Network Advances Technical Roadmap As The First ZK Validity Rollup With Succinct’s SP1

Episode Date: December 19, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/mantle-network-advances-technical-roadmap-as-the-first-zk-validity-rollup-with-succincts-sp1. Combining its modular architecture, data availability solutions through EigenDA, and now zero-knowledge proofs via SP1, Mantle Network embarks on creating Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #mantle-network, #chainwire, #press-release, #blockchain-development, #l2-network, #ethereum-blockchain, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Mantle Network is a top-5 L2 network with $2.2 billion in value locked (TVL) with $4.3 billion in reserves. Mantle Network has processed 175 million on-chain transactions, connected to 10 million unique wallet addresses and maintained 4.9 million monthly active wallet addresses since inception.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Mantle Network advances technical roadmap as the first ZK validity roll-up with Succinct's SP1 by Chainwire. Singapore, Singapore, December 19, 2024, Chainwire, Mantle Network, an Ethereum Layer 2, L2, known for its modular design and being the first adopter of Eigenlayer's EigenDA, today announced its architectural transition to a zero-knowledge, ZK, validity roll-up through an industry-first alliance with Sysynkt. Combining its modular architecture, data availability solutions through EigenDA, and now zero-knowledge proofs via SP1, Mantle Network embarks on creating the liquidity chain

for institutional-grade settlement and value transfer in the crypto ecosystem. Since Mantle Network's mainnet launch on July 7, 2023, the burgeoning on-chain ecosystem has grown to become a top 5L2 by total value locked, TVL, with $2.2 billion and counting. The network has processed 175 million on-chain transactions, seen 1.4 million smart contracts deployed, connected to 10 million unique wallet addresses and maintained 4.9 million monthly active wallet addresses since its inception. Mantle Network continues to drive capital efficiency in the on-chain economy with the integration of ZK Validity Rollup technology, providing crucial next-generation technical infrastructure to support and amplify secure

growth of high-value asset settlements. Backed by one of the largest community-owned treasuries globally with $4.3 billion in asset reserves, Mantle Network's technical roadmap directly supports its vision of accelerating seamless, secure and efficient movement of institutional capital across traditional and decentralized markets. Accelerating institutional-grade asset settlements through ZK Validity innovation with the testnet launch in Q1 2025 with intention towards mainnet upgrade. Mantle Network is set to evolve from an optimistic roll-up model to a ZK Validity roll-up through Succynx SP1. This architectural change drastically reduces chain finality from 7 days to an hour, enabling fast institutional-grade

asset settlements that support and address capital efficiency opportunities throughout traditional finance and the blockchain industry. The transformative efficiency gains of ZK validity proofs have garnered significant market traction. Already powering applications with a cumulative $4.4 billion capital across leading ZK L2 ecosystems, Mantle Network maintains a bullish belief in the advancement of ZK technology to further the broader Ethereum ecosystem. Performance benefits can allow Mantle's flagship assets, such as $METH, $CMET, HANDDOLLAR, FBTC, with an aggregate $3.9 billion TVL to proliferate across the wider centralized finance, DeFi, domain. This enables better swap market spreads, lower slippage, deeper money markets,

improved interest rates, and broader asset availability. Market intermediaries can rapidly rebalance inventories between Mantle Network, Layer 2, and Ethereum, Layer 1, and users can quickly move permissionlessly to access a unique set of onward routes and integrations. Key technical bene fits the strategic integration of Succinct's SP1 offers a suite of advanced features catered to developers and users. Fast finality. Boasting a 168x improvement in bridging capabilities, transactions achieve finality in one hour, enabling quick withdrawals and seamless operations to redefine user experience. EVM equivalence. Succinct's SP1 full EVM bytecode compatibility ensures developers can leverage

existing Ethereum tooling and smart contracts without compromise. Cost efficiency. Prover fees integrated into transaction costs eliminate additional financial burdens for roll-up teams with minimal cost impact to users, as low as fractions of a cent per transaction. Enabling a multi-chain future, the advancement reaffirms Mantle Network's alignment with Ethereum's security ethos while laying the groundwork for cross-rollup interoperability at scale through ZK proofs. Driving the future of ZK rollups OP Succinct combines the power of Succinct's SP1 ZK VM with the modularity of the OP stack, bridging the gap between user-friendly optimistic rollups and complex zero-knowledge technology.

The innovation promotes interoperability, flexibility, and standardization that addresses Ethereum's existing challenges. By adopting ZK-validity proofs, Mantle network transactions are cryptographically verified to be correctly sequenced and settled. This higher tier of security allows everyone to more easily and safely explore frontier areas that enhance the Ethereum experience, such as supporting more advanced application logic, enabling cross-chain actions, improving latency, and adopting multi-sequencer architectures. Greater than Joshua Chung, product lead at Mantle said, In my previous banking career, I greater than witnessed traditional banking infrastructure

and legacy banking business greater than models struggled to keep up with the emergence of fintech disruptors built with greater than cloud services that boast cost advantages. The introduction of programmable greater than blockchains along with stablecoins heralds the next natural step in disruption greater than a financial services, being even more operationally efficient and resilient. Greater than the integration of Succinct's SP1 marks a defining chapter in Mantle Network's greater-than-strategic blockchain journey to support banking for the next generation. By greater-than-uniting zero-knowledge proofs with the proven versatility of the OP stack, greater-than-we're-not-just-evolving-as-a-LAYER2 solution, we're setting a new benchmark greater than for institutional grade

ethereum scalability that enables highly efficient and greater than unparalleled security for high value transactions at the cost of a few cents greater than with 24 7 settlements greater than greater than greater than uma roy ceo and co-founder at succinct added succinct's sp1 empowers any greater than developer to make ZK applications by just writing Rust, accelerating the greater-than adoption of ZK and verifiable computation. With OpSuccinct, we can propel any greater-than opstack rollup into the future by providing fast finality with no downsides. Greater than by merging SP1's blazing fast performance with Mantle's progressive vision, greater than we're enabling

developers to reimagine decentralized applications with greater than unprecedented speed, efficiency, and reliability. Together, we're building the greater-than foundation for Ethereum's interconnected and scalable future. A unified Ethereum ECO system, the synergy of fast finality, Ethereum standard compatibility, and cost efficiency promises a profound impact, reducing fragmentation and unlocking the potential for next-generation decentralized applications, DAPPs. The transition enhances Mantle Network's commitment to Ethereum's decentralized security model as an ETH-aligned Layer 2, enabling a more cohesive ecosystem with seamless asset and information flows.

Mantle Network is now poised to be a future-ready L2 chain as a native Z-Crollup. As the Ethereum landscape evolves, Mantle Network's adoption of Succinct's SP1 positions it as a leader in scalability and innovation. Developers, users, and ecosystem partners can look forward to a faster, more secure, and interconnected Ethereum future. About Succinct Succinct brings zero-knowledge proofs to any developer with SP1, the world's fastest ZKVM. Succinct's decentralized prover network provides affordable and reliable proof-generation infrastructure for rollups, bridges, coprocessors and author applications using ZKPs. SP1 is used by the most renowned teams in the industry, including Celestia, Avail, Lido, Polygon, AgLayer and many more.

Website, X, Twitter, Discord, Vlog, Documentation about Mantle Mantle is building the largest sustainable hub for on-chain finance. Through its core products, Mantle Network, Meth Protocol, and FBTC, Mantle is unlocking the future of finance by blending institutional expertise with the transformative power of blockchain. Anchored by the Mantle Treasury, the largest community-owned treasury in the ecosystem, Mantle ensures robust liquidity and financial stability. With over $4.3 billion in assets, it actively funds core product development and fosters the growth of asset partners, such as Agora AUSD, Athena USDE, Ondo USDY, and Eigen Layer Restaking, enhancing sustainable yield, deep liquidity,

and financial utility on the Mantle network. Website, X, Twitter, Devs X, Twitter, Discord, Telegram, YouTube, Blog, GitHub Contact Mantle Windranger Labs at Waksman.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.