Mantle Network advances its technology roadmap with the first ZK Validation Rollup with Succinct’s SP1.

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Singapore, Singapore, December 19, 2024, Chainwire

A concise alliance sets the Mantle Network to the highest TVL ZK effectiveness rollup.

Mantle Network, an Ethereum layer 2 (L2) known for its modular design and the first to adopt EigenLayer’s EigenDA, today announced its architectural shift to zero-knowledge (ZK) validation rollups through an industry-first partnership with Succinct. Combining a modular architecture, data availability solutions with EigenDA, and now zero-knowledge proofs with SP1, Mantle Network sets out to create a liquidity chain for institutional-level payments and value transfers in the cryptocurrency ecosystem.

Since the Mantle Network’s mainnet launch on July 7, 2023, the fast-growing on-chain ecosystem has grown into a top five L2 by total value locked (TVL) of $2.2 billion. The network has processed 175 million on-chain transactions, deployed 1.4 million smart contracts, connected to 10 million unique wallet addresses, and maintained 4.9 million monthly active wallet addresses since its inception. Mantle Network integrates ZK validity rollup technology to provide critical next-generation technology infrastructure that will continue to drive capital efficiency in the on-chain economy and support and amplify the secure growth of high-value asset payments. Backed by one of the world’s largest community-owned treasuries with $4.3 billion in assets, Mantle Network’s technology roadmap directly supports its vision to accelerate the seamless, secure, and efficient movement of institutional capital across traditional and decentralized markets. Supported by .

Accelerate Institutional Grade Asset Settlement with ZK Validation Innovations

With the intention of upgrading the mainnet, with the launch of the testnet in Q1 2025, the Mantle Network will evolve from an optimistic rollup model to a ZK validity rollup with Succinct’s SP1. This architectural change significantly reduces chain finality from 7 days to 1 hour, enabling rapid asset settlement at the institutional level that supports and addresses capital efficiency opportunities across traditional finance and blockchain industries.

The innovative efficiency gains in ZK validation have gained significant market traction. Already supporting applications with a cumulative $4.4 billion in capital across the leading ZK L2 ecosystem, Mantle Network remains optimistic that ZK technology will further advance the broader Ethereum ecosystem. The performance advantages will enable Mantle’s flagship assets such as $mETH, $cmETH and $FBTC to spread into the broader decentralized finance (DeFi) space, with a total TVL of $3.9 billion. This can improve swap market spreads, reduce slippage, deepen money markets, improve interest rates and expand asset availability. Market intermediaries can quickly rebalance stocks between the Mantle Network (Layer 2) and Ethereum (Layer 1), while users can move quickly and permissionlessly to access their own set of future paths and integrations.

Key technical advantages

The strategic integration of Succinct SP1 provides a suite of advanced features for developers and users.

Quick finality: Bridging capabilities have been improved by 168x, allowing transactions to be finalized in just 1 hour. This allows for fast withdrawals and smooth operations, redefining the user experience.
EVM equivalency: Succinct’s SP1 full EVM bytecode compatibility ensures developers can leverage existing Ethereum tools and smart contracts without compromise.
Cost-effective: The prover fee integrated into the transaction cost is less than 1 cent per transaction, minimizing the cost impact to users while eliminating additional financial burden on the rollup team.
Enable multi-chain future: This advancement reaffirms that the Mantle Network is consistent with the security ethos of Ethereum, while also laying the foundation for large-scale cross-rollup interoperability through ZK proofs.

Driving the future of ZK Roll-Up

OP Succinct bridges the gap between user-friendly optimistic rollup and complex zero-knowledge techniques by combining the power of Succinct’s SP1 zkVM with the modularity of the OP stack. Innovation drives interoperability, flexibility, and standardization that solves Ethereum’s existing challenges. By adopting the ZK Validity Proof, Mantle Network transactions are cryptographically verified to be correctly ordered and settled. This high level of security makes it easier and safer for everyone to explore perimeter areas that enhance the Ethereum experience, including supporting advanced application logic, enabling cross-chain operations, improving latency, and adopting multi-sequencer architecture.

Joshua Cheong, Mantle Product Lead “In my previous banking career, I witnessed traditional banking infrastructure and legacy banking business models struggling to keep up with the emergence of fintech disruptors built on cloud services that boast cost advantages. The introduction of programmable blockchains along with stablecoins heralds the natural next step in the disruption of financial services. This means greater operational efficiency and resilience. Succinct’s SP1 integration marks a decisive chapter in Mantle Network’s strategic blockchain journey to power the next generation of banking. By combining zero-knowledge proofs with the versatility of a proven OP stack, we not only evolve to a Layer 2 solution, but also set a new benchmark for institutional-level Ethereum scalability that enables high levels of efficiency and unparalleled security. there is. – Value transactions for pennies with 24/7 payments.”

Uma Roy, CEO and Co-Founder of Succinct Added: “Succinct’s SP1 enables any developer to create ZK applications by writing Rust, accelerating ZK adoption and verifiable computation. OP Succinct allows you to push any OP stack rollup into the future by providing fast finality without any drawbacks. By combining SP1’s blazing-fast performance with Mantle’s forward-thinking vision, we’re enabling developers to reimagine distributed applications with unprecedented speed, efficiency, and reliability. Together, we are building the foundation for Ethereum’s interconnected and scalable future.”

Integrated Ethereum Ecosystem

The synergy of fast finality, Ethereum standard compatibility, and cost efficiency promises to have a profound impact by reducing fragmentation and unlocking the potential of the next generation of decentralized applications (dApps).

This transition reinforces Mantle Network’s commitment to Ethereum’s decentralized security model as ETH-aligned Layer 2, enabling a more cohesive ecosystem with seamless asset and information flow. The Mantle Network is now ready to become a future-proof L2 chain with a native ZK rollup.

As the Ethereum environment evolves, Mantle Network has adopted Succinct’s SP1, positioning itself as a leader in scalability and innovation. Developers, users, and ecosystem partners can look forward to a faster, more secure, and more interconnected future for Ethereum.

concise information

Succinct brings zero-knowledge proofs to every developer using SP1, the world’s fastest zkVM. Succinct’s decentralized prover network provides a low-cost and reliable proof generation infrastructure for rollups, bridges, coprocessors, and other applications that use ZKP. SP1 is used by some of the most popular teams in the industry, including Celestia, Avail, Lido, Polygon, AggLayer, and more.

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Introduction to 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 combining institutional expertise with the transformative power of blockchain. Powered by Mantle Treasury, the largest community-owned treasury in the ecosystem, Mantle ensures strong liquidity and financial stability. With over $4.3 billion in assets, the company actively funds core product development and fosters the growth of asset partners such as Agora AUSD, Ethena USDe, Ondo USDY and EigenLayer Restaking to deliver sustainable returns on the Mantle Network; Enhance deep liquidity and financial utility. .