Similar to Celestia, Manta Network primarily provides infrastructure for modular dapp development. Manta is divided into two networks, Manta Pacific and Manta Atlantic, corresponding to Layer 2 and Layer 1, respectively.

Manta Pacific is built on Ethereum's Layer 2 and utilizes Celestia for modularity.

Manta Atlantic is built on Polkadot's Layer 1 and uses ZK verification, offering high-speed and lower gas costs.

Compared to Celestia, Manta Network is constructed from various modules and is compatible with five different tokens, including ETH, DOT, Tia, and ATOM, in addition to Manta.

The main advantage and narrative of Manta Network, aside from its modular development environment, is that it's the first Ethereum Layer 2 built using Celestia. This sets it apart from others like Arbitrum, Zksync, and Linea. In other words, developing dApps on Manta Network's Ethereum Layer 2 is similar to developing on Celestia, adopting a modular approach and supporting EVM.

Manta Network's Valuation

In the short term, Manta Network has gained attention and raised $75 million. In the medium to long term, Manta Network's advantages may not be as prominent as Celestia's. Since Manta is an integrated blockchain with Celestia, its position in the modular blockchain space may not be as strong as Celestia's. However, Manta Network will benefit from Ethereum's Cancun upgrade. Therefore, Manta's marketing advantages are more apparent than its technical advantages.

If we compare it to Celestia, Manta Network's FDV is estimated to be between 3-4 billion USD. Currently, Manta Network's FDV is 2.2 billion USD, which is lower than its actual value.