Manta Network
MANTA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MANTA (Manta Network) presents a mixed profile characterized by functional governance and active development balanced against weak community engagement and severe market headwinds. Active development scores reasonably well (6.0/10) with steady semver releases and a strategic pivot toward Manta Pacific, though original Polkadot-based Atlantic components are being sunset and SDK velocity remains modest. Team and Governance (6.5/10) benefits from a structured 'Penta Power' council framework and verified team credentials, while Security and Audit History (6.5/10) reflects verified third-party audit repositories, a CertiK Skynet score of 82.95 (Partial Rating A), and an absence of documented protocol exploits or regulatory enforcement actions. Conversely, Community Support is weak (3.0/10) with predominantly incentive-driven participation, and Tokenomics (5.5/10) shows heavy insider allocations (55-58%) alongside significant remaining lockups (~318M MANTA). Market and Use Case (3.5/10) highlights substantial vulnerabilities, including low on-chain fee generation ($382/month), thin liquidity, sharp 30-day volume contraction, and a severe price drawdown exceeding 95% from launch-period highs, alongside broad regulatory headwinds for privacy-focused technologies. No qualifying red-flag cap applies as no fatal exploits, hostile delistings, or fraud were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Manta Network (MANTA)
Manta Network (MANTA) is a zero-knowledge blockchain project that is undergoing a structural transition to sunset its original Manta Atlantic Polkadot parachain in favor of Manta Pacific, its modular Layer 2 network for zero-knowledge applications. The network was designed to facilitate privacy-focused decentralized finance and smart contract execution. MANTA serves as the utility and governance token across the ecosystem, supporting network gas fees, staking mechanisms, and participation in on-chain governance.
The project's governance framework utilizes a "Penta Power" structure introduced in January 2024, which distributes decision-making across five distinct councils, including the Manta Foundation, an Examination Council, and a Control Council with external industry participants. The token model features an initial total supply of 1 billion tokens with a 2% annual inflation rate starting in 2024. Token allocation is weighted toward early backers and internal stakeholders, with seed investors, team members, advisors, and the foundation treasury accounting for approximately 55% to 58% of the total supply, leaving an ongoing unlock schedule with over 300 million tokens vesting over a multi-year timeline.
Manta Network faces several operational and market-related risks. The MANTA token has experienced a significant market drawdown exceeding 95% from its 2024 launch-period highs, alongside low protocol revenue generation totaling under $400 in monthly fees and thin on-chain liquidity. Community activity remains largely incentive-driven, and developer documentation has noted warnings regarding un-audited code within specific node repositories despite third-party audits on the legacy Atlantic codebase. Additionally, as a zero-knowledge privacy-oriented network, the project operates under ongoing sector-wide regulatory scrutiny directed at privacy-enhancing blockchain technologies.