Mantle Network launches the first ZK performance summary through Succinct SP1 to advance the technical roadmap

Author: Chain Silk

Concise Alliance establishes Mantle Network as the highest TVL ZK validity summary.

Mantle Network, known for its modular design, is the Layer 2 (L2) of Ethereum, and also the first adopter of EigenDA of EigenLayer. Today, it announced the start of creating a liquidity chain for institutional-level settlement and value transfer in the cryptographic ecosystem by combining its modular architecture with EigenDA's data availability solution and now through SP1 zero-knowledge proof.

Since the launch of the Mantle Network mainnet on XNUMXth, XNUMX, the thriving on-chain ecosystem has grown into a top X L2 Total Value Locked (TVL) of $220 million, and it's still growing. The network has processed XNUMX billion on-chain transactions since its inception, deployed XNUMX smart contracts, connected to XNUMX unique wallet addresses, and maintains XNUMX active wallet addresses monthly. By integrating ZK-rollup technology, Mantle Network continues to drive capital efficiency in the on-chain economy, providing critical next-generation technical infrastructure to support and amplify the secure growth of high-value asset settlements. With a $430 million asset reserve supported by one of the largest community-owned treasuries in the world, Mantle Network's technology roadmap directly supports its vision to accelerate institutional capital seamlessly, securely, and efficiently flowing in traditional and decentralized markets.

Accelerating institutional asset settlement through ZK validity innovation

With the launch of the testnet in the first quarter of its first year and the mainnet upgrade, Mantle Network will evolve from an optimistic rollup model to a ZK validity rollup model through Succinct's SP2025. This architectural change will greatly reduce the chain's finality from one day to XNUMX hours, enabling fast institutional-grade asset settlement and supporting and addressing capital efficiency opportunities in the entire traditional finance and blockchain industry.

The revolutionary efficiency improvement brought by ZK Validity Proof has gained great market appeal. Mantle Network has accumulated $200 million in capital in the leading ZK L4.4 ecosystem to support applications, and remains optimistic about the progress of ZK technology in further promoting the broader Ethereum ecosystem. The performance advantage allows Mantle's flagship assets (such as $mETH, $cmETH, and $FBTC) (with a total TVL of $390 million) to spread in the broader decentralized finance (DeFi) field. This can achieve better swap market spreads, lower slippage, deeper money markets, higher interest rates, and wider asset availability. Market intermediaries can quickly rebalance inventory between the Mantle Network (Layer 2) and Ethereum (Layer 1), and users can quickly access a set of unique forward routes and integrations without permission.

Key Technical Advantages

The strategy integration of Succinct SP1 provides an advanced set of features suitable for developers and users:

Fast determinacy: The bridging capability has increased 168 times, transactions are completed within one hour, achieving fast withdrawal and seamless operation, redefining user experience.

EVM Equivalent: The full compatibility of Succinct's SP1 EVM bytecode ensures that developers can leverage existing Ethereum tools and smart contracts without compromise.

Cost-effectiveness: Prover fees are incorporated into transaction costs, eliminating the additional financial burden on the Rollup team with minimal cost impact on users, as low as one cent per transaction.

Realizing the future of multi-chain: This development reaffirms the consistency of Mantle Network with the security spirit of Ethereum, while laying the foundation for achieving large-scale cross-chain interoperability through ZK proofs.

Powering the future of ZK Rollups

OP Succinct combines the powerful features of Succinct SP1 zkVM with the modular functionality of OP Stack, bridging the gap between user-friendly optimistic aggregation and complex zero-knowledge techniques. This innovation promotes interoperability, flexibility, and standardization, addressing the existing challenges of Ethereum. By adopting ZK validity proof, Mantle Network transactions are cryptographically verified, allowing for correct ordering and settlement. This higher level of security enables everyone to explore cutting-edge areas that enhance the Ethereum experience, such as supporting more advanced application logic, implementing cross-chain operations, improving latency, and adopting a multi-sequencer architecture.

Joshua Cheong, Head of Product at Mantle, said: "In my previous banking career, I have witnessed the emergence of fintech disruptors with traditional banking infrastructures and traditional banking business models struggling to keep up with fintech disruptors built with cost-effective cloud services. The introduction of programmable blockchains and stablecoins heralds the next natural step in the disruption of financial services – more efficient and resilient operations. The integration of Succinct SP1 marks a defining chapter in Mantle Network's strategic blockchain journey to support the next generation of banking. By combining zero-knowledge proofs with the proven versatility of OP stacking, we're not just evolving into a Layer 2 solution – we're setting a new benchmark for institutional-grade Ethereum scalability, resulting in efficient and unmatched security for high demands.

Uma Roy, CEO and Co-founder of Succinct, added: "Succinct's SP1 enables any developer to create ZK applications by writing Rust, accelerating the adoption of ZK and verifiable computation. Through OP Succinct, we can aggregate any OP Stack by providing fast finality without any drawbacks. By combining the super-fast performance of SP1 with the advanced vision of Mantle, we enable developers to rethink decentralized applications with unprecedented speed, efficiency, and reliability. We are jointly laying the foundation for the interconnected and scalable future of Ethereum.

Unified Ethereum ecosystem

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

This shift enhances Mantle Network's commitment to Ethereum's decentralized security model as a Layer 2 solution consistent with ETH, enabling a more cohesive ecosystem with seamless asset and information flow. Mantle Network is now ready to become a future-oriented L2 chain as a native ZK rollup.

With the development of the Ethereum ecosystem, Mantle Network adopts Succinct SP1 to become a leader in scalability and innovation. Developers, users, and ecosystem partners can expect a faster, more secure, and interconnected future of Ethereum.

About brevity

Succinct brings zero-knowledge proofs to any developer through SP1 (the fastest zkVM in the world). Succinct's decentralized proof network provides an affordable and reliable proof generation infrastructure for aggregators, bridges, co-processors, and other applications using ZKP. SP1 is used by the most renowned teams in the industry, including Celestia, Avail, Lido, Polygon, AggLayer, and more.

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About Mantle

Mantle is building the largest perpetual on-chain financial center. Through its core products – Mantle Network, mETH Protocol, and FBTC – Mantle combines institutional expertise with the transformative power of blockchain to unlock the future of finance. Based on the Mantle Treasury, the largest community-owned vault in the ecosystem, Mantle ensures strong liquidity and financial stability. With more than $430 million in assets, it actively funds core product development and facilitates the development of asset partners such as Agora AUSD, Ethena USDe, Ondo USDY, and EigenLayer re-collateralization to enhance sustainable yield, deep liquidity, and financial utility on the Mantle network.