ZKFair Community & Manta Network reach major TVL milestones

Polygon Labs recently praised ZKFair Community and Manta Network for reaching impressive TVL (Total Value Locked) milestones.

The network released a string of tweets to make the announcement. The original tweet by Polygon Labs read that ZKFair Community and Manta Network are establishing new market standards.

The networks are showing how chain independence can be preserved without sacrificing customizability. Shortly after, Polygon retweeted tweets from the Manta Network and the ZKFair Community.

Manta Network recently announced surpassing $250 million in TVL. The network thanked the community for their continuous and ongoing support. The official tweet read that Manta Network thrives on its projects, contributors, supporters, and users.

Besides this, the network announced its new marketplace listing. The box traders will get special access to PixelRealm’s airdrop in the upcoming months. Manta Network only opened registration for a 24-hour window.

On the other hand, ZKFair announced hitting 100 million USDC in TVL on X/Twitter. The tweet read that the number of participants in ZKFair’s recent event has crossed 198,000.

The first three rounds of gas fees have accumulated to 64.02 million. The third round garnered 42 million out of the 64 million gas fees. However, that is not all for the network, as Round 4 of the event has also begun. ZKFair Community has established an 11-hour window before the event wraps up.

It has been a busy week for Polygon, as Sandeep Nailwal (Polygon co-founder) started considering support for memecoins. Similarly, Polygon, along with other chains, has extended support for AsMatch to facilitate SociaFi advancement.

Given the back-to-back updates, Polygon has crossed the $1 mark after months. MATIC is currently trading at 1.05 dollars, marking a 19.07% growth in the past 24 hours.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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